Whitepaper

2016 State Of Commercial Credit Cards In Accounts Payable


Many businesses use commercial credit cards, but often limit their use for Travel and Expense (T&E) payments. Businesses also use corporate credit cards for Accounts Payable (AP) payments but find themselves limited to a smaller number of vendor payments.

Using corporate credit cards for AP has obvious benefits: businesses can time their payments to vendors more precisely, avail of the working capital extension available through their credit line, and benefit from rewards and cash back programs. In addition, compared to checks – the most common way in which businesses make AP payments – credit cards have very low occurrences of fraud.

The use of corporate credit cards in AP should be an integral part of a business’s Cash Management strategy, but it is not. The objective of this research is to assess the current state of commercial credit card use in the Accounts Payable function and uncover reasons why more AP spend is not being moved to corporate cards.

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