Virtual Cards in the Business World:
Virtual cards have been available for six years, but there is still a large percentage of corporations and mid-sized companies that have not incorporated the use of V-Cards into their AP model. However, the spread of awareness of how virtual cards benefit companies is generating a steady increase in usage.CFO magazine cites a study that states in 2013 18% percent of AP managers used virtual cards. According to an analyst from the same article, using virtual cards for AP is "- a good idea with a good value proposition".Companies may be holding back from using Virtual Cards may be that they do not understand the potential benefits involved. Find out below how virtual cards can benefit you, - from increasing efficiency to saving money.