Procurement Card - Overview
The JPM Chase VISA Purchasing Card offers the State University of New York campuses an alternative procurement method when making small dollar purchases. The program as implemented at SUNY is known as the Procurement Card. The program is intended to afford SUNY campuses the opportunity to streamline their local procedures and controls for procuring goods and services. Proper use of the Procurement Card can reduce the time between requesting, ordering, and actual receipt of goods and services. Additionally, the Procurement Card program reduces the volume of accounts payable transactions and the associated administrative costs by eliminating supplier invoices and consolidating multiple supplier payments into one monthly voucher payment to the Office of the State Comptroller. Operation of the SUNY program follows the basic New York State Procurement card SUNY guidelines as established by the Office of General Services. New York State is liable for authorized charges made using the card. Procurement cards must be used for "official" SUNY purchases only. Use of the card for personal items, cash advances and business travel expenses are not permitted. Use of the Procurement Card is limited to items/transactions set by the Provost or V.P for Administration and Finance, typically $2500 or less (excluding freight). All shipments are to be delivered to the designated cardholder.