Commercial Cards Modernize the Payments Process and Enhance Supplier RelationshipsCommercial Cards Modernize the Payments Process and Enhance Supplier Relationships https://c-suitenetwork.com/wp-content/uploads/2016/02/Screen-Shot-2016-02-24-at-9.20.58-AM.png 376 376 C-Suite Network https://c-suitenetwork.com/wp-content/uploads/2016/02/Screen-Shot-2016-02-24-at-9.20.58-AM.png
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.
Download White Paper:
Learn more about transformative ePayables strategies: download the MUFG Commercial Cards white paper here.
MUFG Union Bank, N.A. is a member of Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial institutions. Learn more about our
Commercial Card program at mufgamericas.com/commercial-cards
Contact a MUFG ePayables specialist at 214-468-7829 or visit mufgamericas.com/commercialcards for more information.
1Electronic Payments Survey, Association of Financial Professionals, 2013.
The foregoing article is intended to provide general information about commercial card and is not considered advice from MUFG and MUFG Union Bank, N.A.
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