How Healthcare Organizations Integrate P-cards for Hands-off Processing
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For organizations managing employee-initiated spend, p-card automation can shorten settlement cycles, reduce fraud risk, and ensure rebate capture, directly impacting financial operations efficiency and cost control.
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- SAP Concur BlogHow Healthcare Organizations Integrate P-cards for Hands-off Processing
A SAP Concur blog post notes that the integration of purchasing cards (p-cards) has freed organizations across industries from paper-based purchase orders. As p-card transaction volumes continue to grow, healthcare organizations are seeking more efficient ways to increase control and visibility over this spend category. Manually managing p-cards slows down the AP process, causes missed rebates, and can lead to waste, out-of-policy spending, and fraudulent activity. SAP Concur's Company Bill Statements solution simplifies and centralizes the p-card process, enabling purchase-to-general-ledger completion in days rather than weeks.