Processing of purchase orders and paper invoices can be extremely costly and inefficient. Transform and simplify your company’s procurement efforts with the SunTrust Purchasing Card. You can pay invoices with a Purchasing Card, allowing you to move closer to a paper-free purchasing process.
To help you manage risk and expense, our Purchasing Card solution gives you complete control over purchasing down to the individual cardholder or vendor level. You’ll know exactly how and where procurement dollars are spent and be able to easily view company-wide spending patterns. You can then use that insight to negotiate favorable terms with commonly used vendors and even educate employees about spending policies and behaviors.
In addition to allowing you to avoid the risk of card abuse with its advanced control features, a Purchasing Card program can help you vastly reduce the number of invoices you and your staff have to process each month while earning generous rebates for your company.2 Through our vendor enrollment process, you can move beyond traditional card-in-hand purchasing card programs by the use of vendor specific card accounts. You will reduce costly paper invoices and payments further, automate accounts payable reconcilement and increase rebates.
To speak with a SunTrust representative call 866.448.6394.
Optimize card usage and get control over spending
Convenience and time savings for employees
Tools for running your Purchasing Card program
Through Enterprise Spend Platform® you have all the features necessary for managing your card program, with flexible application modules you can implement as needed.
Using cards with chip technology
Cards with chip technology, also known as EMV cards (which stands for Europay, MasterCard®, and Visa®, the organizations responsible for developing the standard), contain an embedded microchip which makes the cards difficult to copy or counterfeit, and are already in wide use around the world.
Cards with chip technology work the same as your existing magnetic stripe card. However, instead of “swiping” your card, you will insert it into an EMV-capable terminal and enter a Personal Identification Number (PIN) to complete your transaction. If the PIN does not match the one encoded on the chip, the transaction is canceled, protecting you and your company from unauthorized purchases. For terminals not equipped with a slot for chip cards, the card can be swiped as normal to make a payment.
Below are brochures containing diagrams and instructions for using the new cards:
How to use cards with chip technology – MasterCard
How to use cards with chip technology – Visa
1Please see contract terms and conditions for certain restrictions that may apply.
2For companies with $1,500,000 or more in annual spending on the SunTrust Purchasing Card.
MasterCard and the MasterCard brand mark are registered trademarks of MasterCard International Incorporated.
VISA is registered trademark owned by Visa International Service Association.
Corporate credit cards are simple to use and can help businesses streamline operations. Here are suggestions for optimizing the use of commercial cards and preventing employee fraud.
Many middle market businesses, driven by year over year sales growth, have an eye towards continued expansion, whether via organic growth or through acquisition. SunTrust offers tips on positioning to access capital to finance growth.
Using leverage, particularly real estate financing, can help lower a business’s cost of capital and fund growth by rebalancing the capital mix.
97% of importers are small to medium-sized businesses whose plans to build value for their companies includes global sourcing.
Your next best growth opportunity may lie abroad. Explore these export resources to understand how you can take advantage of it.
For details about Wire Transfers with SunTrust, call 1.800.947.3786 – options 1 & 4
SunTrust Incoming wire instructions:
Investment and Insurance Products:
Are Not FDIC or any other Government Agency Insured Are Not Bank Guaranteed May Lose Value
© 2019 SunTrust Banks, Inc.
Equal Housing Lender. SunTrust Bank - NMLS #93471Link opens a new window. Member FDIC.
SunTrust, SunTrust PortfolioView, SunTrust Robinson Humphrey, SunTrust Premier Program, AMC Pinnacle, AMC Premier, Access 3, Signature Advantage Brokerage, Custom Choice Loan and SunTrust SummitView are trademarks of SunTrust Banks, Inc. All rights reserved. All other trademarks are the property of their respective owners.
Services provided by the following affiliates of SunTrust Banks, Inc.: Banking products and services are provided by SunTrust Bank, Member FDIC. Trust and investment management services are provided by SunTrust Bank, SunTrust Delaware Trust Company. Securities, brokerage accounts and insurance (including annuities) are offered by SunTrust Investment Services, Inc., a SEC registered broker-dealer, member FINRA, SIPC, and a licensed insurance agency. Investment advisory services are offered by SunTrust Advisory Services, Inc., a SEC registered adviser. GFO Advisory Services, LLC is a SEC registered investment adviser that provides investment advisory services to a group of private investment funds and other non-investment advisory services to affiliates. Mortgage products and services are offered through SunTrust Mortgage, a tradename for SunTrust Bank, and loans are made by SunTrust Bank.
"SunTrust Advisors" may be officers and/or associated persons of the following affiliates of SunTrust Banks, Inc.: SunTrust Bank, our commercial bank, which provides banking, trust and asset management services; SunTrust Investment Services, Inc., a registered broker-dealer, which is a member of FINRALink opens a new window and SIPCLink opens a new window, and a licensed insurance agency, and which provides securities, annuities and life insurance products; SunTrust Advisory Services, Inc., a SEC registered investment adviser which provides Investment Advisory services.
SunTrust Private Wealth Management, International Wealth Management, Business Owner Specialty Group, Sports and Entertainment Group, and Legal and Medical Specialty Groups and GenSpring are marketing names used by SunTrust Bank, SunTrust Delaware Trust Company, SunTrust Investment Services, Inc., and SunTrust Advisory Services, Inc.
SunTrust Robinson Humphrey is the trade name for the corporate and investment banking services of SunTrust Banks, Inc. and its subsidiaries, including SunTrust Robinson Humphrey, Inc., member FINRALink opens a new window and SIPCLink opens a new window.