Hidden Benefit Of Moving AP Spend To Corporate Cards
Companies everywhere are looking for ways to improve their bottom line, either by increasing revenue or decreasing costs. Of course, they don’t want to loosen controls or reduce efficiency in the process. Savvy professionals have long realized corporate cards are an essential component in the arsenal of tools companies use for a truly effective payment process.
Recently, we hosted a webinar with Proformative titled “The Hidden Benefit of Moving AP Spend onto Corporate Cards” to identify the different types of cards available to businesses, demonstrate how cards can help you run a less costly, more efficient payment process, and give tips on how to increase the spend on cards. The webinar was a great success with more than 200 engaged attendees.
To gain some insight on card programs, we asked the audience what the main reason for implementing or expanding an existing card program would be. The answer? 51% of attendees would implement or expand an existing card program to make AP more efficient. For those businesses wanting a more efficient Accounts Payable process, automation is your answer. With MineralTree Invoice-to-Pay, businesses can take advantage of an end-to-end automation solution that offers various payment methods including card payments.