Procurement Card Program

  • The PFM Payment Solutions (P-Card) Program is a cost-free payments mechanism, which reduces the typical requisition process and related costs associated with purchasing materials and services. The base of the Payment Solutions Program, which is a special type of credit card, streamlines the purchase of supplies, furniture, construction materials, utilities and much more, saving staff time and money for your entity.

    Benefits  

    • NO COST
    • Rebates on 100% of dollars spent
    • Reduced check writing costs
    • Expedited payment to vendors (24 - 48 hours)
    • Reduced paperwork for requisitions, purchase orders and invoices
    • With five cards or more, receive employee misuse insurance of $100,000 per cardholder; with two to four cards, $25,000 per cardholder under MasterCard’s MasterCoverage©
    • $0 liability for lost or stolen cards
    • Ensures quick startup - program implemented 6 to 8 weeks from the receipt of application
    • Best suited to clients who will spend more than $100,000 annually on goods and services

    Cash Rebates

    Participants in the PFM Payment Solutions Program receive cash rebates on their purchases if the aggregate annual spend on the card equals or exceeds $50,000. The more items purchased using the card, the greater the rebate percentage. Rebates are calculated on 100% of aggregate spending on the P-Card and include all large-ticket items. All purchases are eligible for the rebate.

    Lower Costs, Improved Technology and Access

    The premier web-based management technology solution streamlines administrative functions and provides online access to all cardholders 24/7/365. 

     PFM Added Value 

    •  Sample policies and procedures manual
    • Additional support to program administration through presentations and webinars
    • Quarterly spend reports with projected annual spend and rebate, plus next level spend and expected rebate
    • Quarterly newsletter
    • Targeted mailings throughout the year to highlight best practices which will help maximize the value of your program
    • Email bulletins on current P-Card changes/initiatives and updates to online system

    We continually work with our clients to help them maximize the value of their programs. You can join the hundreds of clients who now pay for goods and services using Payment Solutions. If you're ready to start reducing costs and earning a rebate for this year's purchases, click here to contact us today.

    The PFM Payment Soutions Program is marketed and offered by PFM Financial Services LLC. 

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