Procurement Card
Procurement Card
What it is:
-The Procurement Card ("P-Card") is a Visa credit card authorized by the University to designated employees for the purchase of goods under $2,500
Benefits of using the P-Card:
- Accepted by most vendors that take Visa
- Ensures payment to vendors within 48 hours
- Eliminates purchase order and invoice processing
- Combines ordering and paying into a single process
Allowable purchases using the P-Card:
-Advertisements
-Books
-Non inventorial equipment (less than $5,000)
Restricted and unallowable purchases:*
-Items for personal use
-Travel
-Entertainment
-Subscriptions
-Registrations
-Inventorial equipment ($5,000+)
-Cash advances
-Consulting or contract employee services
*Note that this is only a partial list of unallowable purchases. Please see other items specified in University policy, BUS-43 and APPM 740 and 740.1.
Anderson School Cardholders:
-The P-Card is only held by designated Business Office fund managers
How to request purchases using the Pro-Card:
- General instructions
- Instructions for Amazon.com purchases
Updated 4/19/2011