114 Procurement Card

114.	Procurement Card - University Only
	There is a separate policy manual for the Procurement Card. Contact Gerry Bull, Procurement Card Administrator at 687-0106, for details. FAX 7-2506.
	The Procurement Credit Card Program facilitates point of demand procurement, giving authorized cardholders the ability to purchase specific goods and services directly from a supplier. The Procurement Credit Card will eliminate the time and effort spent on processing requisitions and expense authorizations, filing of purchase order copies, and the reconciliation of invoices.
	With this authority comes the responsibility for maintaining adequate documentation at the source of the transaction. All documents relating to purchase and receipt of goods must be retained for seven years by the Cost Center Manager/Department Chair.
	The Georgetown University Procurement Card Program is designed to improve efficiency in processing low dollar volume purchases from any vendor that accepts the MasterCard credit card. Many of the University's current suppliers that use the purchase order will accept the MasterCard credit card.