Do You Know How Much It Costs to Process a P-Card Transaction?

AP professionals clearly understand that organizations can achieve substantial cost savings when they shift transactions to p-cards. This is borne out by a recent p-card survey conducted by IOFM in which 73 percent of respondents ranked “reduction of AP processing costs” as the number one ranked benefit of a p-card program. Yet approximately 40 percent of IOFM’s respondents answered “I don’t know” when asked how much it costs their organizations to process a P2P transaction. This could reflect…