Simplifying With P-Cards

When MediaNews Group, a Denver-based publisher of 54 newspapers with more than $1 billion in revenue, moved purchasing and accounts payable to a new shared service center in Colorado Springs three years ago, the company saw a way to gain efficiencies by upgrading its purchasing card program from a niche offering used primarily for corporate travel and entertainment to a preferred way of making all but large capital purchases.

"We moved 8,000 transactions a month to our p-card program and reduced staff by about six [full-time employees] through natural attrition," explains Linda Bradford, MediaNews' vice president for shared services. That represents a third of the company's payments and 15% of its operating spend, Bradford notes.


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