Business/Corporate?

CBCP (Company Liability) The company receives the statement and pays the card

IBIP (Individual Liability) The individual receives the statement and pays the card

IBCP (Shared Liability) The individual receives the statement and the company pays the card

There are two types of corporate cards: Cards that are the responsibility of the employees and cards that are paid by the corporation. If the card is the responsibility of the employee, each card holder must pay his or her own bill and submit expense reports to the company for reimbursement. If the card is paid by the corporation, an employer will still demand reimbursement from the employee for any personal or unapproved charges.

Who is the issuing Bank?

Standard Reconciliation Reports available by Statement Periods

Visibility into all outstanding transactions for that statement period, including unsubmitted/unapproved transactions on Expense Reports

Email reminders available. NOT customizable in Standard

Business Cards are tied to a single account (typically the business owner) and may have several/many authorized users. While these users are authorized to make purchases on the card, and may have their own instance of the card, all charges incurred show up on a single statement and draw from a single line of credit.

NOT SUPPORTED THROUGH CORPORATE CARD FEED. Only through Yodlee, as a personal card. NOT RECOMMENDED. Best practice is to use a corporate card program.

How do you handle reconciliation of these cards today?

Reconciliation depends on employees willingness and timeliness in placing card transactions onto an Expense Report. Company will have ZERO visibility into business card transactions not placed onto the Expense Report by the employee. With a CBCP program, where the employee does not have any liability for the card, this can be very difficult to ensure and enforce. Missing/late transactions can occur if transactions not submitted by the statement closing date, making reconciliation difficult.

For transactions that are submitted, card administrators can create a custom report in Concur to view transactions by Payment Type and date range to see all SUBMITTED transactions for a particular date range or billing period. Recommend Consultative Intelligence if this functionality is important to prospect.

Also known as a Purchase Card or Procurement Card. Single card usually assigned to one secure-user for purchases or may be checked out by others on an as-needed basis. Intended to reduce time/red-tape around petty cash transactions, check requests, and other traditional procurement procedures

Always CBCP

What kind of spend typically occurs on your P-card? Supplies, T&E, etc?

Who is your P-Card provider?

How are you reconciling your P-Cards today?

Company Bill Statements (Professional, recommended)

Without Company Bill Statements (Standard)

A Lodge Account or "Ghost Card" is a virtual account lodged with a company's travel agent and used to book travel for one or more groups of employees. Typically one card per company or department, used for multiple people, not assigned to an individual employee. Employee does not have direct access to the card, but is able to book travel expenses to it to avoid having to carry large expenses on their credit cards.

Standard: None outside of Travel

Professional: Limited Support

Standard: Not currently supported.

Professional: Central Reconciliation

Not supported through a card feed. Not recommended to link via Yodlee, as all charges associated with the debited bank account will appear for all users. Best Practice is to use ExpenseIt to take pictures of the receipt and mark the expense as Company Paid.

Often supported through Yodlee. Works the same as any personal card feed.

VERY LIMITED SUPPORT: Most customers require more enhanced data for fleet/fuel cards than we are able to bring over (such as volume, mileage data, type of fuel, etc.) Check the far right column under "Enhanced Data on the Card Support page.

ASK: Are these cards assigned to an individual driver or a particular vehicle?

A Diversion Account is used to “divert” the liability of transactions of a certain type to a central account. Most commonly used to divert air transactions from the individual’s account to a central account for some or all travel expenses. The diversion is done by the card vendor, typically based on MCC value (e.g. all airlines)

Always CBCP

Works with a wide variety of cards - Testable using the Free Trial

None