2016 State Of Commercial Credit Cards In Accounts Payable
The use of corporate credit cards in AP should be an integral part of a business’s Cash Management strategy, but it is not. The objective of this research is to assess the current state of commercial credit card use in the Accounts Payable function and uncover reasons why more AP spend is not being moved to corporate cards.
Over a two-week period in late Summer 2016, almost 200 finance and AP professionals completed the online survey exploring the state of commercial credit cards in their business. The respondent pool came from two separate audiences: MineralTree customers and MineralTree prospects. Segmenting the respondent profile allowed us to look at the data in two ways.