Purchase Cards: Increased Management and Oversight Could Save Hundreds of Millions of Dollars
Abstract
Governmentwide efforts to promote increased usage of purchase cards for small and routine purchases have dramatically increased the number of purchase card accounts and spending. The use of a well-controlled purchase card program is a useful tool in streamlining the governments acquisition processes and providing agencies flexibility to make small and routine purchases. However, improvements in program management and oversight could save hundreds of millions of dollars by (1) strengthening controls and monitoring transaction activity to minimize fraudulent, improper, and abusive purchase card transactions and (2) leveraging the governments buying power to achieve discounts with frequently used vendors.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 28, 2004
- Accession Number
- AD1179248
Entities
People
- David E. Cooper
- Gregory D. Kutz
- John J. Ryan
Organizations
- United States Government Accountability Office