The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Corporate cards popular as working capital solution

The use of corporate and virtual cards as part of a working capital management solution has become a defined strategy for some treasurers, who are also seeing the benefits of having an additional level of data.

Treasurers looking to optimize their working capital are exploring adding corporate cards to their arsenal, thanks to the extended payment terms and increased efficiencies they offer.

When clients are looking to start a card programme, Steve Robson, head of commercial cards EMEA, at Citi, explains that the bank wants to be clear about what it is they are trying to achieve. Clients now also have the choice between physical cards or virtual cards.

Steve Robson-160x186

Steve Robson, Citi

Robson says: “When speaking to clients about cards, we ask what their aim is. Is it to optimize their P2P [procure to pay] process and improve the efficiency of payment and procurement? Or is it simply to replace payment mechanisms and improve working capital? Or is it both?”

The spend on corporate cards is significant.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree