American Express Increases Focus on Expense Management Solutions

  • Offers customised solutions to over 13,000 corporates in India

  • Focuses on innovative solutions to optimally manage travel & entertainment expenses


A global leader in expense management solutions, American Express offers customized expense management solutions to over 6,00,000 corporates globally, and more than 60% of Fortune 500 companies. In India, American Express works with over 13,000 large corporates and MSMEs (mid and large corporates) streamline purchasing, simplifying reporting and reconciliation processes for work related expenses and help realize savings from more efficient expense management, minimizing reconciliation time and auditing.


Indian corporates especially small & medium enterprises are now placing equal priority on expense management as much as on increasing revenues. However, with no fully automated processes to catch non-compliance in policies related to expenses, there is an ample room for ushering in efficiencies, especially on travel & entertainment spends, which is seen as among the top three controllable expenditures besides salaries & benefits for corporates. 


Sharing her views, Saru Kaushal, Vice President and General Manager, Global Commercial Services, American Express Banking Corp., India,Use of expense management solutions is expected to see a tremendous growth over the next few years in India. Companies are realising the benefits of integrating technology and finance to leave no room for leakages. With American Express’ customised expense management solutions and corporate card programs, companies can avoid such leakages as all transaction are tracked real time. This helps companies understand expenditure trends, out of pattern expenditure and can further Travel policies to avoid out of policy spends. We have also observed that lot of spend leakages happens from the time the employee joins to the time the employee gets the Card. We are probably industry’s first player that ensures that the employee gets a corporate card on the first day of joining.”

American Express helps companies to seamlessly integrate their expense management policies and payments with a range of its Corporate Cards program. Solutions like American Express Jet Airways Corporate Card, American Express Corporate Meeting Cards and American Express Platinum Corporate Card help put a cap on certain expenses, avoiding unnecessary expenditure and limiting the expenses within the necessary bracket. In addition to this, companies also get the opportunity of benefits like membership reward points, discounted rates etc. that can be availed for leisure and entertainment activities on business trips.

Interestingly, corporates in India are also encouraging employees to adapt to sharing economy while traveling for business. According to a recent industry survey by American Express, 60% of Indian executives agree that their company’s travel policy allows employees to use sharing economy services for lodging or transportation for business travels. American Express is leading in adapted such commercial innovations. The company has partnered with Uber for their “Uber for Business” platform & OYO Rooms in India that allow employees to use American Express’ central payment solution and bring down expenses and usher in savings.

Offerings by American Express

  • Corporate Purchasing Solution – Customizable and flexible web-based corporate account tool which helps organizations to streamline their commodity spend.


  • Corporate Cards – With American Express’s Corporate Cards namely – The American Express® Platinum Corporate Card, The Jet Airways American Express® Corporate Card, The American Express® Corporate Meeting Card and The American Express® Corporate Card organizations can efficiently manage their travel and entertainment expense, the second most controllable expense after employee salaries. Moreover, companies also get the advantage to redeem fabulous reward points


  • Business Travel Account – With the American Express Business Travel Accounts (BTA), corporates get the opportunity of consolidating and centralizing all travel and entertainment billings helping them keep a tab on expenses. BTA also provides comprehensive travel data, monthly billing for extended payment terms. With single account number, companies enjoy improved expense visibility.


  • Buyer Initiated Payments – Push payment solution linked with American Express corporate card, to ensure complete control and timely payments to vendors. The solution provides companies with extended payment terms, ensuring the timely negotiated payments to vendors. This online solution removes the hassle of paperwork, ensuring all the documents are submitted digitally.

About American Express

American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at, and connect with us on, and


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Source: NV1

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