American Express® Corporate Purchasing Solutions allow your business to process supplier payments efficiently and control spend needs. You can choose the solution that best suits your business, whether it be a physical Card or a virtual Account.
American Express® Corporate Purchasing Solutions provide opportunities for cost reduction, efficiency in payment processes, simplified reconciliation whilst helping you to manage fraud and security risks. A Corporate Purchasing Card streamlines and simplifies processes by replacing the payment on invoice model and giving tight controls over purchasing, by offering category spend parameters. This allows you to manage access to varying levels of data with detailed transaction information showing where and what is being spent.
Plastic issued per employee.
Card/Account number issued to department or assigned to a single supplier.
Why American Express® Corporate Purchasing Card?
Control spending by assigning parameters for where and how Cards are used, and how much can be spent. Receive detailed transaction information and data analysis to
help inform decision-making.
Take advantage of your payment terms to extend Days Payable Outstanding (DPO).
Streamline operations by assigning physical or virtual Cards to help simplify payment and
How does American Express® Corporate Purchasing Solutions work?
Choose from up to 20 customisable fields such as cost centre, job code, requisition number, event number and project code.
Spend within the limits you've set, including preferred suppliers, transaction or account limits, and purchase types.
Use the American Express® @ Work® programme to oversee policy compliance. identify opportunities to drive savings, and promptly pay your vendors - extending your
DPO to up to 44 days.
Take advantage of rich data from the Amex Insights platform to leverage purchasing volume with preferred suppliers, so you can maximise rebates and positively impact your bottom line.
Fill out the form to request a call back from a Specialist or reach out to us at 0800 085 7725, Monday to Friday, 9am-5pm.
Sign up for an American Express® Corporate Card programme to open up a world of perks, tools and opportunities.
A Corporate Purchasing Card complements your company’s Corporate Card programme by allowing you to consolidate regular payments to vendors within a single account, set limits on how and with whom your employees can spend, and gain insight into your spending so you can negotiate rates with preferred merchants.
Both “pcard” and “p-card” are abbreviations of “Purchasing Card,” which is itself a slight abbreviation of “Corporate Purchasing Card.” You may hear these terms used interchangeably by professionals, but they all mean the same thing.
When you sign up for an American Express Corporate Purchasing Card, you can choose to issue physical Cards or virtual Cards (in the form of Virtual Account Numbers) to your employees. Physical Cards are designed for staff who work away from the office and ideal for all business-related expenses, and virtual Cards are helpful to lodge with a preferred supplier or in a procurement platform, or for central use by a department within a company that does not want to issue physical Cards to multiple employees. From the American Express @ Work digital platform, you can set and enforce limits on which companies your employees can spend with, as well as how much they can spend.
While Purchasing Cards and Credit Cards can be used similarly, there are a few key differences in a Purchasing Card vs a Credit Card. Generally, Charge Cards are paid in full each month, while Credit Cards can have a revolving balance with interest being charged.
An American Express Corporate Purchasing Card acts as a Charge Card, but with several additional advantages. You can have a virtual account option available for use with online suppliers. Rather than assigning each Card to a single person, you can assign your Corporate Purchasing Card to a department within your company for use by multiple team members. You can also issue an Account in a supplier’s name for use with a key supplier who has recurring invoicing requirements for ease of reconciliation.
Most companies use a Purchasing Card programme to supplement their Corporate Card programme. If you make large or frequent business purchases, or have multiple employees making purchases on behalf of your business, you may be able to take advantage of a Purchasing Card to set spending limits, track companywide spend and negotiate with preferred suppliers.
Buyer Initiated Payments
Optimise your working capital and maintain control of your supplier payments.
American Express® vPayment
A virtual payment solution assigning a specific-use Account number and pre-authorised amount per transaction.
1. The maximum amount of time for deferred payment on purchases is 44 calendar days and is obtained only if you spend on the first day of the new statement period and repay the balance in full on the due date. Statement period may vary by each calendar month.