Personal Small Business Corporate & Institutional About Us
As you begin to build a corporate card program, you may experience some hesitancy to use the card or questions from your employees surrounding why a corporate card for travel & entertainment (T&E) spending is beneficial. We’ve put together answers to some typical questions that arise when implementing a corporate card program and hope these practical tips will help you maximize the success of your program.
How do I start a corporate card program for T&E spending?
There are a number of key steps to get started to maximize adoption and have a successful program.
How do I convince key internal company stakeholders to get on board with—and champion—the switch to corporate cards for business travel?
As you endeavor to build a company-wide consensus around the merits of switching to corporate cards for business travel, emphasize the specific benefits for each department.
How do I encourage individual business travelers to switch from their personal cards to corporate cards for their business travel spending?
The key is to use a combination of carrot and stick. You may consider providing incentives for individuals to switch. However, at the same time, it should be made clear to employees that the company is moving to using corporate cards to pay for travel-related expenditures.
Additionally, there are a number of benefits for employees switching to corporate cards for T&E spending:
How can I protect against employee misuse of T&E spending?
Remember your clearly articulated company travel policy? It’s extremely important to implement the policy, as well as:
Talk to your Treasury Management Officer today for valuable insight.
“T&E Card Programs: A Revealing, 360-Degree Look at Business Travelers’ and Travel Managers’ Needs,” TSYS, 2015.
2017 AFP Payments Fraud and Control Survey, Association of Financial Professionals, 2017.
This Payments Solution News was prepared for general information purposes and is not intended as legal, tax or accounting advice or as recommendations to engage in any specific transaction, and does not purport to be comprehensive. Under no circumstances should any information contained in this newsletter be used or considered as an offer or commitment, or a solicitation of an offer or commitment, to participate in any particular transaction or strategy. Any reliance upon any such information is solely and exclusively at your own risk. Please consult your own counsel, accountant or other advisor regarding your specific situation. Neither PNC Bank nor any other subsidiary of The PNC Financial Services Group, Inc. (“PNC”) will be responsible for any consequences of reliance upon any opinion or statement contained here, or any omission.
We have tools to help you bank when and where you want.Mobile Apps Directory »
Be part of our inclusive culture that strives for excellence and rewards talent.Visit PNC Careers »
The PNC Financial Services Group, Inc. All rights reserved.