Maximizing Corporate Card Rebates: Our 80/20 Rule

A SAP Concur blog post recommends using corporate card usage to gauge spend governance. It suggests a best practice of 80% card transactions and 20% cash spend to save authentication time before approval. Citing a JP Morgan study, it says automated systems boost clerical productivity and companies offering electronic expense reporting are more likely to use data mining to flag out-of-policy spend or card misuse. When employees use corporate cards, companies receive financial institution feeds on the posting day, giving visibility into amounts due and payment due dates, allowing department heads to adjust spending timing. The article provides a rebate formula: (total cash spend × percentage…