While the benefits of commercial cards cannot be understated, actual implementation is easier said than done. The canny treasurer will have to negotiate everything from supplier scepticism to lack of management support
Cash forecasting is one of corporate treasury's major pain points. HSBC is now developing products that aim to eliminate all paper-based requests linked to corporate card spending
Banks have been experimenting with Ripple’s technology, which could make payments far more efficient, but a recent report questions whether it can handle larger volumes.