This SAP Concur blog lists 7 key components for a corporate credit card policy: eligibility requirements, acceptable uses, credit limits, documentation requirements, cardholder responsibilities, consequences for non-compliance, and written agreement.
SAP Concur published a blog post discussing the impact of cash versus credit card spending on corporate savings. The article notes that non-compliant cash spending is difficult to track and can lead to fraud and waste. In contrast, card payments are cheaper, easier to track, and provide better data quality and corporate rebates. It cites Harvard Business Review data indicating that organizations can almost always find 15% to 20% of spending that hasn't been managed closely.
A SAP Concur blog post states that a typical organization loses about 5% of annual revenue to fraud each year, and employee expenses, especially travel, are both a large budget category and an opportunity for fraudulent claims. It recommends a corporate credit card program to tighten controls, with credit and transaction limits plus merchant and location controls, and data flowing directly to the company for monitoring suspicious spend. It also suggests integrating corporate cards with automated cloud-based expense solutions for visibility and reporting data.
A SAP Concur blog post argues that automation alone does not capture the full value of spend management technology, and customers should focus on expense processing cycle efficiency from report submission and approval to payment. It cites IDC research finding accounts payable staff were 30% more efficient and audit staff 28% more efficient with an optimized SAP Concur solution. It also says optimization improves total spend visibility, increases corporate card rebates and reduces employee late fees.