Our solution enables to represent and manage any company with its original hierarchy structure, where the company representation key elements are the following:
- Corporate contract
- An agreement between the issuer and the company
- Corporate contract owner is the company itself, with its proper address management (statement delivery address, etc.)
- Corporate organization
- Corporate organization represents the company
- Can fully correspond to the company original organization
- Can be represented by a simple 2-level organization or a complex one (where multilevel organization structure applies)
- Corporate account organization/corporate account
- Account organization is a mirror of corporate organization, where each corporate entity has its own account
- For simple 2-level account hierarchy these are the company account and employee card accounts
- For multilevel complex account hierarchy structure these are the intermediate accounts in between the company account and employee card accounts, where it is possible to have an employee entity attached to any level within the corporate organization
- Corporate card
- Can be a physical or a virtual one
- Corporate card owner is the employee itself or the organization (e.g., lodged cards)
- In general, the same person can represent an employee within corporate cards structure or an individual within consumer cards’ structure, where different addresses can be managed for the same person within corporate or consumer cards (E.g., for the same cardholder (person) a corporate and consumer card statement delivery addresses can be different, card delivery addresses can be different, etc.)
Our solution offers multiple APIs related to corporate contracts and their features such as
- Company management (see Company’s management)
- including company itself and all its possible entities such as countries, divisions, departments, cost centers
- creation and update of company data such as company name, external company reference
- possibility to manage company’s contact(s)
- Employee management (see Customer)
- Employee, as person, can have both consumer and corporate cards
- Employee can have 1 or several corporate cards
- Creation and update of employee data
- Corporate contract management
- Creation with company organization, employees and cards
- Company organization can be built later at any moment
- Employees and cards can be added later at any moment/li>
- Possibility to e.g.
- indicate the membership and account setup fees payer (the company, employees)
- define default, can be changed for each corporate card, such as
- a default logo reference (transmitted to the embosser)
- if the company should receive a duplicate of the statement for cards paid by employees
- the dispatch code (in order to deliver all cards for the given corporate contract to the same corporate address)/li>
- if cards open-to-buy should be reset to their maximum credit limit, by default, at cyclic closure date (for credit cards only – e.g. credit limit of 3.000€, cardholder has spent 2.000€ then current open-to-buy of 1.000€ is reset to 3.000€ at cycle closure date even if repayment not already received).
- Update of corporate contract data such as logo reference, membership and account setup fees payer
- Company organization management
- Modification of the company organization (e.g. new country and its organization)
- Update of a certain company entity (change of delivery channels, advertisement options)
- Close a corporate contract immediately or in the future
- As soon as the contract is closed all cards are closed (next authorizations are declined) and related accounts start the standard account closing process
- Creation with company organization, employees and cards
- Add employee and its card to a certain entity of the company
- A new or existing employee can be added with its card and related card account to an entity of the company organization
- e.g. add employee to a cost center 123456, to division AAAA (e.g. employee is the division manager)
- possible to e.g.
- indicate whether the card is repaid by the employee or the company
- indicate the repayment mode (self-payer, direct debit)
- provide a specific credit limit value/li>
- Possibility to change how are repaid cards for a certain contract at any moment
- from repaid by the employee to repaid by the company/li>
- from repaid by the company to repaid by the employee)