You’ve decided to implement a virtual credit card (also known as ePayables) program. Congrats, you have taken the first step in automating your AP processes, improving your profit margin and reducing paper checks. But don’t celebrate for too long; it’s time to get started on implementing your program so you can start reaping the rewards.
As a business person, we know you constantly aim for improvement. It can be a challenge, but even the slightest changes can help your business run more smoothly and efficiently. Within the transportation industry, new technologies are constantly being developed and implemented to help bring perfection within an arm’s reach.
Did you know that T&E is probably one of your largest expenses? The NAPCP recently published a survey, Trends in Commercial Card and Program Management, which discusses the concerns and challenges associated with T&E programs. Let's take a look at the findings.
As the payment industry continues to become more complex, the term payment itself has evolved. In this new landscape of the payment industry, push payments (aka buyer-initiated payments or straight-through processing) have started to gain popularity over their more well-known friend, pull payments.