American Express has introduced a new type of corporate card to help companies exercise greater control over specific, project-related expenses.
The card has been designed to help companies manage short-term or special projects with greater control and less paperwork than traditional invoices and checks, yet without the upfront investment of pre-paid cards or cash advances.
The new cards allow companies to set their own expiration dates and spending limits, and pay for expenses only as they're incurred, saving money by freeing up cash flow, eliminating the costs of check issuance, and reducing the risk of cost overruns. Yet the cards offer managers the flexibility to adjust those limits as business needs and the economic climate change.
The new card can been applied to such varied expenses as:
-- Employee relocation,
-- Per-diem travel advances,
-- Virtual office needs,
-- Marketing project budgets,
-- Educational seminars, and
-- Temporary assignments.
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