Studies* show that state agencies using commercial cards save an average of $101 on each purchase order (PO), while local governments save $46 per PO. Multiply these savings by the hundreds of POs processed daily, and it's no wonder that commercial card spending in state and local governments more than doubled recently.
J.P. Morgan's Commercial Card helps local and state governments realize these savings, simplify your procure-to-pay process and minimize fraudulent spending with advantages such as:
While our program eliminates many of the tasks associated with traditional POs, we also leverage the capabilities of our industry-leading technology PaymentNet® to design a scalable program that helps you manage responsibilities to your constituents, meet today's challenges and prepare for future needs. Flexible spending controls will help you better control procurement at all levels of your agency, while comprehensive reporting opens a new world of opportunities such as data for improved vendor negotiations.
We understand your agency is unique and dynamic, requiring more than an off-the-shelf card program. Our government experience and technology allow us to tailor a solution that significantly reduces your costs, limits fraud and allows you to redirect resources to more strategic initiatives.
* R. Palmer, M. Gupta, A. Davila, T. Mills, "Purchasing Cards Come of Age: A Survey of State and Local Governments," Government Finance Review (August 2002).