Hubbell Policies

PROCUREMENT CARD POLICY

English

Owner : Vice President, Controller

Last Review: 2021.12.21

FIN - 38

Department: Finance

POLICY This Policy requires that the only procurement cards allowed to be used by employees of Hubbell Incorporated, its subsidiaries and affiliates (collectively, “Hubbell” or the “Company”) are Hubbell approved Procurement Cards (“P - Cards”). All transactions made on the P-Card must comply with this Policy and must be made by the Cardholder or Authorized User only. Capital Items may not be purchased using a P-Card. Use of the P-Card for personal expenses or any unauthorized reason is strictly prohibited and subject to disciplinary action up to and including termination. SCOPE This Policy applies to all employees of Hubbell who have been issued a P-Card or are an Authorized User of a P Card. PURPOSE This Policy will establish guidance for the appropriate use, ongoing monitoring and allowable expenses associated with Hubbell P-Cards. P-Cards must be used only for non-recurring or emergency after-hours transactions where it is not possible to obtain an invoice from the vendor to be paid through Hubbell accounts payable; or the expense is not permissible per the Travel and Expense Policy (FIN-49). A) Application Process Requests for a P-Card are to be made by completing and submitting a System Access Request Form (SARF) or equivalent for those entities not integrated into Hubbell’s active directory environment. The approved SARF or equivalent will be routed to the Concur and Citi Admin Team within Hubbell’s finance team. The Concur and Citi Admin Team will provide the necessary application and documents to complete. The applications will be routed for required approvals via DocuSign. Each application must be completed in accordance with the following guidelines: PROCEDURE

a. Company Code and Cost Center All P- Cards will be assigned to the applicant’s Hubbell SAP company code and cost center.

b. Credit Limits Each card must be assigned an individual/monthly credit limit which is based on estimated purchasing activity. The total value of a transaction shall not exceed a Cardholder’s single purchase limit. Payment for a purchase is not to be split into multiple transactions to stay within the single purchase limit. P-Cards will be issued with the standard monthly credit limit of $5,000 USD (or equivalent) unless otherwise requested. All P- Card requests require the approval of both the employee’s supervisor and the applicable business unit controller.

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