0. League of Arizona Cities and Towns
Payment Card Consortium
August 24, 2017

1. BMO’S SUPPORT FOR YOUR ORGANIZATION
TREASURY & PAYMENT SOLUTIONS – Card Payments
Bryan Barger
Managing Director
(312)
Kevin Noren
VP, Senior Relationship Mgr
(541)
Tonya Bragg
Sr. Sales Associate
(312)
Institutional Markets Government Banking
John Mattern
Managing Director
(312)
Mark Mitrovich
Director
(312)
Chris Daly
Officer
(312)
REQUIRED
Review these points briefly as part of the introductions – focus on your role in BMO – Treasury and Payment Solutions

2. Purchasing Card Overview
BMO Purchasing Card allows you to manage your ongoing purchasing requirements while enhancing control and spend visibility. Leverage your organization’s ability to manage procurement spend policies, drive significant cost savings, eliminate paperwork, improve spending control and accelerate delivery.
Manage maverick spend through user-defined, custom control mechanisms
Improve efficiency by changing payment from manual invoice and check requisition to purchasing card settlement
Streamline transaction management by enabling the review, reconciliation, modification & approval of transactions 24/7
Ensure policy compliance by providing auditors easy, online access to detailed transaction history
Identify spending patterns via user-friendly, intuitive, standard and ad-hoc reports along with robust data extraction capabilities
Significantly reduce costs associated with authorizing, tracking, processing and reconciling your business purchases
Purchasing transactions can be integrated into your organization’s existing ERP System
BEST PRACTICES
Use Purchasing Card controls including monthly / cycle credit limits, per transaction limits, Merchant Category Code (MCC) blocking and individual supplier blocking
Ensure all policies and audit rules are centralized, substantially decreasing your organization’s exposure to errors or misuse
Eliminate maverick spending and cost overruns to ensure compliance with your organization’s spending policy, budgets and limits
Track vendor spend compliance with contractual terms

3. Purchasing Card Spend in North America

4. Reduce Costs $69.82 (77%) $90.20 (100%) $20.38 (23%)
Average cost reduction
= 77%
$69.82
(77%)
Average cost per transaction = $90.20
$90.20
(100%)
Average cost per transaction = $20.38
$20.38
(23%)
Traditional Purchase Order Method
Purchasing Card

5. Virtual Account
Virtual Card Numbers (VCNs) are randomly generated, unique account numbers associated with a specific payment or use.
There are no plastic cards linked to these accounts.
1:1
Valid for a single use or specified number of uses
Sent to supplier / recipients
RCN
VCN
Mapped to a primary billing number (Real Account Number – RCN)
Only generated when needed

6. Comprehensive Financial and Treasury Solutions
Letter and Lines of Credit
Term Debt
Equipment Leasing and Finance Programs
Working Capital Needs
Risk Management Support
Remote Deposit Capture Tools
Asset and Investment Management
Full Suite of Treasury Products

7. Benefits of LACT Payment Card Consortium
No need to go through a lengthy and costly RFP process
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 LACT (no minimum spend requirements)
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)
Access to multiple payment tools including Pcards, Virtual Cards, Approve 2 Pay, Ghost Cards, Declining Balance Cards, Central Billing Travel Accounts