Managing your expenses efficiently can be a challenge for most companies. You need convenient purchasing power along with the ability to control costs and reduce time-consuming reconciliation.

The Commercial Card program is recommended for Commercial and Corporate customers with sales over $20 million per year, spending starting from $5 million per year charged to company credit cards, decentralized buying authority, a large number of suppliers, and geographically dispersed operations.

Features

• A one-card solution to your company's expense management needs; corporate travel, entertainment, small-dollar purchasing - it's your choice.
  
  
• The program is flexible, scalable and can be fully customized and integrated with both your existing and future business processes.
  
  
• Monitor cardholder spending by automatically comparing purchasing activity to established business rules and flagging unauthorized purchases.
  
  
• Implement controls down to the cardholder level with transaction and spending limits, merchant restrictions, cash advance access and more.
  
  
• Track company-wide spending and monitor travel policies by generating customized reports by cost centre, individual employee, or in combination.
  
  
• Select central billing, with a consolidated monthly invoice, individual billing, or both in the same program.

Benefits

• Negotiate trade discounts by analyzing spending patterns for each vendor.
  
  
• Reduce supplier inquiries by taking care of many small invoices with a single payment.
  
  
• A Scotiabank program manager will manage your account from initial consultation through program implementation.
  
  
• Our consultative approach and extensive experience with industry 'best practices' will ensure everyone on your staff is using the program to its fullest potential.
  
  
• We will benchmark your program's performance at regular intervals through quantitative and objective criteria, to help you achieve maximum cost-saving benefits of the program at all times.

Next Steps

For more information about the Scotiabank Commercial Card Program, please contact us.