Consider P-Cards to Directly Enhance the Bottom Line

In efforts to increase transparency, manage demand, and streamline back-office operations, law firms are looking at automation opportunities within the procure-to-pay cycle. A well-defined Purchasing Card ("P-Card") program is one tool available to law firms which requires little or no upfront investment, yet yields many of the controls, efficiencies, and transparencies that law firms and their clients seek.

21 minute read January 30, 2009 at 10:08 AM
By
John H. Hutchinson
Consider P-Cards to Directly Enhance the Bottom Line

The economic environment is driving a healthy review of cost structure and process across all industries, and law firms are not exempt. In our industry, reduced acceptance of pass-through expenses by clients, staff reductions, and revenue/profit pressure are catalysts for change in how law firms interact with their suppliers.

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