The transactional or process cost, of using traditional procure-to-pay process - often involving a requisition, purchase order, invoice and payment - is the same regardless of the amount of the purchase.  In other words, the process cost of a R200 purchase is the same as a R10,000 purchase.  Often, the process cost exceeds the value of the item being aquired.

Most organizations recognise that a large number of payments are made for low-value items to a large number of suppliers - a costly, inefficient process.  When the payment method is switched from the traditional process to a Procurement Card, efficiency savings range from 55% to 80% of the traditional process cost.

Our prepaid procurement card can typically be used for:

  • Travel and Entertainment (T&E) expenses
  • Fleet Card to pay for fuel, maintenance, repair and related expenses on vehicles
  • Petty Cash

The prepaid procurement card is linked to an administrative and internet banking system, enabling a secure payment structure.  The software facilitates switching and processing of transactions and this process is accredited by Mastercard, Bankserv and the SARB.
 

Payroll Card Benefits

  • Employer Benefits
  • Employee Benefits

  • Safety: Reduces the high risk of having to pay salaries and wages by cash.  Staff will never have to carry cash around and if the card is stolen it can easily be cancelled and replaced.
  • Reduced Payroll Administration: The employer controls employee account numbers, therefore you will not experience any payroll rejections and reconcilliations.
  • ALL employees qualify: No credit checks required for the employee.
  • Single Payroll Transfer: The payroll is transferred via a single electronic funds transfer (EFT) in the form of a bulk load.
  • Reduced Cost: BITTS Payroll can significantly reduce the cost of distributing, transferring and reconciling the payroll.  The payroll transfer costs can be reduced by up to 50%.
  • Customer Services 24/7: Dedicated customer support is available 24 hours a day, 7 days a week in English, Afrikaans, Zulu and Sotho.
  • PIN Security: All transactions are secure and authorised by a Personal Identification Number (PIN), which virtually eliminates fraudulent transactions.
  • Effective Administration: Employers manage distribution of funds through an intuitive, easy to use secure web site.

  • Everybody qualifies - no credit checks.
  • The prepaid debit card can be used at any point of sale (POS) and ATM showing the MasterCard logo locally and internationally.
  • Employees have full control over your account using the reports available.
  • All employees qualify for internet banking services.
  • Employees can easily distribute funds to family members, by simply subscribing to additional cards on their account.
  • Employees have immediate access to their salary on payday.
  • PIN-secure cards are much safer than carrying cash.
  • Access, balance and other information are available 27 hours a day, 7 days a week.
  • Dedicated customer support is available 24 hours a day, 7 days a week in English, Afrikaans, Zulu and Sotho.