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Efficiency starts with better payments.
Key takeaways
Switching to a corporate card program helped Tom Stringer Design Partners earn significant cash rebates and reinvest in growth.
Streamlined payments and digital integration reduced check fraud risk, improved accuracy and boosted accounts payable efficiency.
Engaging vendors and choosing the right card features helped the team to save time, cut costs and deliver projects faster.
In today’s competitive market, you need payment solutions that do more than process transactions – they should help you drive efficiency, reduce risk and unlock new opportunities for growth. At U.S. Bank, we design card programs to do exactly that. When you streamline accounts payable, leverage robust digital tools and take advantage of meaningful financial incentives, you empower your company to focus on what matters most: serving clients and scaling success.
The experience of Tom Stringer Design Partners, a leading interior design firm based in Chicago, shows how implementing a strategic corporate credit card program can transform business operations and deliver measurable results.
For a deeper look at their journey and the benefits they achieved, read the full case study (PDF).
By switching from checks to a commercial card program, they earned over $165,000 in rebate in the first three years – funds they reinvested into future growth. They also reduced check printing and mailing by 75%, experienced a 25 to 30% increase in accounts payable efficiency and significantly reduced check fraud risk.
“When you think of a purchasing card program, you think of a Fortune 100 or 500 company with purchase volumes in the hundreds of millions of dollars. I didn’t think anyone would be interested in working with our volume of $3 million to $5 million in purchases a year. That’s when I had this ‘aha’ moment: There are banks that service companies of our size. They want us to grow, and they want us to grow with them.”
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Daniel Paul, chief operating officer, Tom Stringer Design Partners
When you’re evaluating the best corporate card programs for your business, here are some tips for selecting a corporate card program that fits your needs:
- Talk to your vendors: Many may welcome corporate card payments, which can speed up project delivery and improve cash flow.
- Research available programs: Compare features to look for in a corporate card program, such as customizable digital platforms, flexible credit limits, and robust spending controls.
- Negotiate terms: Find a rebate structure and digital platform that support your company’s growth.
- Optimize your workflow: Look for seamless integration with your accounting systems and autopay options for recurring expenses.
The benefits of a corporate card program go beyond rebates. You’ll save time and costs, reduce fraud risk and gain better visibility and accuracy in your data. As Daniel Paul puts it:
“There were no good reasons not to do this, candidly. Check fraud was eliminated. Time was saved. Expense was saved. The rebate is earned. Data is being uploaded right into our system, improving the accuracy of our accounting records and making it easy to reconcile our general ledger accounts. It really was a no-brainer.”
If you’re ready to discover how the a corporate credit card program can help your organization, read the full case study (PDF) to see how Tom Stringer Design Partners leveraged a corporate card program to transform their business and how you can do the same.
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