PNC Bank Canada Branch recently launched commercial card products designed specifically to support Canada-based companies and U.S. companies doing business in Canada.
“These new cards streamline the purchase of goods and services to reduce the time and costs associated with the traditional purchasing process and make it easy to monitor and manage employee T&E spend,” said Chris Ward, executive vice president and head of product, PNC Treasury Management. “In addition, our experienced implementation team can help clients create a customized program quickly and provide ongoing support as they focus on growing their business.”
The commercial cards will make it easier and more efficient for an organization to capture, track and improve visibility into card spending.
To support different spending policies associated with corporate travel and indirect expense activities, clients can customize limits at a variety of levels, including managing transactions, features and permissions and setting daily, monthly and per-transaction spending limits.
The cards will also offer fraud monitoring, employee misuse loss coverage, travel protections and cardholder emergency services and support.
The card options will provide an end-to-end solution with integrated back-office workflow tools and online data delivery. Automated transaction allocation, reconciliation and general ledger integration will provide an efficient procurement and payment solution for all purchasing, general expenses and travel-related expenditures.
Features will include cardholder benefits and insurance specific to Canada and the ability to pay rebates in Canadian dollars, as well as dual language English/French service and support.
“We are excited to bring these capabilities to our Canadian clients,” said David T. Olsen, regional president and principal officer, PNC Bank Canada Branch. “The new products will help meet their financial needs as they look to grow their business.”