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Four Tips for Successful Virtual Card Implementation

Friday, July 14, 2017   (0 Comments)
Posted by: Terri Brustad

Chris Hahn, senior director of Capital One, explains the benefits of adopting virtual cards that include four detailed tips for successful implementation. 

  1. Develop a strong business case
  2. Get buy-in across the organization
  3. Establish a cross-functional working group that meets frequently
  4. Treat supplier acceptance as an ongoing process

Chris further explains, "Ultimately, the lessons we learned from our clients is that implementing virtual card may seem daunting—at least initially—but it doesn’t have to be difficult if you keep these four tips in mind. Certainly, there is an abundance of moving parts you need to address when introducing virtual card, but if you focus on these four points the details will fall into place."

This article originally appears in Payments Journal.

Members, read full article here. 

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