/financialservices/taxonomy/term/517/all en /financialservices/channels/news/effective-feb-1-2024-maximum-pcard-threshold-will-increase-5000-compter-du-1-fev-2024-montant-354658 <p><b>This memo is sent on behalf of Julie Ghayad, Senior Director Systems and Transaction Services, and François Pouliot, Senior Director Procurement Services</b></p> <p>Æ»¹ûÒùÔº Financial and Procurement Services are pleased to inform you that effective February 1, 2024, the maximum Pcard transaction amount will be increased to CAD $5,000 (from the current $2,500). No action is required on the part of PCard Holders, as the Bank will automatically apply this new threshold to all PCards.</p> Wed, 24 Jan 2024 15:14:20 +0000 lisa.vawer@mcgill.ca 18193 at /financialservices /financialservices/channels/news/effective-monday-oct-3rd-change-threshold-ffmpi-approval-mmp-invoices-50k-342548 <p><b>This memo is sent on behalf of François Pouliot, Director Procurement Services and Julie Ghayad, Director Systems and Transaction Services</b></p><p></p> <p></p><p> </p> <p>Dear Colleagues</p><p></p> <p></p><p> </p> <p>In November 2020 Procurement and Financial Services jointly implemented the receiving function and invoice processing in MMP. Accordingly, the threshold for FFM/PIs to approve MMP Invoices will be increased from $10,000 CDN to $50,000 CDN (including sales taxes/self-assessed taxes). </p><p></p> <p></p><p> </p> Fri, 30 Sep 2022 15:52:35 +0000 lisa.vawer@mcgill.ca 18047 at /financialservices