In a recent development, companies have started assigning corporate credit cards to their employees. One such company is now looking to connect these cards to Concur, a popular expense management system. However, they have a few questions and uncertainties regarding the process. Here’s a brief guide to help navigate through the key points:
1. Is a specific contract or credit card service required?
To connect corporate credit cards with Concur, having a dedicated contract or credit card service is not always necessary. However, it is advisable to check with your company’s financial department or Concur support to confirm if there are any specific requirements.
2. How to connect the cards with Concur?
To connect the cards, you’ll need to follow these steps:
- First, ensure that the corporate credit cards are eligible for integration with Concur. Check with your bank or financial institution to confirm compatibility.
- Next, log in to your Concur account and navigate to the Expense Settings or Card Management section.
- Find the option to add a new card or connect an existing card, and follow the prompts.
- Depending on the bank or financial institution, you may be required to provide authorization or some form of authentication.
- Once the connection is established, the transactions made with the corporate credit cards should automatically sync with Concur, simplifying the expense management process.
3. Can cards from any bank institute be connected?
In most cases, connecting cards from various bank institutes is possible. However, it’s important to double-check with Concur’s documentation or support team to ensure compatibility with your specific bank or financial institution.
By following these steps, you should be able to successfully connect your corporate credit card(s) to Concur, streamlining the expense reporting and tracking process.