1 / 15

IUC-PG PCard Program

Recommendation Presentation. IUC-PG PCard Program. Administered by Ohio University Presented by Rusty Thomas & Shannon Bruce. Current State. 19 Schools have existing PCard Programs Total Volume $1.25 Billion over a 5 year contract period or $250 M/year Over 8,700 existing card holders

kyne
Télécharger la présentation

IUC-PG PCard Program

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Recommendation Presentation IUC-PG PCard Program Administered by Ohio University Presented by Rusty Thomas & Shannon Bruce

  2. Current State • 19 Schools have existing PCard Programs • Total Volume • $1.25 Billion over a 5 year contract period or $250 M/year • Over 8,700 existing card holders • $2.8 M/year in Collective rebate • 6 different providers serve existing programs • JP Morgan Chase is the dominant provider

  3. IUC-PG PCard Program RFP Overview • Sent to 27 providers • Pre-bid had 9 providers represented • 7 Proposals were received + (5 No Bid) • Top 2 providers JP Morgan Chase and PNC were asked to make oral presentations • The recommendation by the committee is unanimous

  4. Provider Ranking By Rebate

  5. University - JPMC Rebate Proposal

  6. College - JPMC Rebate Proposal

  7. Recommendation Justification Award to JP Morgan Chase There is a rebate increase of over $1.3 M per year or $6.5 M during the initial contract period, compared to the current basis point rebate. Additional income of $125,000 per year rebate or $625,000 during the initial contract period to IUC-PG to fund other program advancements. Eight (8) schools are currently with JPMC - no implementation or technology change is necessary. This allows for a more rapid deployment and immediate member savings. Approximately 2,600 card holders are not affected by the recommendation - JP Morgan Chase is already the issuing bank. Over $111.4 M in annual spend is immediately and positively affected by the recommendation. The additional rebate increase calculated at $466,000 per year. Large ticket item threshold is $7,500 (compared to PNC - $4,500).

  8. Recommendation Justification Award to JP Morgan Chase Ten (10) schools are currently under contract with other providers and will require some level of change to realize increased savings. Approximately 6,100 card holders will be affected by the recommendation Approximately $138.6 M in annual spend must be migrated to obtain savings of approximately $909,000 Implementation team for new schools roll out is prepared JPMC offered $600,000 more than the 2nd place proposal from PNC

  9. Purchasing Card – Industry Rankings JPMorgan is the #1 largest Purchasing Card provider Source: Nilson 6/08 Rankings

  10. TSI Customer Satisfaction Chart JPMC AMEX GE US Bank Works Citi TSI – Treasury Strategies Incorporated – Online Survey of 135 Organizations

  11. Further Recommendations • Establishment of IUC-PG PCard User group • Regional mentoring program to match small startup programs to larger, more mature programs • Small platform rapid startup program

  12. Recommendation to IUC-PG JP Morgan Chase

  13. Biggest Opportunities • Migration Scenario

  14. IUC-PG Contact Information Gene Stephens 330-968-4460 E-mail: es@uakron.edu

  15. Ohio University Contact information Rusty Thomas Business Services Manager 740-593-1968 thomasr@ohio.edu Shannon Bruce Pcard Administrator, Systems Administrator 740-593-1964 bruces@ohio.edu

More Related