The Purchasing Card
A Visa credit card issued by Bank of America, the P-Card is an efficient method for purchasing and paying for supplies, contractual services, memberships, fees and dues (with appropriate signature authority) up to a total value of $4,999.99. The card is to be used only for official University of South Carolina purchases.
This card will enable you to purchase non-restricted commodities from vendors in person, by phone, fax or internet directly. It eliminates the need for issuing low-dollar purchase orders, reduces blanket purchase orders and minimizes the use of Direct Expenditure Vouchers.
A P-Card will be issued in the employee's name with the State of South Carolina emblem, the wording "For Official Use Only" and "University of South Carolina" clearly indicated on the card.
Benefits of the Purchasing Card
You will be able to obtain supplies directly from vendors, without using a purchase order. This streamlines the purchasing process and can help improve turnaround time on your order. It significantly reduces the workload and processing costs related to the purchase and payment of supplies.
The purchasing card program provides a cost-efficient, alternative method for purchasing low-dollar supplies. Built-in card features make the program easy to manage and reduce processing costs at all levels by reducing the number of requisitions, purchase orders, invoices, and checks. It enables all departments to focus on higher-yield, value-added activities.
The purchasing card is welcomed by vendors who accept Visa. Once accepted for business purchases, vendors must send invoices and receipts directly to the departments of the University of South Carolina.