Our competitive and global business climate requires C-level executives to maintain visibility into spending and constantly look for ways to make every dollar count. A payment strategy that relies on electronic payments is an important first step. As part of that strategy, you can take advantage of commercial card program benefits to drive down costs, forecast cash flow, optimize liquidity opportunities, and enhance valuable supplier relationships.

Consider that 50% of payables are still paper-based1 and each check costs, on average, $30 per item to process and handle.2   Commercial cards can be used not only for purchasing and expenses, but inventory and capital expenditures as well.  

“Progressive leaders looking to improve process efficiencies, cash visibility, and forecasting, recognize that making the relatively simple move toward using commercial cards is the logical solution for payments.”

--Ranjana Clark, Head of Transaction Banking, MUFG Union Bank, N.A.