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Virtual Cards Help Companies Manage Spend In Real Time

PYMNTS

In this month’s Feature Story, Caleb Jenkins , leader of client accounting services for tax and accounting firm RLJ Financial , describes how the firms’ need for real-time payment options is peaking amid the pandemic and how virtual cards can help deliver the faster payments options they need to stay afloat. About The Playbook.

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Spend under management: The procurement KPI you should be tracking at any stage.

Airbase

A broader definition of addressable spend (the spend that can be managed through a procurement process) includes all expenditures except tax payments, charitable donations, employee base salaries and bonuses, dividends, stock repurchases, securities, and organizational memberships.