The City of Petersburg has announced the implementation of a new Purchasing and Travel Card program. The new process will replace all existing credit cards used across the city, allowing expeditious payment to vendors, more monitoring of spending, and allowing the City to procure goods and services in a timely manner.
“The City is excited to roll this new procure-to-pay process and the benefits that come along with it,” comments William E. Johnson, III. “This new simplified process will eliminate invoice creation, faster receipt of payments and improved cash flow, and the city will also receive a return on investment.”
As part of the new purchase and travel card program, the City will receive a 1.5% return on all purchases. Cards can be used to make small purchases up to $2500, and anything greater will go through the standard procurement process.
“This is a win-win all the way around to help strengthen the relationship we have with our vendors,” said Tangela Innis, the City’s Purchasing Agent. “The P-card is a streamlined process that results in an overall savings for the city.”
The new program includes each designated card user submitting a requisition that describes the purchase request, including the amount and purpose. The request is then submitted for final approval before the expense can be made. City staff will begin training within the next two weeks, and all current credit cards will be returned to the city and replaced with the new cards for this program.