Wells Fargo has announced it has expanded its commercial card portfolio to Europe by offering the European Commercial Card, where commercial card transactions in pound sterling or euros will now be easier to process, track, and report.
“Our middle market and large corporate customers are increasingly conducting business globally. The European Commercial Card solution is designed to streamline our customers’ purchasing process in pound sterling or euro, whether it’s for small purchases, travel and entertainment, or large expenditures,” said Mary Mazzochi, senior vice president and manager of the Commercial Card product suite at Wells Fargo. “The European Commercial Card product launch follows successful introductions in the United States and Canada and rounds out our international program offering based on our customers’ needs.”
The solution balances enhanced controls and local, regional, and global management oversight with international traveller convenience through a global card expense reporting tool via Wells Fargo’s Commercial Electronic Office portal. This enables company financial officers and their employees to monitor commercial card transactions. Data can also be used for local, regional or global strategic sourcing opportunities, and maintain visibility over expenses.
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