As CFOs witness record-breaking inflation spikes, reducing financial risk remains at the forefront of their minds. And with inflation and interest rates putting a squeeze on finances – and a potential recession looming – they need to look for new ways to drive revenue and uncover new efficiencies to offset rising costs.
Reimagining payments and expenses to embrace virtual credit cards is one way. By capturing more spend as part of a corporate card program, companies can potentially earn greater rebates while lowering reimbursement costs.
This playbook explains why embracing virtual credit cards enables you to reduce or eliminate costly, time-consuming manual reimbursement processes that absorb valuable internal resources. The playbook highlights: