When businesses began to use commercial cards, executives utilized the payment tool in a limited capacity. It was a piece of plastic that could be used by employees for small business expenses like client dinners or travel costs. Today, however, the use of commercial cards has expanded and has become a topic of conversation by executives who are trying to optimize it to improve supplier payment practices.
According to PYMNTS, the cost and administrative headaches that came with this type of card acceptance kept it at arm’s length for corporations who could not see the advantages. But shifting priorities among buyers and suppliers has pushed the opportunity for commercial cards to meet changing cash management needs in today’s B2B environments.
Advantages That Come with Corporate Cards
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