The goals of most purchasing card programs include eliminating costs, ensuring compliance and providing management tools for spend analysis and reporting.  TakeCharge Technologies' innovative purchasing card management solutions are focused on eliminating costs, ensuring compliance and providing spend analysis and reporting necessary to implement a best practice purchasing card program. By improving purchasing card integration with procurement, ERP, G/L, receiving and financial software managers are closely aligning card workflow and approvals with other more traditional purchase-to-pay activities.

TakeCharge of Costs

At the heart of every card program is the goal to drive down the costs of doing business by eliminating paper and unnecessary controls at the point of purchase.  TakeCharge further reduces costs by providing your payment card users a solution for self administration of their activities including; online requisition management, encumbrance management against G/L expense accounts, expense management, reconciliation management, and automated approval workflow.  The solution is integrated with your issuing bank, A/P, G/L and purchasing solutions to provide the missing link in your card program.

TakeCharge Compliance 

There a 2 primary types of compliance that can be managed with a best practice card program; regulatory compliance and process compliance.  By automating your procure-to-pay process with TakeCharge you will ensure the proper approvals and workflow are enforced and your executive management will be confident their card program complies with regulatory and corporate policies.  Automating your card program will allow your organization to eliminate maverick spending and fraudulent activities which will give you the confidence to grow your card program.

TakeCharge Spend Analysis and Reporting 

Spend analysis and detailed reporting is essential to a successful card program.  As initiatives to increase the number and types of categories purchased via payment cards expand, spend analysis is needed to evaluate what spend categories to move to a payment card. Detailed analysis of your spending patterns is required to maintain control and boost the return on investment in each new designated area of spend.  Furthermore, management must also be provided with detailed month end reporting, sales & use tax reporting, socioeconomic reporting and 1099 reporting.

TakeCharge Technologies ProCharge solution can help your company improve the performance and compliance of your T&E, Ghost, P-Card and any other payment card program.