iuc-pg pcard program
DESCRIPTION
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 - PowerPoint PPT PresentationTRANSCRIPT
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Recommendation Presentation
Administered by Ohio UniversityPresented by Rusty Thomas & Shannon Bruce
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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
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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
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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).
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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
recommendationApproximately $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 $600,000 more than the 2nd place proposal from
PNC
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Volume in Billions ($US)
Purchasing Card Volume - Top 10 Issuers
JPMorgan is the #1 largest Purchasing Card provider
Source: Nilson 6/08 Rankings
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JPMorgan Chase vs. the Competition All Categories (1 = Poor, 5 = Excellent)
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1.5
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DataIntegration
Reporting SoftwareEase of Use
HierarchyMgt.
Account Mgt. Controls CustomerSupport
Ave
rage
Rat
ing
Works
Citi
AMEX
US Bank
GE
JPMC
TSI – Treasury Strategies Incorporated – Online Survey of 135 Organizations
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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
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JP Morgan Chase
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Migration Scenario
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Rusty ThomasBusiness Services Manager
Shannon BrucePcard Administrator, Systems
Administrator740-593-1964