Purchasing cards and corporate cards are specialized payment methods used by businesses to streamline their procure-to-pay processes. The primary difference between the two is that purchasing cards are designed specifically for managing non-travel related procurement transactions, while corporate cards are tailored to be used mainly for business travel expenses.
Purchasing cards make it easier to purchase goods and services from suppliers, as they provide businesses with a convenient way to manage payment-related tasks such as ordering, monitoring invoices, reconciling payments, and tracking budget utilization. Meanwhile, corporate cards streamline business travel-related expenses by allowing users to book flights and hotels, secure rental cars, and make meals more easily.
The combination of both cards provide businesses with a complete and hassle-free way to take control of corporate spending so they can focus on growing their businesses.