Imagine you heard rumours of a powerful business tool that had the potential to streamline your purchasing cycle, sharpen and improve workforce spending, drive savings, and just generally accomplish many of your short and long-term business goals, and more — oh, and it’s small enough to fit in your wallet.
Would you seek it out?
If you answered “Yes,” there’s good news: This tool is not rocket science. In fact, it can be extremely simple.
Here are five ways to leverage Corporate Cards so you can lift your business to the next level.
Foster Employee Happiness
Employees are at the heart of any company small or large. So it’s almost always good business sense to invest in your employees. With a Corporate Card programme, you can make business travel easy and relaxing for your employees. Find a Card that can give them access to lounges while travelling so they can have comfortable environments for working even while they are on the move.
Save Time & Increase Control
Putting business expenses on a Corporate Card can also save time on expense reporting. You can centrally manage your employees’ purchases and pay your suppliers with simple, digital tools.
Leverage Points for Employee Rewards
Rewards points can help turn your day-to-day business expenses — from office supplies, and travel to technology and entertainment—into statement credits and other wide-ranging perks. Find a Card programme that offers a points structure that fits your needs and use the rewards to reinvest in your business or treat your clients and employees.
Security in an Age of Cybercrime
A good Corporate Card automatically equips your enterprise with what is effectively its own anti-fraud department. You’ll not only receive instant alerts about suspicious charges, but also be able to review Card activity at any time online. And that same easy to use portal allows you to update the information of various Cardmembers as well as cancel, suspend, or replace employee Cards as needed. Beyond that, some Cards offer access to global service hotlines that place medical or legal experts only a phone call away when you travel overseas.
Marketing Campaigns or Activities
When profits dip, marketing is often the first expense to be cut. For many businesses, however, strategic marketing campaigns can provide a boost when times are lean. Corporate Cards can help finance continued marketing allowing you the opportunity to potentially grow your business.
Click here to learn more about how your business could benefit from an American Express® Corporate Card.
