The main objective of the GPC is to provide an efficient method of purchasing and paying for low value, non-recurring goods and services which reduces the disproportionate time, effort and associated paperwork (and therefore cost) required when raising and processing large numbers of low value purchase orders, invoices and payments. In addition, suppliers also benefit by being paid (by JP Morgan) a few days after despatching the after dispatching the goods or delivering the services, which improves their cash flow and reduces their credit control costs.
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Each card has a designated monthly and individual transaction limit. You will be informed of these limits upon receipt of card. In exceptional circumstances and at the discretion of the Card Executive, requests to change these limits may be approved where there is a sound business need identified by either the Cardholder or the Procurement Department. The Credit Limit Increase application form can be found at PROCUREMENT CARD – CREDIT LIMIT INCREASE APPLICATION Procurement Card - Credit Limit Increase application, and should be completed by the Cardholder and Card Officer and authorised by the Card Executive.
JP Morgan issues new cards to the Card Controller for despatch to the Cardholder. The card ‘P.I.N’. can be sent directly to the Cardholder, for security reasons. Each Card is issued to a nominated individual Cardholder and is embossed with the card number, valid from and expiry dates, RoS company name and the Cardholders name.
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