CHM Purchasing - Purchasing Cards

Please review this list of pros and cons to decide if applying for a Purchasing Card is right for you:

What's the difference between a Purchasing card and the Department card?

  • The purchasing card is intended for low-dollar, best-judgment purchases to be paid directly by the University. The card is assigned to a specific UW–Madison employee and may only be used by that individual. 

  • The department purchasing card is similar to a purchasing card; however, with additional approvals and documentation requirements, the Department Purchasing Card can be used by both the cardholder and other authorized purchasers.

  • More details on the Business Services Webpage

Pros

  • Don’t need to check out department card/faster purchasing time frame

  • Use for repetitive, low-dollar study-specific purchases (eg. Craigslist recruitment posts)

Cons

  • Mandatory Training (Initial and yearly thereafter)

  • Responsible for knowing and following purchasing policies and procedures

  • Must reconcile own purchases within 30 days

  • Additional time commitment/administrative burden

Important Considerations

  • You must check ShopUW+ (SUW+) first for item/s - and are required to purchase there if available

  • Under $5k purchases only are allowed on Pcard (if item not available on SUW+)

    • This means $4999 and below
  • CANNOT SUPERSEED RULES! (2 infractions within 1 year you lose your card privileges)

  • Review L&S PCard Quick Guide and CHM Purchasing Card Policy

Next steps...

If you are still interested in pursuing a Pcard, per the CHM Purchasing Card policy, please email chm_purchasing@chm.wisc.edu to set up a meeting with Brittany, Deb, Sarah to discuss.

But wait! What are the benefits of just continuing to use the Department Purchasing Card??

  • No need to know purchasing policies

  • You don’t have to reconcile the purchase 

    • Upload documentation

    • Assign funding

    • Clear business purpose

  • Not responsible for maintaining a business purchasing account (i.e. Amazon)

 



Keywords:
purchasing card, pcard 
Doc ID:
141600
Owned by:
Sarah K. in Center for Healthy Minds
Created:
2024-09-05
Updated:
2024-10-01
Sites:
Center for Healthy Minds