You can select from 10 billing cycles to coordinate statement dates with your company's payroll periods or reimbursement schedules.
Individual PaymentWith Individual Billing/Individual Payment (IB/IP), each Cardmember receives a monthly billing statement from American Express and is responsible for reconciling the account and remitting payment directly to American Express. Each Cardmember submits an expense report in accordance with your reimbursement policy. IB/IP reduces your company's administrative workload and encourages timely expense report submission.
Central PaymentThis option combines individual billing with centralised payment of all approved business expenses charged to the Corporate Card. Each Cardmember is responsible for monthly statement reconciliation, timely expense report submission, and direct payment to American Express for personal and unapproved business charges. Your company issues a single payment to American Express for all Cardmembers authorised charges, streamlining the payment process.
All Cardmember balances are itemised in a summary statement that is centrally paid by your company. Individual monthly billing statements are printed and included with the summary statement.
Payment can be made in many ways, the most convenient options are:
- Electronic funds transfer