Commercial Cards and Financial Compliance

Commercial card programs leverage technology to build efficient controls, monitor adherence and provide the data necessary to mitigate control-related risk.

The paper, co-published with ACTE Global, the association of corporate travel executives, and released today at the annual Association of Corporate Travel Executives (ACTE) Global Education Conference in Munich, Germany, focuses on corporate card and purchasing card (P-card) program strategies, which are an integral part of best practices because they help companies meet control and audit requirements. Corporate cards are used primarily for T&E expenses, while P-cards are primarily used by companies for expenses related to maintenance, repair, operations, and office supplies.

“Commercial cards are an integral part of best practice control strategies as they leverage technology to help with compliance and build efficient controls at each stage of the Procure-to-Pay process. These programs are key in helping minimize spend out-of-policy and employee misuse, by providing visibility into spend,” said Janet Zablock, vice president, Visa Commercial, Visa Inc. “The power of corporate and purchasing cards to bolster control over spending and help comply with regulations is compelling.”

To view the entire Compliance white paper, including a comprehensive overview of T&E and Procure-to-Pay Best Practices and a description for how corporate and purchasing cards can help ease financial compliance, visit www.visa.com/compliance .