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Offers customised solutions to over 13,000 corporates in India

ANI  |  New Delhi [India] 

A global leader in management solutions, offers customized management solutions to over 6,00,000 corporates globally, and more than 60% of Fortune 500 companies. In India, works with over 13,000 large corporates and MSMEs (mid and large corporates) streamline purchasing, simplifying reporting and reconciliation processes for work-related expenses and help realize savings from more efficient management, minimizing reconciliation time and auditing.

Indian corporates especially small and medium enterprises are now placing equal priority on and on increasing revenues. However, with no fully automated processes to catch non-compliance in policies related to expenses, there is an ample room for ushering in efficiencies, especially on travel and entertainment spends, which is seen as among the top three controllable expenditures besides salaries & benefits for corporates.

Sharing her views, Saru Kaushal, Vice President and General Manager, Global Commercial Services, Banking Corp., said, "Use of solutions is expected to see a tremendous growth over the next few years in Companies are realising the benefits of integrating technology and to leave no room for leakages. With American Express' customised solutions and corporate card programs, companies can avoid such leakages as all transactions are tracked in This helps companies understand expenditure trends, out of pattern expenditure and can further Travel policies to avoid out of policy spends. We have also observed that a lot of spend leakages happens from the time the employee joins to the time the employee gets the Card. We are probably industry's that ensures that the employee gets a corporate card on the first day of joining."

American Express helps companies to seamlessly integrate their expense management policies and payments with a range of its Corporate Cards program. Solutions like American Express Corporate Card, American Express Corporate Meeting Cards and American Express Platinum Corporate Card help put a cap on certain expenses, avoiding unnecessary expenditure and limiting the expenses within the necessary bracket. In addition to this, companies also get the opportunity of benefits like membership reward points, discounted rates etc. that can be availed for leisure and entertainment activities on trips.

Interestingly, corporates in are also encouraging employees to adapt to sharing while travelling for According to a recent industry survey by American Express, 60% of Indian executives agree that their company's allows employees to use sharing services for lodging or for travels. American Express is leading in adapted such commercial innovations. The company has partnered with for their "for Business" platform & OYO Rooms in India that allows employees to use American Express' central and bring down expenses and in savings.

Corporate Purchasing Solution - Customizable and flexible which helps organizations to streamline their commodity spend.

Corporate Cards - With American Express's Corporate Cards namely - The American Express® Platinum Corporate Card, The American Express® Corporate Card, The American Express® Corporate Meeting Card and The American Express® Corporate Card organizations can efficiently manage their travel and entertainment expense, the second most controllable expense after employee salaries. Moreover, companies also get the advantage to redeem fabulous reward points

Account - With Accounts (BTA), corporates get the opportunity of consolidating and centralizing all travel and entertainment billings helping them keep a tab on expenses. BTA also provides comprehensive travel data, monthly billing for extended payment terms. With a single account number, companies enjoy improved expense visibility.

Buyer Initiated Payments - Push linked with American Express corporate card, to ensure complete control and timely payments to vendors. The solution provides companies with extended payment terms, ensuring the timely negotiated payments to vendors. This removes the hassle of paperwork, ensuring all the documents are submitted digitally.

American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com/india, and connect with us on facebook.com/americanexpressindia, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/amexindia, and youtube.com/americanexpress.

Key links to products, services and corporate responsibility information: charge and credit cards, travel services, merchant services, corporate card, and corporate responsibility.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 11 2018. 20:05 IST
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