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.
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