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Purchase cards, offer companies the means of closely tracking spends on categories like utility payment, office supplies, etc., while providing a faster and more efficient payment process.



Companies that rely mainly on manual methods of payment often see higher processing costs and a lack of visibility in the spends categories, while companies using purchase card have been able to achieve an average of 10-16% savings in overall costs, according to the Aberdeen Group study 2005. Better data tracking and analysing capability leads to improved sourcing and negotiating.



ICICI Bank purchasing solution offers an opportunity to reduce processing cost, while streamlining administrative function around the payment process.