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New League Endorsed Partner Announces Procurement Card Program
The League with its newest Endorsed Partner, BMO Treasury and Payment Solutions, is pleased to announce a partnership in offering a consortium-based procurement
card program to all its members.
Procurement cards have been widely used for many years by government organizations to reduce invoices, provide better controls than cash and checks, and in many
cases, generate a financial incentive based on program spend and performance.
What are the benefits to your city/county in joining the League's consortium contract?
- No need to go through a lengthy and costly RFP process, as this was completed by the consortium anchor (ILASBO - Illinois Association of School Board
Officials)
- No fees for cards, implementation, program support, or use of online management tool
- No minimum spend requirements
- All programs may earn an annual performance incentive paid directly by the League
- Receive a dedicated BMO support team
- Pick your statement payment terms (Grace Days of 7, 14, 21, or 27)
- Free access to Spend Dynamics, the online administration and reporting tool, allows the reconciliation of transactions with ease. Seamlessly integrate,
reconcile and accurately code transactions into your ERP financial system (order cards, set limits, run reports, etc.)
BMO Financial Group offers a cost-free Payment Card program designed specifically for cities, towns, counties, school districts, and higher education. ILASBO (Illinois Association of
School Business Officials) began this payment card consortium in 2003 for school districts in Illinois. ILASBO has opened up the program to ASBOs in 18 additional states, with more
soon to join. In 2014, the Indiana Association of Cities and Towns (IACT) joined the program as the first anchor for municipalities. The very positive endorsement of the program by
districts and municipalities is just one of the reasons why the program has grown to nearly 1000 entities with a combined spend volume of $375 million. As of November 2016 the League
of Arizona Cities and Towns joined the consortium to serve as an anchor for municipalities in Arizona.
To learn more, contact Ken Strobeck at kstrobeck@azleague.org or 602-258-5786. |
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League of Arizona Cities and Towns
1820 W. Washington St.
Phoenix, AZ 85007
Phone: 602-258-5786
Fax: 602-253-3874
http://www.azleague.org
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