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5 Ways Credit Card Spending Actually Tames Expenses


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When you need tighter controls and maximum spending visibility, the way your company pays is key. Try these five tactics for sharpening your use of company credit cards.

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5 Ways Credit Card Spending Actually Tames Expenses

  1. 1. Optional footer for footnotes or global title of presentation 1 Ways Credit Card Spending Actually Tames Expenses5
  2. 2. 2 Entrepreneurs need to demonstrate prudence and pursue slow-burn growth.”“– EY Global Venture Capital Trends Cost controls matter more than ever as investors demand disciplined execution. More robust expense controls will extend your runway.
  3. 3. 3 When commercial cards play a central role in your payment strategy, you gain spending visibility and controls. 5key ways Put them to work in:
  4. 4. 4 Cards let you tap discounts without stressing cash flow
  5. 5. 5 1. You get that early-pay discount — many businesses negotiate them but fail to capture them. 2. You don’t add cash flow stress because you won’t have to disburse the funds until your card statement due date. Two winning reasons to use a commercial card to pay an invoice early:
  6. 6. 6 Card payments give you precise controls over employee spending
  7. 7. 7 Give employees corporate cards and set individual limits on transaction sizes, vendor types and more. Manage spending even more closely with virtual card numbers — VCNs can be used only for transactions that match pre-set controls. Examples:
  8. 8. 8 Cards pay cash rebates that can fund spending on employee perks
  9. 9. 9 • Use rebates to fund outings and workplace meals to keep the team happy and productive. When you move more spending to your commercial card, your rebate checks start to add up.
  10. 10. 10 Commercial cards help you rein in T&E spending
  11. 11. 11 1. Analyze spend to identify top carriers and chains; negotiate discounted rates. 2. Set transaction controls by employee role to mirror your T&E guidelines. When you centralize payments on a card, it’s easy to identify spending by category.
  12. 12. 12 Card payments make it easier to consolidate suppliers
  13. 13. 13 • Look closely at a single spending area — like office supplies. • Instead of buying from many suppliers, negotiate volume discounts with one or two. When you centralize payments on a card, it’s easy to identify spending by category.
  14. 14. 14 Steps to maximize your expense controls with card spending Identify which of your vendors accept credit cards so you can use them wherever possible. Know what reports and analysis tools your card issuer provides, and start making the most of available spending data. Make sure you’re flagging invoices from any suppliers that offer early-pay discounts— and cross-check those with your list of who takes card payments. Set up transaction controls on cards issued to employees.    
  15. 15. Get advice from the experts at Related Content ©2016 SVB Financial Group. All rights reserved. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: SIVB). SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. B-16-15094 Rev. 12-12-16. Want to know more about how your business can set up a commercial card program?