What is purchasing card in SAP (EPM-SA - SAP Spend Performance Management)?

SAP Term: purchasing card

• Component: EPM-SA

• Component Name: SAP Spend Performance Management

• Description: A purchasing or commercial card transaction list, which lists the low- cost, non-inventory, non-capital items, such as office supplies.

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• Key Concepts: 
  Purchasing card (P-Card) is a payment method used in SAP Spend Performance Management (EPM-SA). It is a type of corporate credit card that allows companies to make purchases from approved vendors without having to issue a purchase order. The P-Card is linked to the company’s bank account and can be used to pay for goods and services.
  
  How to use it: 
  To use the P-Card, the company must first set up an account with an approved vendor. Once the account is established, the company can then issue a P-Card to its employees. The employee can then use the P-Card to make purchases from the approved vendor. The purchases are then charged to the company’s bank account.
  
  Tips & Tricks: 
  When using a P-Card, it is important to keep track of all purchases made with the card. This will help ensure that all purchases are properly accounted for and that no unauthorized purchases are made. Additionally, it is important to ensure that all purchases are made from approved vendors and that all invoices are paid on time.
  
  Related Information: 
  The SAP Spend Performance Management (EPM-SA) module also includes other payment methods such as e-invoicing, direct debit, and electronic funds transfer (EFT). Additionally, EPM-SA provides tools for managing supplier relationships, tracking spend data, and analyzing spend trends.