Resolve will allow anyone to put their p-card program to work for them.
(Vocus/PRWEB) February 02, 2011
Managing your purchasing card program will be simpler and safer than ever before with Resolve from Solvit Software. This innovative solution makes managing p-card transactions more efficient and gives companies more safeguards against fraud.
“We hear time and again from our clients that they can’t imagine running their p-card program without Resolve,” says Cory Tellbuescher, Director of Sales for Solvit Software. “It saves them both time and money, and that’s invaluable.”
Resolve removes the inefficiencies from traditional p-card models in which employees make purchases then initiate a labor-intensive, paper-driven approval and reconciliation process. “Now with Resolve, it’s an automated process,” says Mike Herndon, Director of Procurement and Contract Services at University of Southern Mississippi (USM), who uses Resolve in his office. “Cardholders can expense a transaction and upload the receipt. The budget authority logs in and reviews the transaction. We get a nightly feed of all approved transactions into our general ledger. Resolve has taken a lot of the manual labor out of the process.”
Because Resolve streamlines the process so significantly, clients use their p-cards much more. Before USM began using Resolve, its average monthly spend was $300,000 on p-cards. With Resolve, that number more than tripled to $1 million per month. In turn, the University’s bank rebate check also skyrocketed. “The additional controls Resolve provided allowed us to use our p-cards in many more situations than we had before,” says USM’s Herndon. Tellbuescher explains, “Resolve sends automatic e-mail notifications when someone uses his or her card, so cardholders can more quickly expense their transactions.”
Solvit Software configures Resolve for each client’s specific needs. “We work in K-12 school systems, universities, and Fortune 100 and 500 companies,” Tellbuescher says. “Resolve will allow anyone to put their p-card program to work for them.”