Without effective control, your Company’s expenses could easily spiral upwards. The American Express Corporate Card Programme has built-in control features that will help you track expenses, particularly those incurred on Travel & Entertainment (T&E).
The Corporate Card is a Charge Card, meaning it requires payment in full each month with No Pre-set Spending Limit.
You can exercise greater control with an additional layer of security by applying spending limits to individual Cardmembers.
These are some of the limits that you can apply in order to have a greater degree of control on your business expenses:
- Overall spend limits on each Card: Set individual spending limits for each Card, depending on specific employee needs. For example, a Sales Manager may require a high spend limit to cover frequent airfares and hotels, compared to your Human Resource Manager.
- Cash limit: Cash limit caps the amount that can be withdrawn from ATMs and can be set at a Cardmember level.
- Transaction limit: Limit the amount that an employee can charge to the Card at any one time.
- Relationship limit: Fix a maximum combined amount that can be spent by employees linked in a relationship within the hierarchy in any one month (or cycle). For example, the Company’s Human Resource Team may not require a high spend amount versus the Sales Team.
- Industry/Merchant limits - These limits allow employees to spend only at certain merchants or industries. The dollar value transacted at any merchant can also be set on the basis of your Company’s requirements.
Corporate Card Hierarchy
Strengthen internal controls for the implementation of the Card Programme in your Company, with the Corporate Card Hierarchy. The hierarchy is a structure or operational framework that provides you with desired billing and management reporting options for each Corporate Card. This extends right down to the management of individual Card accounts.
Billing Options
Suit your Company’s Payment Process requirements with different billing options available. Enjoy control with customised billing options such as: individually billed, centrally paid; individually billed, individually paid; and centrally billed, centrally paid.
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