Businesses to be stabilized needs to procure a corporate credit card which will define the bounds of business operating expenditures from that of personal expenses in the company.
This is a good means of keeping an accurate record for reimbursement requests during business travels and purchase of office goods while maintaining personal finances of both the employer and the employees.
There are also numerous benefits that the corporate credit cardholder can enjoy under the terms and contract. Some of these are: instant coverage on travel accidents, medical protection for travelers, roadside assistance and insurance on excess baggage, to name the few common privileges.
These privileges, as part of the corporate credit card can also be granted to employees as individual cards, given that they are to be used for business related expenses. When the employer dispenses the card to the employee, both take the responsibility over the card. However, the employer cannot always be assured that the corporate credit card will be used entirely for business dealings and not for personal luxury.
This is why a policy on corporate credit cards must be established so as...
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