Vendor Cards
Provide employees with a faster and more compliant way to pay suppliers.
Empower employees
Enable employees to make one-off or recurring purchases autonomously within pre-set spend limits, transaction amounts, and expiration dates.
Reduce admin work
Give employees a secure way to spend without the hassle of distributing physical cards or processing reimbursements.
Streamline reconciliation
Automate accounting processes to quickly and accurately categorize spend, match invoices, and catch unauthorized charges.
Automated AP tasks
Zip’s vendor cards capture coding and vendor information upfront during the intake process, saving hours of manual work for AP teams.
One-click setup
Zip can generate a vendor card from an approved purchase request in seconds while maintaining a detailed audit trail.
Flexible controls
Freezing or transferring cards is easy, and you can set limits on purchase amounts, merchant categories, and time active.
Robust ERP integration
Completed transactions sync to your ERP in real time, so you can keep your records as clean as your payment process.
Frequently asked questions
What is a vendor card?
A vendor card is a virtual credit card employees can use to make purchases within predetermined parameters. Compared to traditional corporate cards or paper checks, vendor cards significantly reduce the amount of time finance teams need to spend hunting down details and approving purchases. With Zip’s vendor card solution, generating a virtual card number takes about two minutes or less.
What is the purpose of a vendor card?
Vendor cards are an efficient way to empower employees to manage vendor payments, bill pay, and day-to-day purchases without requiring manual data entry and approvals from the accounts payable team. Cards can be set up with spend controls to work with only certain providers or dollar amounts.
How do employees pay using a vendor card?
Employees use this payment method with vendors who accept credit card payments, the same way they’d use any other virtual card or corporate credit card.
What are the features of a vendor card?
Zip’s vendor card solution is designed to streamline credit card purchases with features like:
- Simplified accounting
- Streamlined approval workflows
- User-friendly receipt handling
- One-click card creation
- ERP integrations
Are vendor cards secure?
Vendor cards are a secure way to give employees the flexibility they need to pay vendors. Zip’s powerful spend controls ensure that purchases stay within budget and are made with approved vendors, without requiring finance departments to spend hours every week approving and processing each transaction.
What are the benefits of using a vendor card as a business credit card?
For organizations that value efficiency, vendor cards are an essential payment option. They deliver the flexibility of traditional corporate cards without the high time cost associated with approving transactions, processing credit card payments, or tracking down vendor details.