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Reduced Costs, Efficiency and Control through Corporate Cards

by Giel Buijssen, Assistant Application Management, Rockwool

In 2008, Rockwool introduced ING’s Corporate Card Solution for employee expenses in order to increase convenience, control and process efficiency. This article considers some of the factors that contributed to our decision, shares some of the experiences we have had, and outlines the outcomes and benefits of using the ING Corporate Card Solution.

Project background

Before implementing ING’s Corporate Card Solution, Rockwool employees could receive a fixed salary advance to fund business expenses, or could obtain cash in various currencies from a cashier’s department before embarking on business travel. Employees then accounted for their expenses by completing a manual declaration form and refunded surplus cash back to the cashiers. Cash stocks were then periodically inventoried by two people to check balances.