A Note from Jeff Felser
As your Treasury Management service provider, we're always looking for ways to add more value to our relationship with you. That's why we developed Payment Solutions News. It's a new way to bring you relevant payment industry information.
Throughout the year, you'll receive timely articles and insights designed to help you optimize your payments processes. You'll also find success stories, like the one in this issue, featuring Baltimore AirCoil and how it expanded vendor participation in its purchasing card program.
You can count on us for timely, strategic ideas, advice and solutions to help you achieve your goals.
Senior Vice President
Baltimore AirCoil (BAC), a division of Amsted Industries, increased Vendor Participation in its Purchasing Card Program, establishing a best practice for the entire organization.
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INSIGHTS FROM VISA
Optimize your payment program and build your bottom line
Reduce costs. Better control and compliance. Greater spend visibility. With Visa Program Optimization, we can help you identify opportunities to realize all of these benefits.
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PRODUCT SPOTLIGHT: PNC Visa® Commercial Card
Create purchase efficiencies and reduce costs
Enjoy a complete end-to-end solution for all your purchasing and travel-related expenditures. With the PNC Visa Commercial Card, you can assign transaction and dollar limits for each cardholder, automate your reconciliation process and much more. And since your account is paid in full each month, there are no interest charges.
Achieve measurable results with a clear payment strategy
Creating a well-defined payment strategy starts with streamlining your payment process. Focus on increasing efficiency in areas such as overall card spend, order placement, payment, cost savings and sourcing. Doing so will help you reduce costs, improve cash flow, and save paper by maximizing card spend.
ACHIEVEMENT IN NUMBERS REDUCED COSTS $350,000
By moving all transactions under $1,500 to a purchasing card, a $7.5 billion company realized over $350,000 in process savings.*
Look for PNC at these upcoming events:
IAPP Fusion 2010
May 9 - 13 Dallas
May 13 Philadelphia
May 16 - 19 Myrtle Beach
Windy City Summit
May 19 - 21 Chicago
APA Annual Conference
May 25 - 29 Washington, DC
NY Cash Exchange
June 2 - 4 New York
August 8 - 11 Houston
Circle City Conference
August 23 - 25 Indianapolis
Mark Your Calendars!
2010 Commercial Card User Group, Chicago on September 29 - October 1
Join PNC for a comprehensive industry overview including client presentations, keynote speakers, education breakout sessions, networking and more.
Join Visa and CFO.com on June 8, 2010 for a Webinar
Best Practices for Gaining Greater Visibility Into and Control Over Meetings Expenditures presented by Kevin Buckholtz, Senior Business Leader, Visa Commerical Solutions.
To learn more, contact us today or call Melinda Jensen at 216-222-7999.
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Banking and lending products and services and bank deposit products are provided by PNC Bank, National Association, a wholly-owned subsidiary of PNC and Member FDIC. Lending products and services, including card services, as well as certain other banking products and services, require credit approval.
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