Managing one or more Commercial Card programs involves utilizing relevant data/information. There are many different categories and types of data, each serving a unique purpose:
- Transaction data to ease reconciliation, support auditing efforts, highlight strategic sourcing opportunities, and more
- Various metrics for evaluating the health of a program
- Industry benchmarks for comparing against your program metrics; for example, research from RPMG Research Corporation, PayStream Advisors, professional associations, industry providers, etc.
- Cardholder data, including personal information that issuers might require for security reasons