How Business Purchasing Cards Can Solve Cash Flow Issues for Your Members

Business Purchasing Cards: A Smart Move for Your Members

In an era where 82% of businesses fail due to cash flow problems, according to U.S. Bank, financial institutions have a unique opportunity to empower their business members with solutions that directly impact their bottom line. As credit union leaders, you understand that every efficiency gained can mean the difference between survival and growth for your business members. Purchasing cards aren't just another financial product—they're a strategic tool that can fundamentally transform how businesses operate, control expenses, and optimize their working capital.

Why Your Business Members Will Thank You

Think about the businesses you serve. Whether it's the local manufacturing company that's been with you for decades or the startup that just opened their first account, they all share common pain points:

- Too much paperwork for purchases

- Difficult expense tracking

- Time wasted on purchase approvals

This is where purchasing cards come in, and the impact can be remarkable. One of our credit union partners recently told us how a mid-sized business member reduced their invoice processing time from two weeks to just two days. Imagine being able to offer that kind of efficiency to your members.

The Real-World Impact

When you provide purchasing cards to your business members, you're not just giving them a payment method – you're giving them back their time and peace of mind. When businesses transition to purchasing cards, they transform their entire procurement process. Manual purchase orders become automated workflows. Paper trails become digital audit paths. Most importantly, your business members gain the ability to capture early payment discounts while extending their payment terms—a direct impact on working capital.

What Makes This Different

We understand that your business members rely on you for solutions that make sense for their bottom line. Purchasing cards do exactly that. They're not just another product to add to your portfolio – they're a way to show your business members that you understand their challenges and are committed to helping them succeed.   With platform profile options including fuel only and business travel & entertainment, an administrator portal for easy visibility and program management, as well as the opportunity to earn rebates (depending on annual spend amounts) we can offer your members a competitive and valuable solution to better manage payments and cash flow.

How We Can Help

Position your credit union at the forefront of business financial solutions. Let's discuss how offering a purchasing card program can create value for your business members. Through our partnership with Card Assets, we've made it easy for you to offer this solution to your members. We handle the heavy lifting – from rapid application processing to 24/7 support – so you can

focus on what you do best: being there for your members.

Want to learn more about how you can bring this solution to your business members? Let's talk.