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NEWS
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NEWS
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NEWS


A NEW WAY FOR FINANCE & TREASURY TEAMS TO REMOVE COST & RISK FROM CORPORATE
CREDIT CARDS


PROBLEM WITH CORPORATE CREDIT CARDS

Corporate credit cards are a valuable tool for businesses, and they are on the
increase, as the card market is expected to grow 87% by 2026.

Most companies have an automated solution for managing their expenses, but not
for corporate cards.

CREATING TWO PROBLEMS


COST

 * Unauthorised Spending

 * Late Payment Fees

 * Staff Inefficiencies

 * Legal Charges


RISK

 * Sarbanes-Oxley Compliance

 * Bad Credit History users

 * Reports for Auditors

 * Fraudulent Claims


COST OF CORPORATE CREDIT CARDS

The management of Corporate Credit Cards are left to the Finance and Treasury
teams to deal with.

Typically the process is manual, complicated, time consuming involving multiple
spreadsheets and emails.

This current way of working is incurring additional costs, as Finance and
Treasury teams struggle to cope with

Unauthorised spending - Late payment fees - Legal Charges - Fraud - Cancelling
Cards - SOX Compliance

HERE ARE SOME COST EXAMPLES



MEDIUM COMPANY

 * 250 X card holders

 * COST = $71,250 per annum

LARGE COMPANY

 * 1,000 X card holders

 * COST = $309,430 per annum

ENTERPRISE COMPANY

 * 2,500 X card holders

 * COST = $974,560 per annum

Which one is your company?


QUIKCARD HAS SOLVED THE PROBLEM

QuikCard helps Finance and Treasury teams remove cost and risk from corporate
credit cards.

A new unique software solution that automates the process for controlling and
managing corporate credit cards.

Avoid late payment & legal fees, remove unauthorised & extravagant spending,
eliminate fraud and achieve SOX compliance.



QUIKCARD HELPS FINANCE AND TREASURY TEAMS BECOME HEROES




HOW QUIKCARD WORKS

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CUSTOMER SUCCESS STORY

Company with 2,500 card holders were incurring costs of $960K per year



 * QuikCard streamlined their credit team, a saving of $585K

 * Removed up to $297K in late payment fees including personal expenses

 * Removed $78K in legal fees for reclaiming outstanding personal expenses and
   card holder charges

 * Achieved 100% compliance for Sarbanes-Oxley

 * Reduced time to apply, approve and issue new cards from 30 to 1 day




FREE VALUE ANALYSIS WORKSHOP

In the free Workshop the QuikCard team will cover the following

 * Discuss and understand your company’s current internal corporate credit card
   process.

 * Identify the challenges that are causing cost and risk to the business.

 * The outcome will be a proposal that will include the cost savings, risk
   management and operational benefits of the QuikCard solution..

 * Including a guaranteed return of investment calculation within the first
   year.


Book Free Value Analysis Workshop
QuikCard Contact Form
Name *
First Name
Last Name
Email *
Company Name *
I have a Question *
I would like to book a FREE Value Analysis Workshop
Yes


Thank you - we’ll be in touch soon!



QuikCard Limited

8 Devonshire Square, London, EC2M 4YJ, United Kingdom.

107 Spring Street, Seattle, WA 98104, United States.

Company Registration number 14513945

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Last Name
Email(required)
Company Name(required)
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I would like to book a FREE Value Analysis Workshop
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