How to Drive P-Card Growth

Let's take a look at the five strategies most cited by respondents: 1. Convert more vendors to p-card payments. To overcome objections, AP must sell vendors on the benefits of p-card payments. The most obvious benefit is fast payment. Vendors can receive their payment within 48 to 72 hours of transmitting the transaction through the card system. Also, acceptance of a p-card payment eliminates the need for the vendor to prepare and send an invoice, set up accounts receivable, and apply the…