Rolling out a commercial cards programme can bring multiple benefits to a corporate, particularly at a time when improving working capital, visibility and control over cash remain at the forefront of treasurers' minds.
Today, corporate cards are used for payment types outside the traditional travel and entertainment and purchasing card (p-card) space, expanding into business-to-business (B2B) spending to include meetings and events, procurement, fleet and fuel payments. They are also being used for larger transaction sizes than previously, which in turn has a greater impact on working capital cycles.
