Improve processes to reduce purchasing costs

American Express® Corporate Purchasing Solutions can streamline your purchasing processes and provide quantifiable benefits for your business.

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PROCESS IMPROVEMENT

Purchasing Processes

The American Express Purchasing Process and Automation Study1, produced in conjunction with Ernst & Young Management Consulting, demonstrates that the average cost to process a single purchase order can be reduced from US$90 to US$22 by using the American Express® Corporate Purchasing Card. These savings are achieved through decentralised ordering, receiving and reconciliation processes as well as reduce invoice processing by your accounts payable department.

This streamlined approach can help you:

  • Lower purchasing costs by up to 75%1
  • Improve control over your purchasing
  • Simplify data management and regulatory compliance processes
  • Increase employee productivity

Billing and Payment Processes

Under traditional procurement methods, approximately 36%1 of the total cost of order processing is associated with billing and payment. American Express Corporate Purchasing Solutions simplify this process by enabling you to consolidate expenses and make one payment. This reduces the costs associated with billing and payment by up to 96%1.

1 The Purchasing Process and Automation Study 1999 American Express and Ernst & Young