Gives companies greater flexibility to track, manage purchasing card programs
New York — April 4, 2006 — MasterCard International has updated its Enhanced Merchant Data Reporting (EMR) system, an online merchant reporting tool for purchasing card programs, adding additional tools that allow corporations to create customized data files based on specific reporting needs and giving them the flexibility to better track and manage their card programs.
In addition to providing online access to all purchasing card transactions and enabling automatic reporting on merchant data, the updated MasterCard EMR system provides a range of purchasing card transaction information and reports, such as Spend Summary Reports, Minority Women-Owned Businesses (MWOB) Reports, Form 1099 and Transaction Reports. In these reports, data are provided down to the individual transaction level.
Companies also have the flexibility to determine user access, setting whether an individual or the entire organization can view specific department information. Users can select reporting time periods such as calendar month, quarter, year or other time interval.
The custom reporting tool allows corporations using the MasterCard EMR to determine what data to export, select and/or filter specific data fields, arrange and/or sort the data, designate the file layout and export specific data to develop customized reports.
With this system, merchant and transaction data are retained for 15 months on a rolling basis, and completed reports and files are maintained on the site for three months. Cardholders can download the reports in either preformatted documents or in data files for direct import into a database for further analysis.
More than three million merchants provide information that the MasterCard EMR consolidates by purchasing organization. Cardholders can access the MasterCard EMR and download merchant information associated with their MasterCard purchasing card program. Corporations can specify how the data are aggregated and presented by providing information about their business hierarchy structure, for example, company, division and department.
Today's compliance requirements are forcing corporations to develop rigorous reporting processes for all aspects of their business and, as a result, to improve reporting purchasing departments must have greater flexibility in their ability to track and manage card programs. According to MasterCard, the EMR system is helping corporations manage these processes.
Additional Articles of Interest
— What the year ahead holds for the purchasing card — and why you may want to give your p-card program another look. Read more in "The Net Best Thing: P-Card Update," in the February/March 2006 issue of Supply & Demand Chain Executive.
— Businesses today continue to look for ways to reduce their logistics costs, but in order to identify further costs savings, companies need to tap into new information. The answer? Benchmarking. Read more in "Freight Cost Benchmarking: The Final Procurement Level," in the February/March 2006 issue of Supply & Demand Chain Executive.
New York — April 4, 2006 — MasterCard International has updated its Enhanced Merchant Data Reporting (EMR) system, an online merchant reporting tool for purchasing card programs, adding additional tools that allow corporations to create customized data files based on specific reporting needs and giving them the flexibility to better track and manage their card programs.
In addition to providing online access to all purchasing card transactions and enabling automatic reporting on merchant data, the updated MasterCard EMR system provides a range of purchasing card transaction information and reports, such as Spend Summary Reports, Minority Women-Owned Businesses (MWOB) Reports, Form 1099 and Transaction Reports. In these reports, data are provided down to the individual transaction level.
Companies also have the flexibility to determine user access, setting whether an individual or the entire organization can view specific department information. Users can select reporting time periods such as calendar month, quarter, year or other time interval.
The custom reporting tool allows corporations using the MasterCard EMR to determine what data to export, select and/or filter specific data fields, arrange and/or sort the data, designate the file layout and export specific data to develop customized reports.
With this system, merchant and transaction data are retained for 15 months on a rolling basis, and completed reports and files are maintained on the site for three months. Cardholders can download the reports in either preformatted documents or in data files for direct import into a database for further analysis.
More than three million merchants provide information that the MasterCard EMR consolidates by purchasing organization. Cardholders can access the MasterCard EMR and download merchant information associated with their MasterCard purchasing card program. Corporations can specify how the data are aggregated and presented by providing information about their business hierarchy structure, for example, company, division and department.
Today's compliance requirements are forcing corporations to develop rigorous reporting processes for all aspects of their business and, as a result, to improve reporting purchasing departments must have greater flexibility in their ability to track and manage card programs. According to MasterCard, the EMR system is helping corporations manage these processes.
Additional Articles of Interest
— What the year ahead holds for the purchasing card — and why you may want to give your p-card program another look. Read more in "The Net Best Thing: P-Card Update," in the February/March 2006 issue of Supply & Demand Chain Executive.
— Businesses today continue to look for ways to reduce their logistics costs, but in order to identify further costs savings, companies need to tap into new information. The answer? Benchmarking. Read more in "Freight Cost Benchmarking: The Final Procurement Level," in the February/March 2006 issue of Supply & Demand Chain Executive.
- More articles about MasterCard.
