Corporate Credit Card ProgramPress Releases
Dubai, UAE, November 21 2016: Majid Al Futtaim Finance, the dedicated financial arm of Majid Al Futtaim and a leading financial solutions provider, has launched a new first-of-its-kind program specifically for enterprise customers conveniently titled Corporate. Combining a premium credit card with an online travel booking tool and expense management system, Corporate transforms the way businesses manage their T&E (Travel and Entertainment) processes.
Increasing efficiency while reducing costs, Corporate brings tangible savings to enterprises while providing an effortless way of managing T&E for card holders. It does this by replacing time consuming and convoluted processes with intuitive cloud-based technology that can be accessed from desktop, tablet or mobile.
The Corporate program provides businesses with a simpler, faster, and smarter solution for T&E expense management and can deliver an estimated average of 25% savings on costs. Reducing time spent on expense reconciliation, Corporate also minimises human error margins and out-of-policy transactions thanks to online automation, an intuitive mobile app and on-the-go receipt capture.
Rasool Hujair, CEO of Majid Al Futtaim Finance, commented on the launch: “We are excited to bring Corporate to the market, as we are bridging T&E expense management processes with a premium credit card for a drastic improvement in processes, savings and experience. Corporate matches the dynamic requirements of modern businesses with a product that will ultimately save time, money and effort in a way that directly impacts the bottom line. At Majid Al Futtaim Finance, we work towards providing efficient, smart solutions for businesses and consumers and this program epitomises that by offering a fully digital experience that revolutionises how companies manage and control their corporate travel and expense programs.”
Corporate gives granular visibility into T&E expense programs and is the first to introduce online payment controls, a unique tool which enables complete control of where and how much card holders can spend with their Corporate credit card. Additionally, with travel, expense and credit card data all integrated into a single view, companies can instantly generate smart reports and discover where they can create more savings.
Other features of Corporate include;
- An online dashboard through which end-to-end travel bookings can be made quickly and effortlessly (Neo visual 1)
- Instant, online and on-the-go submission and management approval of travel itineraries and expense reports (Neo visual 2)
- Card holder access to over 650 airport lounges worldwide, complementary travel insurance, VAT recovery, global emergency assistance and discounts at select Majid Al Futtaim partners
In keeping with Majid Al Futtaim’s vision of creating great moments for everyone everyday, Corporate complements that and reinforces Majid Al Futtaim Finance’s strategy to put the customer at the centre of everything they do, ensuring the creation of effortless and enriching products. Additional products include the Voyager by Najm card program, part credit card and part travel portal designed specifically for travel enthusiasts; and Premogiftcards.com, a secure online platform to customize and send gift cards. Majid Al Futtaim Finance also offers the Najm suite of cards and prepaid cards.