Manage your procurement spend with a Purchasing Card
- Manage spending more effectively
- Improve operating efficiencies
- Enhance employee convenience
- Improve spending control
- Drive cost savings
- Eliminate paperwork
- Manage your card program with a robust online reporting and management tool
Features
Conveniently manage your ongoing procurement requirements.
- Empower your employees to make purchases when they need to, while maintaining corporate accountability
- Improve security through BMO's powerful Purchasing Card controls, such as: monthly/cycle credit limits, per transaction limits, Merchant Category Code (MCC) blocking, individual supplier blocking and more
- Preserve your organization's existing investment: purchasing transactions can be integrated into your organization's existing Enterprise Resource Planning (ERP) system
- Comprehensive data capture: suppliers with upgraded systems are able to provide incremental data, including sales tax amount, tax ID number and in many cases, the full line-item detail
- Declining Balance option is available to facilitate and control employee spending for a particular project, or to assist departments or employees with a fixed budget on a specific corporate spend initiative. This functionality depletes credit availability as purchases are made and the available credit does not replenish when payments are applied
- Department Cards issued in the name of a department, are cardless accounts which help centralize spend
- Corporations have the ability to leverage multiple product offerings such as Travel & Entertainment Card and Fleet Card to meet all your business expense needs
Benefits
Empower your employees while increasing your security.
- Greatly reduce cumbersome back office processes by shifting payment from manual invoice and cheque requisition to efficient purchasing card settlement
- Reallocate internal resources to more productive tasks within the organization
- Global acceptance: BMO Purchasing Card is accepted at MasterCard®* merchants and at millions of ATMs worldwide
- Global 24/7 access for emergency (lost or stolen) card replacements
- Reduce maverick spending and cost overruns to ensure compliance with your organization's spending policy, budgets and limits
- Improved supplier negotiations: centralized data on all expenditures
- Ensure your corporation is protected from unauthorized and non-business expenses, mitigate risk and protect against employee misuse
Related products
Approve2Pay®
More control and purchasing flexibility with our buyer-initiated payment solution.
Learn more
Compare Corporate Cards
Choose up to four Corporate Cards to see how each lines up to the needs of your business.
®* MasterCard is a registered trademark of MasterCard International Inc. Used under license.