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American Express®Corporate Purchasing Card
A level of ease and flexibility for your company’s everyday business spending
Flexible Purchasing With Enhanced Control
The American Express Corporate Purchasing Card enables you to provide employees with the flexibility to make the purchases they need, without sacrificing control. The Purchasing Card is designed to help streamline your commodity spend on items such as telecommunications and stationary, helping you save money and take control of your finances with greater compliance and fraud protection.
Your company can choose to use the Corporate Purchasing Card in various ways to help support your program strategy:
- Individual Cards for traditional end-user buyers
- Supplier Cards for use with designated suppliers
- Department Cards for employees within a department
- Accounts Payable Cards for payment of approved invoices
Features & Benefits
Streamline Purchasing Processes
The Corporate Purchasing Card consolidates expenses into one easy payment:
- Reduces purchasing costs
- Improves control over your purchasing procedures
- Simplifies data management and regulatory compliance processes
- Increases employee productivity
Automate Reconciliation
Reduce accounts payable costs by automating the mapping, posting and integration of purchasing data into your Company's financial systems. American Express Corporate Account Reconciliation gives you greater control and simplifies spending processes. This easy-to-implement, web-based solution designed to:
- Automate your entire reconciliation process
- Increase control and accuracy of accounting and cost allocations
- Post transactions daily and save time
- Interface to back-end financial system
- Transition your company to a low-cost process that offers tremendous efficiencies
Manage How, When and Where Employees Spend
Protect your Company against out-of-policy spend and fraud whilst reducing approval process periods with customised purchasing controls. Control expenditure with the following spending limits:
- Set a maximum spending limit per transaction and per month for individual Card Members
- Set a maximum monthly limit for all Card Members
- Set variable spending limits to ensure unforeseen additional charges do not prevent your employees from completing transactions
Access Accurate Data for Better Reporting
Our exclusive, closed-network operating structure lets us capture enhanced data at the point-of-sale. This ensures the integrity of data from sale to report delivery.
Improve Buying Power
Accurate purchasing and spending information places you in a stronger negotiating position with suppliers. Consolidating your spend with fewer suppliers could greatly increase your ability to take advantage of discounts from existing contracts.
Gain Procurement Program Efficiencies
American Express has direct relationships not only with our Card Members and customers, but also with merchants who accept American Express. This enables us to maintain an extensive database of supplier and point-of-sale data that can help you manage your procurement program more efficiently.
Expert Consultants at Your Service
Our purchasing and procurement consultants provide expertise to help you identify re-engineering opportunities and assist you with the implementation of your program to achieve maximum cost savings.