MCC (Merchant Category Codes)

Merchant Category Codes (MCCs) are a vital tool used by businesses for tracking and categorizing purchases in the procurement process. They enable organizations to quickly identify which vendors sell what types of products, services, and solutions. MCCs also enable businesses to assign specific codes to each type of product or service, making it easier for procurement professionals to analyze categories of spending and track trends over time. By automating these processes, organizations can better manage their resources, ensuring operational efficiency and cost savings.