Virtual card benchmarks

January 31, 2019


Q.  I am currently assessing the success of our virtual card payment program and am looking for benchmark data to compare. Specifically, I am looking at the three metrics below. Any information or links to sources would be very helpful ... or even just a poll from the panel. Average % of vendors paid via virtual card Average % of spend via virtual card Average % of payments via virtual car  A. (from the IOFM Advisory Panel) ----- By V-card, I’m assuming you are speaking of a virtual card. We…

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