Bank One and Microsoft streamline expenses processing for medium size businesses
01 May 2002 | 14515 views | 0
Bank One and Microsoft have introduced a new commercial card solution for midmarket businesses to streamline purchasing, payment and travel processing.
The Bank One Commercial Card has been integrated with Microsoft Great Plains' back office solutions eEnterprise, Solomon and Dynamics to allow business owners to track, categorise and manage expenses.
Individual cards are issued to employees with a customer-defined cost centre, expense codes and spending limitations. The Bank One Online Card Manager provides online access to view transactions, run queries and reports, and perform card programme maintenance.
The card can be used to manage low-dollar, high-volume purchases and travel and entertainment expenses. Purchases can be made at more than 24 million MasterCard locations worldwide.
Dub Newman, executive vice president and head of Commercial Card at Bank One, says: "In working together with Microsoft Great Plains, Bank One now provides midsize businesses with tools traditionally suited for America's largest corporations."
Microsoft Great Plains and Bank One are also developing integration between the Bank One Direct PayChek Card and eEnterprise, Solomon and Dynamics, to streamline payroll operations for employees without a bank account. Product launch is scheduled for the third quarter of 2002.
In December 2001, Bank One and Microsoft announced an agreement to jointly develop and promote services and products for the two companies' US customers.