At MineralTree, we encourage our customers to move AP spend from check to card, so we were interested in comparing customer data against other finance professionals. It is not surprising that the results showed that MineralTree customers are outshining their peers and impacting the bottom line of their business.
Some of the
- More than one-third of respondents are not using corporate cards for vendor payments
- The reasons businesses give for not moving more AP spend to commercial credit cards are varied and plagued with misconceptions
- Impacting the bottom line is the number one reason cited by respondents for moving more spend onto commercial credit cards