Treasury Management Services
Compass Purchasing Card
Streamline your entire purchasing and accounts payable process by using the Compass Purchasing Card. This card is a Visa branded credit card that centralizes invoices, payments and reporting for corporate and government entities.
Service Benefits
- Enhanced management control of spending
- Electronic reporting options allow you daily access to card transactions to analyze expenditures more efficiently
- Improved vendor management and consolidation
- Add new cards and update existing accounts via secure Internet access
- Spending limits may be specified per employee
- Purchases can be blocked at specified merchant categories
- Limits may be placed on daily, monthly and single transaction amounts for individual card accounts
- Visa offers, at no extra charge, the Visa Liability Waiver Program to protect businesses from eligible losses that might be incurred through card misuse by a terminated employee
- Streamlines administrative expenses, reduces processing cost for low-dollar goods and services (same cost to process a $50 check as a $1,000 check)
- Reduces payment cycle times
- Empowerment of employees to make purchasing decisions in a controlled manner
- Flexibility exists for the consolidated statement’s cut off date
System Requirements
Compass CentreSuite supports Microsoft Windows operating systems and browser versions of Internet Explorer 5.5 or higher. However, Internet Explorer 6.0 is recommended. The browser must be java-script enabled and must have cookies enabled. The monitor resolution must be a minimum of 800 x 600, although 1024 x 768 is recommended. The connection speed must be at least 56 kbps and T1 connectivity is recommended for any Program Administrator.
