Weidenhammer constantly looks for ways to improve and enhance its alio suite of financial management software. Another enhancement available to alio customers will be the P-Card.
A purchasing card (or P-Card as it is known) is a form of company charge card that allows goods and services to be purchased without utilizing a traditional purchasing process.
P-Cards are issued to employees who are expected to follow their organization’s policies and procedures related to P-Card use, including reviewing and approving transactions according to a set schedule (at least once per month). The organization can implement a variety of controls for each P-Card. For example, single-purchase dollar limits, monthly limits, merchant category code restrictions, and so on. In addition, someone in the organization that is independent of the cardholder should periodically review a cardholder’s P-Card activity.
The alio P-Card System is a system that processes credit card payments. The payments are completed in the system, approved, and then loaded as accounting entries. The system allows reporting of information through standard reports and queries.