By Will Driver, head of commercial card sales, Regions Bank
A commercial card program is no longer just a piece of plastic in your wallet. Here are things to consider:
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Front end of buying cycle
Expedite your purchasing process for low-dollar and lower-risk transaction activity online or at the point of sale. For approved transaction categories, this can help reduce the manual efforts tied to your purchase order and invoice-based processes.
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Middle of buying cycle
Advancements—including virtual card options—allow you to manage employee business travel or ad-hoc expenses efficiently.
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Back end of buying cycle
Shift inefficient paper-based invoice payments to an electronic payment method. Leverage virtual cards—with transaction-specific card limits and one-time use designations where appropriate—to pay supplier invoices.
Start today
- Read more: The company card: Choose the right one for your organization.
- Learn more: Read how business credit cards can also benefit small businesses.
- Take action: Consider other options for short-term financing.
