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1.2 BENEFITS

The use of the Card will:

- Allow employees to obtain many goods and services much faster and easier;
- Significantly reduce paperwork and processing time in the employee's department, as well as in Accounts Payable and Purchasing;
- Provide cost savings through consolidated payment (one monthly payment to the State of Maryland by the University versus multiple supplier payments).

Important benefits for suppliers include:

- Receiving payment in three (3) business days.
- Elimination of after-sale invoicing and collection activities.
- No additional applications or paperwork necessary if they are already Visa merchants

 

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