| Use of Procurement Card (or Purchasing Card) [message #232853] |
Mon, 23 April 2007 11:40 |
willisk
Messages: 3
Registered: April 2007
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Junior Member |
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Our company has made the decision to start using P Card. The company that we get the card from provides their own web-hosted application that allows for on-line review and approval routing of charges as well as reporting.
In my mind, this approach eliminates the need for us to use the "Procurement Card Management" functionality available under the Payables module of e-Business Suite 11i.
Can anyone provide a list of pros/cons to using card company's application vs. Oracle's functionality? Successes/failures?
Upon final approval of the credit card bill, we would also download files from the card provider's application into either Payables or General Ledger to record the spend. If we decide to download to Payables, we could load the transactions at the individual supplier level (as zero dollar invoices so as not to "double-up" on liability), thereby allowing us to record the actual spend at the supplier level.
Again, pros/cons to doing this? Guidance? Good idea/bad idea?, etc.
Any responses are most welcome! Thank you!
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