Common use of PROCUREMENT CARD Clause in Contracts

PROCUREMENT CARD. Contractor must accept a Procurement Card as payment for purchases, but may provide a limit on the dollar value it will allow. Authorized Users are encouraged to use a Procurement Card as a primary means of payment. For all purchases executed using a Procurement Card, Contractor shall provide an itemized receipt with each delivery. NYS Statewide Financial System New York State is currently operating on an Enterprise Resource Planning (ERP) system, Oracle PeopleSoft software, referred to as the Statewide Financial System (SFS). SFS is currently on PeopleSoft Financials version 9.0 Bundle 18, operating on PeopleTools version 8.49.33. The State is planning to upgrade to PeopleSoft Financials version 9.2 sometime in 2015. SFS supports requisition-to-payment processing and financial management functions. The State is also implementing an eProcurement application that supports the requisitioning process for State Agencies to procure Products in SFS. This application provides catalog capabilities. Vendors with Centralized Contracts have the ability to provide a “hosted” or “punch- out” catalog that integrates with SFS and is available to Authorized Users via a centralized eMarketplace website. There are no fees required for a Contractor’s participation in the catalog site development or management. Upon completion and activation of an on-line catalog, State Agencies will process their orders through the SFS functionality and other Authorized Users can access the catalog site to fulfill orders directly. The State is also implementing the PeopleSoft Inventory module in the near future to track inventory items within the item master table. Further information regarding business processes, interfaces, and file layouts may be found at: xxx.xxx.xx.xxx and xxxx://xxx.xxx.xxxxx.xx.xx/agencies/guide/MyWebHelp/.