UOB Visa/MasterCard Purchasing Card

Where you are:

Corporate Banking
Credit Cards

The UOB Purchasing Card is a credit and payment card designed to replace the traditional purchase order and payment process for low-value items. It can help you achieve savings of up to 70% through the streamlining of purchasing processes and reduction of processing costs.

Benefits

Corporate
- Allows designated employees to buy business-related, small-dollar value goods and services directly from suppliers, thus eliminating the vast amount of paperwork usually needed for requisitions, purchase orders, invoices and supplier payments
- Channels resources to engage in more productive activities such as supplier management
- Has built-in authorisation check and control features that can be customised to meet the specific needs of the organisation, including setting spending parameters and transaction limits as well as supplier blocking, i.e., restricting cardholders from purchasing at certain retail sectors
- Provides a comprehensive Management Information System (Visa Information Source / Smartdata.gen2) that generates reports on company, cardholder and supplier spending and provides analysis for planning, control and supplier negotiation
- Enhanced savings with a General Ledger Interface file to your ERP system
Cardmember
- Empowered with authority to purchase
- Simplified Process
- Faster Delivery Cycle
Supplier
- Guaranteed Payment
- Outsourced Account Receivables
- Faster Payment Terms - 2 days versus 2 months
- Reduced Administrative/Collection Costs
- Incremental Business

Corporate Banking

UOB Visa/MasterCard Purchasing Card

Benefits

More Information

Useful Information