The Flexible Way To Track Expenses
Expenses are a necessary part of business, but tracking them shouldn't take so much of your clients' time and resources. Simplify and streamline with a customized credit card that aligns with your existing accounting processes.
HP Commercial Card Services offers a full range of card products, all configurable to your clients' corporate needs. Flexible parameters enable restrictions on purchases and spending, and Internet access to card portfolio data expedites inquiry response. We even capture the data and help you analyze purchasing behavior and improve controls.
Key features include:
- Multiple reporting and data access tools equipped with departmentally directed billing features
- Numerous authorization controls, including single transaction, daily and cycle spending limits, Merchant Category Code controls, intermediate spending limits and company credit limits
- Expansive product extension for unique industry requirements
- Product extensions including fleet management, business expenses management, relocation and prepaid card services
- Variable pricing allows you to leverage our expertise without making large investments in hardware and software
Drive Down Processing Costs
By outsourcing your commercial card services to HP you can drive down processing costs while gaining the advantages of world-class technology platforms and service centers:
- Expand product offerings with specialty cards for fleet and business expense management, relocation and prepaid card services
- Set authorizations, billing and reporting options based on corporate organizational charts through a hierarchical structure
- Enhance collections through account tracking, automated past-due and over-credit line notifications, and collections workflow support
- Achieve greater financial control through better information, greater transparency and compliance with Sarbanes-Oxley and Basel II
- Manage operational risks, including credit and fraud risk and dispute adjudication
- Reduce overall costs of managing card accounts by leveraging shared service centers and providing efficient, accurate and streamlined processing
Industry Expertise With a Proven Track Record
HP has more than 35 years of card processing experience with global operations that span six continents in more than 18 countries. We are an industry leader for our stand-in rate and response time, exceeding the standards set by MasterCard and Visa.
We defend our successful track record every day. We:
- Process 45 million card accounts including 2.5 million commercial credit card accounts and more than 1.3 billion transactions, including 19 million commercial card transactions annually
- Deliver an authorization response rate of 99.99 percent
- Demonstrate an average MasterCard® authorization response time of 0.06 seconds
- Demonstrate an average Visa® authorization response time of 0.18 seconds
- Successfully converted more than 30 million card accounts in the last 10 years
HP's philosophy is to work with your bank to enable you to compete for new business and grow your card portfolio. We are only successful if you are successful.
For more information about what HP Enterprise Services can do for you, submit a business inquiry.