A purchasing card, also known as a P-card, is a payment tool issued by a company or organization to authorized employees for making business-related purchases. It functions like a credit card, but with specific restrictions and controls. Purchasing cards streamline the procurement process by allowing employees to directly make purchases from approved vendors without going through traditional procurement procedures.

These cards offer convenience, flexibility, and ease of tracking expenses. They typically come with spending limits and predefined spending categories to ensure compliance with company policies. Purchasing cards can simplify purchasing procedures, reduce paperwork, and provide organizations with better visibility and control over expenses.