Download the Presentation - Silicon Valley Bank

Next Steps:
1. Gain top management support for payment process
transformation and partner with key players in the organization
to ensure buy-in.
2. Implement strategies to reduce reliance on checks.
3. Demonstrate the benefits that preferred suppliers will receive
from commercial card acceptance. (They can expect faster pay
and efficiency savings while you will gain control and revenue.)
4. Incorporate commercial card acceptance language into
preferred supplier contracts.
5. Institute a set of upfront spend controls (e.g., customized limits
based on cardholder, supplier or transaction size) and backend
audits.
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