Commerce Bank
Purchasing Card
April 10, 2006
Turn your A/P department into a revenue generator by sharing in monthly revenues based on your annual charge volume. Commerce Bank's A/P solution allows you to optimize the use of commercial card payments by integrating card payment into your existing accounting systems. Just like you perform a "check-run" today, you can perform a "commercial card run" that allows you to pay your suppliers on a per-invoice basis with full control.
As an experienced leader in Commercial Card services, Commerce's Purchasing and Corporate Card portfolio has increased at a rate almost twice the Visa average -- making our program one of the fastest growing in the nation. Our ask listen solve approach allows us to provide our clients with focused and customized solutions. Explore how Commerce Bank's M.A.R.E. endorsed program can benefit your school district.
Revenue Share for School Districts
With the M.A.R.E. endorsed Commerce Bank P-Card, participating school districts receive revenue share for spending money on everyday purchases. The share is based on net retail sales* and there are no minimum purchase requirements. The more you spend, the higher your revenue share.
School district purchasing volume is established from January 1 to December 31 each year.
Greater flexibility means increased cash flow and streamlined processes.
Use your card program to automate your budget burdens, cost management and internal reporting.
- Multiple card targeted for specific uses can help your school district increase its cash flow and streamline your processes
- Purchases from vendors can be pre-coded and automatically attributed to their account reducing keystrokes and reconciliation time
- Each A/P staff member who supports a category of vendors can be issued a card that allows them to pay, record, and reconcile transactions
- Superior tracking and verification of payments will benefit you and your vendors
Financial Control
With the M.A.R.E. endorsed Visa Purchasing Card, school districts are able to simplify tracking and reporting of all spending for increased financial control.
- Manage the purchasing and spending of employees by placing account usage restrictions on accounts
- Pay school district suppliers quickly and on time
- Online account access to track expenditure trends and manage spending policies
- Employee spending reports
- Cash Advance Restrictions
- Daily spending limits
- School district Tax-exempt data to assist in tax savings on all purchases.
*Net retails sales volume does not include returns, cash advances or disputes.
