Procurement Card (P-Card) Training Program 1 Purpose of Procurement Card Program Provide increased...
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Transcript of Procurement Card (P-Card) Training Program 1 Purpose of Procurement Card Program Provide increased...
Purpose of Procurement Card Program
• Provide increased purchasing flexible to departments for small/medium purchases
• Reduce Paperwork and improve operational efficiencies by eliminating the need for requisitions
Type of Procurement Card Program
VISA Card
Issued by JP Morgan/Chase Commercial Card Solutions
Can be used with merchants that accept VISA credit cards
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Process
How to get a P-Card?
• Department head/Org manager submits an application authorizing the issuance of a card
• Department head submits the type of usage, spending limits, valid default accounting data and reviewer/approvals designation
• Reviewed by GC for correct Chartfield information
Who can get a P-Card?
• Anyone authorized by department head based on individual duties and responsibilities
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Benefits
What are the Benefits of a P-Card ?
• Reduce invoices
• Reduce the need for employee reimbursements
• Purchases are made faster and more flexible
• Streamlines the acquisition process
• Delegated Procurement authority
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Checklist
Once the card has been issued:
• Verify if MD/DC Tax exempt ID number on top front of card
• Verify your information
• Activate your card
• No Payroll Signature, Note back of Card as: “Ask for ID”
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Cardholder Responsibilities
• Submit statements to the Procurement office before the 18th of each month
• Utilize the card for business purposes ONLY
• Protect the card from theft and/or misuse
• Reconcile charges in a timely manner with correct chartfield(s)
• Be aware of department’s budget and regulations
• Don’t pay sales & use tax
• Submit statements with second reviewer approval’s signature
• Maintain all receipts through the fiscal year following the date of purchase
• Notify the Purchasing Department of any Billing Discrepancies/indicated on statement
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Monthly Statements
• If there is activity, Cardholder will receive a P-Card statement from JP Morgan Chase by the 10th of each month
• Cardholder will reconcile the monthly statement with their original receipts
• Cardholder can be given the ability to retrieve P-Card statements via JP Morgan Chase payment net online system (shown on next page)
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CUA Restricts all Cards from Being Used for the Following Transactions:
• Computers and laptops (regardless of price)
• Hazardous Materials
• Wireless Telecommunication Devices(contact CPIT)
• Alcoholic Beverages
• Gift Cards
• Donations
• Automotive Repairs
• Pharmacy & Drugstores
• Employee Moving Expenses
• Jewelry/Precious Metals
• PayPal
• Travel / Entertainment/Food
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Penalties for Violating Procurement Card Policy
• First Offense- The Procurement Office will send an email or written notice of policy violation or misuse of Procurement Card.
• Second Offense- The Procurement Office will issue a warning notification of 30 day suspension of Procurement Card. (copies are sent to department supervisor)
• Third Offense- The Procurement office will issue a CANCELLATION letter to the card holder and cancel the card. (copies are sent to department supervisor)
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Lost or Stolen P-Cards
During Business Hours:
- Notify the P-Card Program office IMMEDIATELY
-Notify University Public Safety Office (202) 319-5111
-Notify your Departments Supervisor
After Hours:
- Notify JP Morgan Chase 24 Hour services directly at 1-800-270-7760.
- Replacement card will be mailed to Procurement Office within three (3) business days
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Canceling a P-Card
• The department manager/head is responsible for notifying the P-Card coordinator regarding any change in a Cardholder’s employment status
• P-Card is returned to the P-Card coordinator
• Cardholder must reconcile any outstanding transactions
• Notify P-Card coordinator if the cardholder is on an extended leave of absence (sabbatical)
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