PCard Office and Controller does not require any significant effort with reviewing, handling and/or retaining PCard statements.
- Monthly bank statements have evolved to be less significant. This resulted from statements no longer containing sensitive Univ data, and, system enhancements for end-to-end electronic reallocation / review.
- Statements are redundant information and only lists transactions loaded to the system. An eReport (reconciliation or transaction) provides same information.
- PCard Office actively directs customers to eReports as an alternative for “missing” statements. (Bank will not re-issue.)
- Current PCard Policy only references a high-level cursory “monthly review” of statements.
New PCard Policy (with Workday) omitted all references to above “monthly review”. [Jen Bulla]