A company must carefully manage its finances to ensure long-term survival. A popular solution that many companies use is the corporate card.
This card is meant exclusively for business purposes and not for personal spending.
Corporate cards simplify the way companies track every business transaction, making the process automatic and transparent.
For businesses in the tourism and hospitality sectors, a corporate card like BCA Visa Corporate offers a range of benefits to streamline operations and enhance expense management.
A corporate card is a credit card provided by a company to its employees for business related expenses.
This card is generally used for company operations. The goal is to simplify financial management for the company while maintaining full control over employee transactions.
A corporate card differs from a personal credit card because all charges are billed to the company rather than to the individual. This helps the finance team easily summarize and track all operational expenses. Additionally, this system helps companies analyze spending habits and create more accurate budgets.
When used correctly, corporate cards can enhance efficiency, transparency, and control across all aspects of a company's finances.
Employees no longer need to use their personal funds for operational expenses, as all costs can now be tracked directly through the card system. This ensures a convenient and reliable process for the company's financial recording and reporting.
BCA Visa Corporate provides a variety of benefits designed to support the operations of your tourism and hospitality business. Some of the benefits include:
Employee business travel plays a vital role in the tourism industry. With BCA Visa Corporate, you can effortlessly and automatically keep track of all your travel expenses.This makes it easier to monitor and helps minimize errors in manual financial reporting.
Every transaction made using corporate cards is recorded in detail. You can see who made the purchase, where it was made, and the purpose of the purchase. This transparency helps prevent fraud and unnecessary spending.
Typically, employees have to keep receipts and submit reimbursement requests manually. However, using a corporate card can eliminate this process. All expenses are recorded directly in the system, allowing employees to focus on their work without worrying about submitting personal expense reimbursements.
You can set different limits for each card based on the needs of each division. For instance, the marketing team enjoys higher promotion limits, whereas the operations team faces stricter spending restrictions. This feature helps you manage your finances in a more organized way.
The tourism sector frequently requires international travel. Supported by the Visa network, this card can be used in multiple countries worldwide. This makes international transactions easier and safer, without the need to manually exchange currency.
Applying for a BCA Visa Corporate card is simple, especially for existing BCA customers. You can complete the process online or by visiting your nearest branch. Here’s a simple guide to get you started:
Make sure you have prepared all necessary documents, including the deed of establishment, company tax identification number, director’s ID card, and a power of attorney (if applicable). This document is intended for verification and administrative purposes.
You can access the application form either on the official BCA website or through the Ocean by BCA platform. Just provide your company details, the number of cards you need, and the spending limit for each card.
BCA will perform an assessment of your company's creditworthiness. This process involves reviewing financial statements, cash flows, and business profiles. Once the application is verified, it will be approved, and the card will be printed immediately.
Corporate cards are more than just a payment tool, they are smart solutions that help manage business finances efficiently and transparently. A well-organized financial system can greatly improve the smoothness of operations, especially in the tourism and hospitality sectors.
What are you waiting for? BCA Visa Corporate is the perfect choice for anyone ready to take their business to the next level.
Apply now through Ocean by BCA and enjoy the ease and safety of managing your business expenses.
Streamline your procurement process with suppliers more efficiently using the Ocean by BCA B2B platform. All processes can be tracked through an integrated platform.
