Corporate Card
A corporate card is a company-issued payment mode for employees to cover business expenses like travel, meals, or subscriptions, eliminating the need for personal funds. Transactions are automatically imported, categorized, and matched with receipts, streamlining reconciliation and reducing manual entry. The system supports multiple card providers, enforces spending limits, and flags non-compliant transactions for review. Detailed reporting by cardholder or department helps monitor usage and detect anomalies. Integration with accounting software ensures accurate mapping to the Chart of Accounts, enhancing financial accuracy and audit readiness while simplifying expense management for employees and finance teams.
Frequently Asked Questions:
What is a corporate card?
How are corporate card transactions handled in the system?
Do employees still need to submit reports for corporate card expenses?
Can we link multiple corporate cards or card providers?
How does reconciliation work with corporate cards?
Can we enforce policy rules on corporate card spending?
What if a corporate card expense is missing a receipt?
Can we assign cards to teams or departments instead of individuals?
What reporting is available for corporate card usage?
Is corporate card data synced with accounting software?
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