Maximize savings from process efficiencies

Visa’s program optimization is a unique spending and supplier analysis service—available through your commercial issuer*—that is designed to identify opportunities for your company to improve its Procure-to-Pay operations and increase savings through Visa’s Commercial card program. The program takes a consultative approach based on both quantitative and qualitative analytics that maximize the benefits of your company’s commercial card program with tailored recommendations for reducing costs, streamlining processes, and managing spending.

Program Optimization benefits

• Reduce cost of payment by identifying opportunities to convert checks into Visa payments
• Learn and implement best practices for your procure-to-pay process and commercial card programs
• Identify check spend with Visa-accepting merchants
• Analyze commodity categories, business units, eProcurement, PO, and non-PO suppliers
• Quantify potential financial benefits over three years
• Classify opportunities for your company to adopt best practice policies, procedures, and management practices

Quantitative analytics

Quantitative tools help define a plan and financial impact estimate for the expansion of your Visa Commercial card program. Tools include:

• Commercial Accounts Payable Analysis. Segment your spend and supplier base and identify opportunities to convert check spend to Visa payments. Perform transaction-level analysis, including segmentation of spending across policy tiers.
• Average Transaction Analysis. Identify opportunities to convert check spend to Visa payments utilizing summary level supplier data.
• Return-on-Investment Analysis. Calculate cost savings and benefits of your commercial card program over a three-year time frame.
• Purchasing Card and Corporate Travel Card Industry Benchmarking. Report key card program performance metrics within targeted revenue and industry groupings.

Qualitative analytics

Qualitative analytics help to identify cost reduction opportunities for your company and ways in which you can increase benefits from the Visa Commercial card program. Tools include:

• Procure-to-Pay Performance Gauge. Receive a personalized diagnostic report identifying best practice improvement opportunities, and their potential savings for your commercial card program.
  
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• Commercial Card Performance Gauge. Assess your company's commercial card program and receive a personalized diagnostic report identifying best practice improvement opportunities and their potential savings.

Case studies

With Visa's targeted tools, your company can improve its spending performance and maximize process efficiencies of its card program. Program Optimization illustrates how companies like yours have improved efficiencies and realized significant savings through Procure-to-Pay processes and commercial card program optimization. See how real-life Visa clients across varying industries have dramatically improved operations and increased savings. View case studies

Get started

Take advantage of Program Optimization and learn how to implement industry best practices. For more information or to initiate an analysis, contact your commercial issuer* or email us at cs@visa.com.