
Designed for medium-to-large businesses and Government entities with significant procurement spend. A Procurement Management Account is assigned to an organisation or business unit rather than individual cardholders, allowing multiple authorised users to transact on the facility.
Features
Streamline corporate procurement
Channel all corporate procurement through a single virtual business
account, lodged with your preferred suppliers.
Control expenses
By centralising your procurement expenditure, you can increase your
buying power and negotiate better rates. You can also enforce your corporate
purchasing policy and keep costs under control.
Greater transparency for expense reporting
Enhanced data on travel related transactions can be requested from
your preferred travel suppliers*. This data can include: flight path, passenger
name, class, car hire model/distance, tax applied and much more.
Reduce costs
Because your balance is paid automatically from your nominated account
each month, you’ll pay no interest on purchases, with up to 31 days interest
free.
Simplify reconciliation
Detailed reporting makes it easy to reconcile, analyse and
forecast procurement expenses. Use reports to negotiate preferential supplier
rates or volume related discounts.
As well as electronic reports designed for easy compatibility with your business systems, you’ll receive access to MasterCard’s global, web-based system that tracks individual cardholder activity in detail.
Protect your business and staff
Users are automatically covered by:
Create a complete solution
Combine your Procurement Management Account with a Commonwealth Bank Corporate
Charge Card or Corporate
Credit Card to create a complete solution for business expenses.
Important information about advice
* MasterCard receives enhanced data from selected travel-related
merchants. Clients must have an agreement with a preferred travel supplier and
authorise them to pass the enhanced data to MasterCard.
As this advice has been prepared without considering your objectives,
financial situation or needs, you should, before acting on the advice, consider
its appropriateness to your circumstances.
All products mentioned on this web page are issued by the Commonwealth Bank of
Australia; view our Financial Services Guide (PDF 59kb). View Product
Disclosure Statements (PDSs) for Electronic Banking (PDF 135kb) and CommBiz (PDF 325kb) and consider them before making any
decision about these products.
Applications for finance are subject to the Bank’s normal credit
approval. Full terms and conditions are included in the loan offer. Bank
fees and charges may apply.



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