Benefits

The CorporatePay Prepaid MasterCard Expense Card® is a fantastic alternative to corporate charge cards and credit cards for those employees that are not eligible as well as providing a practical solution for existing cash related expenses including Per Diems, Cash Advances, Foreign Currency and Petty Cash.

improve your profitability

The CorporatePay Expense Card could improve your profitability by:

• Reducing "out of policy" expenditure through merchant category controls.
• Reducing budget overspend through proactive management of regular expenditure.
• Reduce foreign currency costs by avoiding high rates (e.g. airport purchases), bulk purchasing, avoiding commissions are charging, and greater transparency through single purchase rates rather than variable rates per transaction.
• Significantly reducing resource required to administer expenses through electronic access to data and management of expense policies rather than paper-based or non-integrated expense processes.
• Reducing fraudulent claims.
• Providing comprehensive data to support more effective travel and expense procurement activity.
• Removing the overhead of managing cash for Per Diems and Cash Advances.

significant process improvement

The CorporatePay Expense Card could deliver significant process improvements through:

• Accelerating payments to suppliers to meet the Government 10 day payment terms commitment to SMEs.
• Enforcing expense policy timelines (e.g. further funds are not added to a card until the employee has completed any reporting requirements).
• Providing easily accessible audit trails to review expenditure.
• Easy access to extensive data for reviews such as benchmarking to target control policies and cost reductions.

benefit directly

In addition your employees could also benefit directly including:

• Convenience, ease of use and global acceptance.
• Improved productivity - inconvenience and time cost of manual expense entries is eliminated for card-based expenditure. Data can be automatically loaded into your expense system where it can be viewed and approved.
• Increased accuracy of claim.
• No more unclaimed expenses.
• Separation of personal and business expenditure.
• No reliance on your personal funds and credit facilities.
• No personal credit fees or interest charges.
• No personal risk of theft and fraud.