The Ultimate Qashiopedia
Points
Points are a common type of reward system where users earn points through purchases or memberships (such as loyalty programmes). These points can be redeemed for discounts, rewards, perks, charitable donations, and more.
Points Redemption
The process where users exchange earned points (Qashio Points) for rewards such as Emirates Skywards Miles, Landmark Shukrans, and Qashback.
Positive pay
Positive pay is a service employed by financial institutions to prevent cheque fraud. It matches the three key elements of a cheque—the cheque number, amount, and account number—against a list provided by the business. If any discrepancies arise, the financial institution will not clear the cheque and will notify both parties, allowing the company to decide whether to proceed.
Post-Transaction Approval
The process of reviewing and approving expenses after a transaction has been made. This feature enables a collaborative review where both the user who made the transaction and the agreed approver can communicate, review transaction details, and log any changes made. This process is defined by the approval policy which establishes the workflow for approving transactions. Once a transaction is made, it then enters the post-transaction approval flow where approvers must review the transaction, which includes validating expenses categories receipts, and memos before either approving or rejecting the transaction.
Prepaid cards
Prepaid cards are a type of debit card that requires funds to be added before use. Unlike debit cards, prepaid cards are typically not linked to a bank account.
Procurement
The process of acquiring goods and services through sourcing, negotiating, and managing suppliers. It ensures that transactions align with predefined budgets to secure the best value and mitigate risks.
Procurement
Procurement is the process of obtaining goods or services, often involving the negotiation of terms and a bidding process. Companies consider factors such as cost, quality, and delivery time when making purchasing decisions. This activity falls under the broader scope of purchasing.
Purchase price
The purchase price is the final amount paid by a buyer to a seller for goods and services, including taxes, warranties, and commissions.
Purchasing cards
A purchasing card, commonly known as a P-card, is a type of charge card used for procurement that allows the purchase of goods or services without following the conventional purchasing process. P-cards typically have controls such as monthly spending limits and Merchant Category Code (MCC) restrictions.
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