Streamline The Process
With a single purchasing and travel & entertainment (T&E) payment solution, you’ll avoid duplicating systems and software needed to process and reconcile card-based transactions. Automating the process benefits both the purchasing and T&E functions:
For Purchasing, the Visa Commercial Card Program reduces the need for requisitions, purchase orders, invoices and cheques. This helps to lower costs significantly, speed up the delivery of goods and services and free up time for more strategic business priorities. By simplifying and speeding-up the process, the Visa Commercial Card Program can lower internal transaction costs by as much as 76%.1
For T&E, the Visa Commercial Card Program simplifies the accounts payable process by issuing one cheque to cover all employee expenses rather than making individual payments for each employee expense report. Employees directly benefit, too, because automated expense reporting tools can reduce the time spent completing expense reports by as much as 67%.2
The Visa Commercial Card Program employs systems and software to make it easier to track and maintain control over employee purchasing and T&E spending around the world. The Program can be integrated into most internal reporting systems and electronic purchasing processes, so there's no new system to learn.
Manage Company Spending More Effectively
Simplified procedures and one-card convenience help increase internal policy awareness, acceptance and program participation. Consolidated spending information, flexible billing and detailed reporting features combine to give administrators and management a much better sense of purchasing and T&E spending as well as greater control of budgets and processes.
Control Employee Spending
The Visa Commercial Card Program gives you the tools to maintain control of employee spending. Variable transaction authorization limits and Merchant Category Code blocking allow management to establish spending guidelines and approve merchant types in advance to ensure greater control of spending. Detailed transaction and spending data gives you a clearer picture of individual cardholder and overall company spending and vendor costs. This will help to identify maverick spending and cost over-runs to ensure compliance with company spending policy, budgets and limits.