IV:02:02 Procurement Card
The procurement card (procard) program has been developed to streamline the purchasing process including requisitioning, procurement, receiving, and payment processing for low-value ($5,000.00 or less or as assigned) purchases.
The VSCC Procurement Card Program manual provides the detail instructions of the operating procedures and responsibilities of card holders.
A departmental representative will be selected, by the department head/division dean, to maintain the activity log(s), and post account charges. The division dean/department head must approve each month’s activity log sheets. A web-based system will allow the representative and the department head/division dean to view all charges for their department. When the monthly billing statement is available, the department representative should verify all charges on the monthly billing statement against the activity log(s). Once verified, the representative will enter the appropriate account numbers into the on-line system.
- Reduces Workload — Processing of paperwork is significantly reduced for requisitioning, purchasing, receiving and accounts payable activities. A single electronic bank transaction will replace individual vendors invoices received and checks printed, saving time and money.
- Improved Deliveries and Quicker Information — Without delays in processing requisitions, the purchase is made by the departmental employee. The availability of items, process and ship dates are known immediately.
The Director of Purchasing & Contracts will be administrating the Procard Program.
VSCC Source: July 29, 1999, August 2002, President; May 28, 2004, President’s Cabinet; January 9, 2009, President’s Cabinet