Commercial Payments VALUE ACCELERATOR™
Many businesses – and public sector entities – already use commercial cards for a range of purposes. For example to facilitate employee purchases of travel and subsistence, and also to streamline routine buying of consumable and other items.
For larger organisations, a sophisticated programme with web-based card management tools, and direct feeds of transaction data into core finance systems can often provide substantial cost savings.
However, not all those companies are extracting the maximum possible value from their commercial card programmes.
A carefully structured and disciplined spend expansion programme for commercial payments – in combination with a precise assessment of programme value – has the potential to generate millions in incremental value for companies.
Key questions:
- What do I need to do to maximise the benefits of my commercial card programme?
- How does my programme compare to best practices?
- Am I getting the best deal from my current provider?
- How do I ensure policy compliance across my cardholder base?
- What are the best practices for launching a corporate card programme?
Commercial Payments VALUE ACCELERATOR™
Accourt offers a combined solution of benchmarking to best practices, together with a commercial programme optimisation and growth acceleration service, which can be typically delivered over just 6 weeks.
Our Commercial Payments VALUE ACCELERATOR™ is designed to drive travel and payables procurement efficiencies and gain real value for companies.
Accourt’s recent experience has shown that an average size programme with current annual card spend of $500m has significant potential for growth. For example, doubling card penetration through accelerating card adoption and acceptance has the potential to generate incremental economic value of $56m p.a. from increased transaction-based cost savings and financial incentives.
As part of the service, Accourt also provides market intelligence, guidance and advice on the optimisation of relations with vendors, providing a roadmap to derive more value from your incumbent card provider and transforming your relationship with your suppliers to a strategic partnership.
The Commercial Payments VALUE ACCELERATOR™
It can be typically delivered in just six weeks, and is designed to achieve rapid gains by:
- Assessing the current commercial payments programme of the client
- Benchmarking against best practices and defining a strategic roadmap for programme growth
- Increasing adoption and acceptance of the payments programme
- Improving the efficiency of the programme’s overall performance
- Providing advice on the optimisation of relations with vendors, developing a roadmap to derive more value in a transformed relationship with them.
Key steps of Commercial Payments VALUE ACCELERATOR™
- Workshop on commercial card economics
- Holistic assessment of the current programme
- Benchmarking performance to best practices
- Understanding value potential
- Modelling economics of new programme
- Performance optimisation- Stakeholders alignment- Partnership advancement- Payments programme re-engineering- Implementation support
The standard Commercial Payments VALUE ACCELERATOR™ can also be extended with additional services:
- Ongoing benchmarking on an annual subscription basis
- RFP tender evaluation for potential new suppliers
- Payment programme conversion or implementation
Why Choose Accourt
We have a team of high calibre individuals who have successfully managed numerous Regulatory and Payment Scheme applications for organisations wishing to apply for full banking, electronic money and PI licences. Our seasoned experts have both the relevant IP, hands-on experience and operational know-how to ensure successful applications.