Purchasing Card Program
Th rough AICUP membership in the Coalition for College Cost Savings (CCCS), twelve AICUP institutions are utilizing the Procurement Card Program with JPMorgan Chase. Through this national affiliation, AICUP institutions have enjoyed the benefits associated with P-Card usage:
- Improved transaction processing efficiency for their low dollar purchases
- Electronic access to their purchasing data for better planning and budgeting
- Improved service delivery to their campus users
In addition, AICUP members have been the beneficiary of an ever increasing national rebate program that has returned hundreds of thousands of dollars to AICUP schools as a result of their participation in the P-Pard program since 2006.
2011 brings a new CCCS contract with JPMorgan Chase with even higher rebate and efficiency opportunities. Features of the new contract include:
- An enhanced on-line data reporting system, SmartData implemented at all new & existing member schools
- All participating schools, regardless of volume, receive a rebate as all rebate qualifying parameters were removed
- Favorable terms are now available to encourage P-Cards use in Accounts Payable
- Rebate calculator has been increased across all volume bands on a volume scale that now expands to $300 million
- No start-up costs and no costs of any kind to participate in the P-Card program, a tenet of the program since inception
Members with projected purchasing card volume as low as $100,000 annually and a minimum of 10 purchasing cards issued can begin their campus’ phased implementation to the P-Card program. This program will provide access to electronic, on-line purchasing and on-line payment verification.
For the 2010 Update click here
CONTACT:
David Jones, CCCS
615-983-6943
jones@thecoalition.us
Irina Berger,
JPMorgan/Chase
212-270-0674
irina.x.berger@chase.com
- AICUP member participants: 12
- Cost per Transaction Using a P-card: 76% reduction in average cost per transaction vs. traditional purchasing order method
- Total Dollar Volume in PA: $19.8 million, 22% of a national total of $90 million
Purchasing Card Program
Th rough AICUP membership in the Coalition for College Cost Savings (CCCS), twelve AICUP institutions are utilizing the Procurement Card Program with JPMorgan Chase. Through this national affiliation, AICUP institutions have enjoyed the benefits associated with P-Card usage:
- Improved transaction processing efficiency for their low dollar purchases
- Electronic access to their purchasing data for better planning and budgeting
- Improved service delivery to their campus users
In addition, AICUP members have been the beneficiary of an ever increasing national rebate program that has returned hundreds of thousands of dollars to AICUP schools as a result of their participation in the P-Pard program since 2006.
2011 brings a new CCCS contract with JPMorgan Chase with even higher rebate and efficiency opportunities. Features of the new contract include:
- An enhanced on-line data reporting system, SmartData implemented at all new & existing member schools
- All participating schools, regardless of volume, receive a rebate as all rebate qualifying parameters were removed
- Favorable terms are now available to encourage P-Cards use in Accounts Payable
- Rebate calculator has been increased across all volume bands on a volume scale that now expands to $300 million
- No start-up costs and no costs of any kind to participate in the P-Card program, a tenet of the program since inception
Members with projected purchasing card volume as low as $100,000 annually and a minimum of 10 purchasing cards issued can begin their campus’ phased implementation to the P-Card program. This program will provide access to electronic, on-line purchasing and on-line payment verification.
For the 2010 Update click here
CONTACT:
David Jones, CCCS
615-983-6943
jones@thecoalition.us
Irina Berger,
JPMorgan/Chase
212-270-0674
irina.x.berger@chase.com
- AICUP member participants: 12
- Cost per Transaction Using a P-card: 76% reduction in average cost per transaction vs. traditional purchasing order method
- Total Dollar Volume in PA: $19.8 million, 22% of a national total of $90 million