Expert opinion

For businesses, corporate cards allow you to save time on calculating unit and other payments, reduce cash turnover within the company and convenient to use, as they provide round-the-clock access to funds. </a > Semen Puskay, Director of the Department of Medium Business, Municipalities and Communal Sector of Ukreximbank.

 

  In his opinion, the most important advantage for enterprises is the increase in transparency of calculations within the organization and the simplification of reporting, since all transactions are recorded.

"This is a fairly convenient and modern tool that significantly reduces the company's labor costs. The bank itself performs the initial accounting of the use of funds on the card. The enterprise can always control every hryvnia spent. Special demand for corporate cards is formed by enterprises whose employees often travel abroad. The advantages of the card in this case are the ability to book a hotel, secure and save the money being transported, top up the card by the enterprise itself in case of emergency in the funds of the employee" - said Semen Puskay.

Main advantages of use:

• you don't need to divert your own funds and expect compensation for expenses after providing an advance report;
• it is not necessary to declare funds on a corporate card when traveling abroad; 
• round-the-clock access to funds, regardless of the working hours of branches; 
• top-up of the card by the accountant in case of unforeseen expenses; 
• there is no need to save funds in case of loss of the corporate card; 
• there is no need to maintain turnover to visit lounge areas in airports; 
• effective management of the company's funds - there is no need to divert the working capital of the company and give employees cash in advance when a group of employees is on a business trip at the same time.