2. Benefits

The use of the P-Card will:

2.1  Improve Chicago State’s purchasing process by allowing employees to obtain certain goods and services faster and easier;

2.2 Enable employees to be more efficient and to focus on the value-added aspects of their jobs;

2.3 Significantly reduce paperwork and processing time in obtaining goods and services;

2.4  Provide cost savings through consolidated payment (one monthly payment to J.P. Morgan Chase versus multiple vendor payments); and

2.5 Allow prompt payment to the vendor.  Vendor should receive payment within 72 hours of transmitting purchase to bank.

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