One of the primary keys for SMEs staying competitive is managing cash flow and having a complete understanding of the company's financial status.

Before Sunflower Beauty Centre started using the Visa Commercial Card two years ago, invoice checking and settlement generated an enormous workload for the company's accounting department. Now the accounts team no longer needs to issue checks prior to purchase and all expenses are listed in the monthly statement. Company cash flow can also be better managed by making use of the one month repayment period. The company also uses Visa Commercial Card for company entertainment expense. The company can also minimize expenses with the use of the cash rebates or reward points for stationery purchases.

For companies like , Excellent Management Limited, a local software development company specializing in travel booking systems. Previously, the company paid invoices with senior staff paying expenses in advance by personal credit card. However, this payment method complicated matters and increased the workload of the accounts department.

To improve operational efficiency, the company issued Visa Business cardsto each of the four directors - allowing them to pay for company expenses, all in one bill.

Ms. Jeanne Ho, Director of Excellent Management Limited said, "Each of our directors carries a Visa Business Card and no longer has to use a personal card to settle the company expenses. This makes the company's book-keeping system really clean and efficient."

Each of our directors carries a HSBC Visa Business Card and no longer has to
use a personal card to settle the company expenses. This makes the company's book-keeping system really clean and efficient.

The views expressed are the author's own and do not necessarily reflect the views of Visa or any other individuals. They do not express the views, opinions or beliefs of any organization or individual other than the author's, nor do they represent Visa in any respect nor are they endorsed by Visa.
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