Browse Definitions:

procurement card

Contributor(s): Matthew Haughn

A procurement card is a type of company charge card used for smaller purchases to achieve greater cost efficiency, control and convenience. Procurement cards are also known as purchasing cards, P-Cards or PCards.

Procurement cards can be tied to either a credit card or a bank account. The bank that manages a procurement card will issue payments to payees within days, while providing monthly invoicing to the client company. Procurement cards offer greater cost efficiency over traditionally paid purchase orders because they avoid the more time- and resource-intensive purchase order process, which involves more employees creating and reviewing documentation and invoices and issuing checks.

Security measures for procurement cards include setting per-purchase and per-month dollar limits. P-Cards may also feature spending restrictions for the types of purchases allowed and merchant category codes that define where purchases can and cannot be made. The card issuer usually sends the client organization an single invoice for all transactions at regular intervals; employee purchases are typically reviewed on a monthly basis.

This was last updated in May 2016

Continue Reading About procurement card

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.


File Extensions and File Formats

Powered by:


  • risk map (risk heat map)

    A risk map, also known as a risk heat map, is a data visualization tool for communicating specific risks an organization faces. A...

  • internal audit (IA)

    An internal audit (IA) is an organizational initiative to monitor and analyze its own business operations in order to determine ...

  • pure risk (absolute risk)

    Pure risk, also called absolute risk, is a category of threat that is beyond human control and has only one possible outcome if ...


  • federated identity management (FIM)

    Federated identity management (FIM) is an arrangement that can be made among multiple enterprises to let subscribers use the same...

  • cross-site scripting (XSS)

    Cross-site scripting (XSS) is a type of injection security attack in which an attacker injects data, such as a malicious script, ...

  • firewall

    In computing, a firewall is software or firmware that enforces a set of rules about what data packets will be allowed to enter or...




  • all-flash array (AFA)

    An all-flash array (AFA), also known as a solid-state storage disk system, is an external storage array that uses only flash ...

  • volume manager

    A volume manager is software within an operating system (OS) that controls capacity allocation for storage arrays.

  • external storage device

    An external storage device, also referred to as auxiliary storage and secondary storage, is a device that contains all the ...


  • hybrid hard disk drive (HDD)

    A hybrid hard disk drive is an electromechanical spinning hard disk that contains some amount of NAND Flash memory.