Procard

A Procurement Card is a credit card.  The use of a City-issued credit card facilitates purchases by eliminating the requisition, purchase order and invoice process and any associated paperwork.

 

Benefits of the Program

Benefits to the City of Milwaukee

Benefits to the Supplier / Vendor

·         Reduced paperwork

·         Increased efficiency in obtaining goods/services

·         Enhanced management reporting

·         Increases supplier discounting

·         Payment received from Mastercard within 48-72 hours

·         Reduced paperwork

·         Issue receipts instead of generating invoices

·         Fewer invoice problems to resolve

·         Deal directly with cardholder / customer

 

 

Requirements of the Program

Procard Cardholder Requirements

Supplier / Vendor Requirements

·         Safeguard card

·         Use card within transaction limits

·         Keep a log of Procard purchases

·         Verify receipts of materials/services

·         Reconcile statement with purchase log

·         Forward receipts, log and statement to Approving Official

·         Be able to process MasterCard for payment

·         Manage returns and credits with cardholder

 

 

How does a vendor / supplier get started?  Vendors must be able to accept MasterCard for payment.  To become MasterCard capable, a vendor will need to speak with his/her bank to be set-up to process MasterCard transactions.