Additional Benefits Of Corporate Travel Credit Cards

Additional Benefits Of Corporate Travel Credit Cards 

Most of all agencies dealing with the practice of allowing more than an average of 13.5 days for business travel customers to pay for tickets issued. If the tickets are issued on a credit card provided, however, the ARC (Airlines Reporting Corporation) has not written a bank account of your business, rather than the airline collects directly from the company credit card.

This advantage is significant cash in an industry that operates on such a slim profit. And there are still more good news! Travel agents can deduct transaction fees directly from the authorized amount of the ARC project. In fact, some organizations whose accounts are almost 100% credit card accounts has not written at all, they receive a check every week for the airline commissions earned.

During the hours before worrying about last Tuesday night the bank's balance sheet, you can now see how the DC can help you better manage your business. If a significant portion of their accounts have been approved by the SCC, your employees can spend their time more productively? After all, the need to treat all these statements, or to have a search on the employee as the payments are not identified, or the display of the debtors would be negligible. In addition, complications of an effective internal control strict mitigated.

The elimination of the reporting responsibilities of management yields more benefits to your body. How many accounts still requires an additional copy of the invoice is attached to the statement? How many hours a week are lost to this task? How many payments are delayed due to a copy of the invoice is not when the statement arrives at the customer's accounting department (in fact, the conventional way in which companies to delay payments, and improve their petty cash)? What does it cost to print additional copies of all invoices and statements? Paper can only understand as much as one percent of their fee income.

Encouraging customers to use a credit card, you can:
First Win your own income from funds already "invested" with the CRA on behalf of your customers;
2. To significantly improve its cash position;
3. Save money spent on forms and payroll;
4. Take advantage of fewer complications and improved productivity / profitability.
Credit card benefits both buyer and seller.
All internal control accumulate, which uses some kind of credit card system will bring other benefits of additional services:
1. The company will benefit from significant cash fund travel is paid when the credit card bill is due.
2. The company, which reflects the financial position of the travel costs accrued each month of their birth can show aggression, control of the budget (ie, to recognize the expense, but not pay later).
The third client should issue only one or two checks per month for most travel expenses.

4. Use a credit card significantly reduces the amount of cash a company has partnered with travel advances.
5th Most major credit card companies offer free life insurance for the passage booked on the credit card. This not only gives peace of mind for the traveler, it can also result in significant savings for the company in its insurance exposure life.
Would you believe that you could make a profit without doing more abundant than the service so that companies are aware of the importance of using a credit card? Different companies offer credit cards that explain the services offered, and if your account is big enough target, probably still track your introduction and sell their products directly to the name of your agency!

Posted in: Business Travel