SAP Concur: Corporate Cards and P-Cards for Better Insight into Employee Spend

SAP Concur explains the role of corporate cards and purchasing cards (P-Cards) in managing employee spend. It says many organizations have done away with pre-approvals for employee spend and instead rely on organizational and departmental policies to guide spending behavior, but this reduces visibility. Corporate cards are issued by a bank or financial institution to employees and are associated with an employee name or number, aiding tracking; P-Cards are account numbers issued to an organization, accepted by suppliers through the existing credit card system, with controls such as purchase thresholds, monthly limits, and merchant category codes. It recommends combining corporate-card and P…