Companies Can Now Benchmark Programs to Drive Efficiency and Cut Costs with the MasterCard(R) Purchase Optimizer.PURCHASE, N.Y. -- Easy-to-Use Online Diagnostic Tool Delivers Comprehensive Analysis and Actionable Giving sufficient legal grounds for a lawsuit; giving rise to a Cause of Action. An act, event, or occurrence is said to be actionable when there are legal grounds for basing a lawsuit on it. Information for Corporate Travel, Purchasing, Fleet and Multi Card Programs in Less Than 30 Minutes MasterCard MasterCard Worldwide (NYSE: MA) is a mutinational corporation based in Purchase, NY in the United States. Throughout the world, its principal business is to process payments between the banks of merchants and the banks of purchasers that use its "Mastercard" branded debit- and Worldwide today announced the launch of the MasterCard(R) Purchase Optimizer Hardware or software that improves performance. See defragment and disk management. , an online interactive diagnostic tool that enables companies to evaluate their travel, purchasing, fleet and multi card programs by benchmarking
Benchmarking (also "best practice benchmarking" or "process benchmarking") is a process used in management and particularly strategic them against industry practices, and provides feedback to help them promote efficiency and cut costs. The diagnostic tool is powered by AberdeenGroup Inc., a Boston-based research organization, based on its analysis on the practices of hundreds of comparable companies. The result is a comprehensive report with actionable information that enables companies to improve their existing corporate travel, purchasing, fleet and multi card programs. "Research shows that, in their implementation and execution, most card programs have a lot of room for improvement, and as a result, organizations are missing out on millions of dollars in potential savings," said Marcie Verdin, Group Head, Commercial Payments, MasterCard Worldwide. "This is the first tool to take the guesswork out of program evaluation Program evaluation is a formalized approach to studying and assessing projects, policies and program and determining if they 'work'. Program evaluation is used in government and the private sector and it's taught in numerous universities. , and help program administrators achieve greater efficiencies through streamlined processes. In fact, our research shows that companies could save an average of 9% of their overall T&E budget through improvements in policy enforcement and better leveraging of travel data in vendor negotiations." To complete the online interactive evaluation, a company program manager must provide basic information about the company's travel, purchasing, and fleet card programs via the online questionnaire questionnaire, n a series of questions used to gather information. questionnaire, n a form usually filled out by patients that provides data concerning their dental and general health. . Program administrators at companies with more than one program --for example, fleet and corporate travel -- can input data for each of their card programs into the tool. The MasterCard Purchase Optimizer then analyzes that information against best practices from hundreds of companies to instantly deliver: --Analyses of the current state of the travel, purchasing and/or and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. fleet card program --Information regarding financial opportunities --Actionable feedback towards further program improvements Programs are evaluated against key success factors in categories such as administration, compliance, deployment and vendor management. The comprehensive and statistically relevant analyses are informed by AberdeenGroup's assessment of hundreds of payment card programs across multiple industries. Following the completion of the online evaluation, consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: and customized reports are emailed to the company's card program contacts. Companies that wish to use the MasterCard Purchase Optimizer can download it "Download It" is Clea's debut single. It was released in the UK on September 22, 2003 and missed the top 20 charting at #21. The single had average promotion, being performed in shows like Top of the Pops. for free from www.mastercardbusiness.com. To gain deeper access to the tool, interested program administrators should contact their corporate travel, purchasing, fleet and multi card issuers. Ms. Verdin continued, "As an additional benefit, this tool will also help facilitate an important dialogue between companies and their card issuers and allow companies to take greater advantage of all of their existing programs. Its development is an illustration of our commitment to helping all companies take advantage of untapped opportunities for profit." About MasterCard Worldwide MasterCard Worldwide advances global commerce by providing a critical economic link between financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes close to 14 billion payments each year, and provides industry-leading analysis and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to financial institution customers and merchants. Through its family of brands, including MasterCard(R), Maestro (1) (Maestro NT) An earlier name for scheduling software for Windows NT from Tivoli Systems, Inc. When IBM acquired Tivoli in 1996, the program was renamed IBM Tivoli Workload Scheduler. (R) and Cirrus(R), MasterCard Worldwide serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercardworldwide.com. About AberdeenGroup AberdeenGroup is the technology-driven research destination of choice for the global business executive. AberdeenGroup has over 142,000 research members in over 40 countries around the world that both participate in and direct the most comprehensive technology-driven value chain research in the market. Through its continued fact-based research, benchmarking, and actionable analysis, AberdeenGroup offers global business and technology executives a unique mix of actionable research, KPIs, tools and services. For more fact-based research go to www.aberdeen Aberdeen, former county, Scotland Aberdeen, former county, Scotland: see Aberdeenshire. Aberdeen, city, Scotland Aberdeen, city (1991 pop. .com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion