Useful information

Designed to streamline your procure-to-pay process and generate cost savings.

Our Government Procurement card (GPC) has been developed to deliver improved procurement efficiencies.

Replacing your current processes with a GPC can

• Improve expenditure controls
• Improve transaction information
• Streamline invoice processing
• Create added convenience for your employees

Many public sector organisations use the GPC as a solution for low-value procurement, which can account for up to 60% of total invoices; creating high processing costs compared to the overall purchase value.

Our specialist Cards team understand the procurement challenges faced by publicly funded and regulated organisations. We can review your existing procurement process and help you deliver cost reductions.

Key benefits

• Reduces costs by removing steps in the procure to pay process.
• Allows end users to deal directly with suppliers.
• Increases employee compliance to policies on suppliers and per item costs, by using pre-set spending limits and merchant category controls.
• Reduces the number of vendor invoices that accompany monthly and single payment statements that require processing to the Accounts Payable system.
• Consolidated spend reports enable analysis of cost and suppliers. This can be provided online or integrated with your financial systems.
• Cards can be seamlessly embedded into e-procurement systems as an efficient payment tool.
• Simplifies tax reporting when used at Visa Purchasing VAT enabled suppliers.
• Helps to meet the requirements of late payment legislation and ensures suppliers are paid for goods and services within 5 working days.

Features

• No annual card or transaction fees as the contract and tariff have been negotiated with the Office of Government Commerce.
• Cardholder spend can be controlled by transaction limits and restricted to specific merchant groups.
• Online account management through NetService; real time online account servicing for programme administrators and cardholders.
• Obtain management information through our online data reporting tool. Dedicated customer service and implementation teams.
• VAT reports provided reduce the need for invoices and are accepted as evidence for tax reclaims by HM Revenue and Customs.
•  Liability Waiver Insurance  (PDF,113.54kb) protects the organisation from employee card misuse.
• Assistance to enable your suppliers to accept Visa payments can be provided by Lloyds TSB Cardnet. Cardnet

GPC schemes are available to

• Central, civil government departments and agencies.
• Non-departmental bodies.
• Wider public sector organisations, such as local government, housing associations, education and schools, health and emergency services, and registered charities.

For further information on our Government Procurement card:

 print or download our Government Procurement Card product brochure  (PDF, 416.44kb)

VAT capable suppliers - A list of current Visa tax capable suppliers can be found here www.visaeurope.com