Citi® Purchasing Card
A world-class Purchasing Card program that optimizes your procurement process. Superior service, unmatched acceptance and comprehensive reporting for all of your campus-related purchases
Use your Citi Purchasing Card for virtually all of your campus-related needs. Whether it's for the chemistry lab or the faculty lounge, your card program will provide per-transaction cost savings over purchase orders, comprehensive program management and reporting tools to help you drive efficiencies and effectively manage your card program.
In today's cost- and time-conscious world, eliminating unnecessary and onerous payment processes isn't just part and parcel of running a good business: it's business-critical.
- Did you know the average savings with a Purchasing Card is over $70 USD per transaction?
- Did you know that you could cut down on back-office processing resources by one FTE per every 18,000 transactions when using a Purchasing Card?
- Did you know that leveraging the consolidated data provided by a Purchasing Card program results in an average of 2.2% savings per vendor?
- Did you know that with a Purchasing Card, fraud drops to less than a thousandth of a percent?
That's why the Citi Purchasing Card isn't just the smart payment option, but the only payment option for those who want an efficient, highly effective solution that streamlines their entire enterprise-wide procurement system.
Your Citi Purchasing Card program enables you to:
- Monitor and control spending, transaction and merchant limits for each card
- Visibility into spend – by department
- Streamlined procurement
- Access timely, centralized data
- Audit and tailor your program to enforce your policies
- Ensure your program is optimizing applicable sales tax exemptions
- Develop an overall strategy for decreasing expenses
- User-friendly reallocation tool
The Citi Purchasing Card offers you an ever-growing list of options. Purchase supplies to keep your business running smoothly. Purchase equipment to accommodate your growth. Purchase services (legal, consulting, marketing) to position your company for success. If you need it for your business, you can purchase it with a Citi Purchasing Card. That means less paperwork, fewer limitations and more flexibility.
With its extensive built-in controls and data capture capabilities, the Citi Purchasing Card can help you:
- Reduce processing costs associated with paying for low-value/high-volume expenses
- Make one payment per month instead of thousands
- Report on your expenditures by business, department, merchant or cardholder
- Employ various levels of control and deploy a consistent, business compliant process
- Capture VAT-reclaim information
Citi is committed to providing online management and reporting solutions that seamlessly integrate with your financial systems. Citi's online program-management portal, CitiManager®, helps you manage your purchasing program more effectively and grants you access to Citi's proprietary reporting system, from which you can view and analyze all of your program data. And with access to your global spend data, you can more easily make informed decisions and comply with local regulations.
- Our Custom Reporting System captures data consolidated from programs around the world so you can generate customized reports using information derived from 600+ individual data elements
- Citi Standard Reports provide cardholder and account data, vendor analysis and reports tailored to your specific sales tax and accounting functions
- Citi Dashboards highlight your company's spending trends, putting the tools and analytics necessary to fully understand your business right at your fingertips
When you partner with Citi, your business works the same in Boston as it does in Bulgaria. That's because we operate our own local-currency Card program in more than 50+ countries worldwide. We never use third-party alliances to do work we know we can do better. Because we support everything from Card implementation and ongoing program administration to program expansion, you and your cardholders are assured consistent products and services, wherever you do business.
When you do business around the globe, you need processing systems that work consistently everywhere you go. Our global unified technology is a fully integrated solution, powered by Citi managed systems that will work wherever you work. This best-in-class technology allows us to deliver the highest level of data uniformity available – anywhere – in an environment that ensures security and integrity at all times.
Citi has earned a reputation as a provider of best-in-class customer service. Whether you need to reengineer a program, or establish a brand new one, your Citi account team is ready to help you. No matter where you are in the world, our team of professionals can offer solutions for all of your account needs.
As with all Citibank® Commercial Cards, our Purchasing Card offers information management solutions that seamlessly integrate with your financial systems, making it easier to enforce card usage policies and better understand spending patterns, as well as helping government organizations comply with local regulations. Take advantage of:
- Standard Reports: Monthly, quarterly or annual reports, designed to meet your management and accounting needs, include cardholder and account data, vendor analyses, sales tax information and more
- Citibank® Custom Reporting System: An easy-to-use application lets you choose the data you need from more than 600 data elements to create customized reports
- Citibank® Electronic Reporting System: For receiving and managing files and reports online
- CitiDirect® Card Management System: Advanced technology for online card program management, reporting and analysis
- Citibank® Online Statements: Online access to account statements for streamlined review and payment