The Institute of Financial Operations Self-Study Portal

Purchasing card programs have evolved from low dollar maintenance, repair and operation (MRO) transactions to transactions regularly exceeding $125,000 or more. ePayables card programs leveraging virtual cards are the fastest growing area of card usage, even exceeding the volume of cards in the hands of employees. New technology has moved the processing virtual card payments from the suppliers’ control to the buyers’ control. The card associations have even created new interchange rates specifically for virtual card transactions to entice suppliers to accept cards. These rates are much lower than the “large ticket rates”, and if you have not taken advantage of them, you are missing out.

Eliminate payment frustration by learning from ePayables experts who see $125,000 card transactions being processed regularly – in fact you can literally see card transactions being authorized while you watch and the payments being sent to the supplier.

• Understand how to establish or expand an ePayables card program.
• Learn the differences between virtual card programs which are fully automated versus highly manual.
• Expand card payments to include $125,000 capital and inventory purchases.