Whatever market your business operates in, current economic conditions dictate that one factor is common to its success: strong, focus financial control. If you’re running a small business, you should take immediate advantage of the increased control made possible by a business credit card.
By providing staff with cards on your business credit card account you can minimise the amount of cheques your business raises and the needs to have petty cash on the premises. They also can prove to be effective tools in minimising administration and the time spent reconciling expenses.
Research carried out by the Henley Centre highlights the benefits of business card accounts. It not only reports that 95% of businesses using charge cards believe that they bring greater control over business spending, but also that business credit cardholders spend an average of 24% less time completing expense forms than non-business card account users.