Simplify the procurement process and negotiate preferred rates.
Keep business payments in one place allowing you to track your spending, simplify reconciliation and help negotiate better rates with suppliers.
An American Express® Corporate Purchasing Card is an expense management solution that allows you to consolidate regular payments to vendors and suppliers within a single account, set limits on how much and with whom your employees can spend, and gain insight into your spending patterns.
The Challenge: A national consulting firm needed to update their expense management system to serve their central office and multiple field teams, while driving compliance with company policies and cost reductions.
The Solution: The firm opted for a two-pronged solution: a virtual American Express Corporate Purchasing Card account at the central office, and one physical Card each for the field teams. Both the virtual account and physical Card allowed their Program Administrators (PAs) to set specific blocks and limits on transactions, which helped remove the need for manual approvals in the purchasing process.
Across the company, employees were able to spend less time manually inputting data into spreadsheets and more time innovating for success. Additionally, the program generated rich data fields that the firm could integrate with their ERP to further streamline processes and find more efficient ways to spend.
Sign up for an American Express Corporate Card program to open up a world of perks, tools and opportunities.