A lodge card is a credit card exclusively used for corporate travel expenditure. It functions as a virtual credit card number “lodged” with a travel management company.
Key Benefits
- It simplifies the expense management.
- Enhnaces payment security and reduces any fraud risk.
- Provides a detailed report and visibility into travel spending.
- Automates expense processes, reducing the administrative burden.
Advantages Over Traditional Corporate Cards
- Built-in spending controls and restrictions.
- Improved compliance with the company travel policy.
- Enhanced data capture for a detailed analysis and reporting.