With 1-CP, your employees buy directly from merchants via the Corporate Checkout® and the Corporate Wallet®. For your company, this means more control and less manual effort.
Control & Compliance
Automatic policy enforcement: Company policies (e.g. approval limits per employee) and contract conditions are applied automatically on every purchase. How to define policies is described in Policies: Limit Policies (Beta) and Terms & Conditions. How negotiated conditions get into the Corporate Wallet is explained in How can I take advantage of negotiated rates and discounts?
Managing "maverick buying": Uncontrolled spend (long-tail spend) is centralized, made visible and controlled.
Ensuring duty of care: Compliance rules are enforced by the system.
Automation & Efficiency
No more manual expense reports: Manual, error-prone expense and reporting processes are replaced by automated real-time data capture. How 1-CP passes transactions to your reporting and expense systems is described in Reporting & Expense.
Detailed Level-3 data: Automatic capture of Level-3 line item data simplifies accounting and reconciliation.
Cost reduction: The operational effort of manually checking, consolidating and reconciling payment and booking data is eliminated.
Use of virtual cards (VCCs): The technology lets you create and use VCCs directly at the point of sale (POS), enabling end-to-end processing (straight-through processing). Which cards you can use is described in Corporate payment methods.
How to get started
How to roll out 1-CP for your whole company is described in Central onboarding: rolling out 1-CP in your company. You find all settings in the Corporate portal, see The Corporate portal at a glance.