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Corporate Payment Cards: More Value, Higher Savings |
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A recently published report that benchmarks payment card usage within the enterprise found that over 60% of companies still allow personal credit cards to be used for company purchases, in spite of the compelling benefits achieved by best in class users of corporate payment card programs.
Payment cards which include purchase cards ("p-cards"), travel cards, and fleet cards, were shown to reduce transaction costs savings and cycle process time while increasing spend visibility. Payment card users also reported significant savings in supplier negotiations due to increased leverage. Yet check usage is still the most commonly used method for payment of business expenses, followed closely by wire transfers. Companies that allow personal credit cards, checks or other form of payments for company expenses generally fail to maximize the benefits of their payment card programs.
http://www.aberdeen.com/link/source.asp?cid=3335&pid=PRVS081406 |
