As the pandemic conditions slowly recede, management teams can revisit company travel policies to make adjustments that meet employees' and executives' needs and preferences. Consider these three actions:

Explore opportunities to use virtual cards. With elevated security and flexible parameters, virtual cards can offer unique benefits for fraud protection and cost controls.
Set different types of limits on corporate cards. Settings like transaction amount, merchant type, daily or weekly limits, and even country of payment can help managers implement travel policies and cap spending levels.
Replace remaining expense-reimbursement programs with corporate cards. Sourcing travel expenses through corporate cards can cut back on administrative commitments, and it could be more convenient for many employees as well.

Rodrigo Sanchez is head of commercial cards at Citizens, where he is responsible for business strategy, product management, sales and account management. Rodrigo has 15 years of experience in the payments and cards industry, having served in leadership roles across product, strategy, and analytics both in the United States and abroad.

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