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.

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.

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.

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

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.

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.

Zip’s vendor cards empower employees to manage their own business expenses. Finance teams can automate parts of the approval process with predetermined spend controls to avoid becoming a bottleneck.