Prolong, a number one digital card and spend administration platform, as we speak introduced a partnership with HSBC, one of many world’s largest banking and monetary companies organizations.
HSBC will provide Prolong options to its industrial card purchasers within the U.S. to assist firms handle spending with the pliability and management of digital playing cards. Utilizing their HSBC enterprise playing cards, joint prospects will have the ability to simplify important processes – like closing the books on the finish of the month – and immediately empower anybody, anyplace to make enterprise funds. Prolong’s digital options at the moment are out there to HSBC U.S. Industrial Card Shoppers with further options coming in early 2023.
1000’s of companies use Prolong to simply create, ship, and handle digital playing cards, and in the end management spending throughout their organizations. Utilizing Prolong’s cell or Net app, admins can set one-time, multi-use, or recurring card limits and guidelines; set budgets so leaders can create digital playing cards for particular workers and bills; and automate cost reconciliation because it occurs. From pre-booking journey for occasions, to billing bills again to authorized purchasers, small and mid-market companies belief Prolong as a function of their banks’ enterprise playing cards.
“Digital card capabilities characterize a world of alternative for our industrial card purchasers,” mentioned Faisal Jafri, HSBC Head of Industrial Playing cards, Americas. “They need digital options for every day challenges, together with vendor funds and expense reconciliation. Partnering with Prolong permits us to ship necessary improvements to our purchasers, and we look ahead to rolling out these capabilities to our purchasers.”
The variety of digital card transactions is anticipated to develop greater than 300% within the subsequent 5 years, with the U.S. representing the most important marketplace for enterprise digital card transactions, based on a latest analyst forecast. Prolong permits its financial institution companions to satisfy this demand and supply to their purchasers the pliability, visibility, and safety of digital playing cards. Companies can self-onboard in minutes, with none technical integration or further contracts or functions.
“HSBC guarantees banking options to its industrial card purchasers that match their enterprise wants, and its group is severe about delivering on that promise,” mentioned Andrew Jamison, CEO and co-founder of Prolong. “We rejoice the chance these companies should expertise spend administration the way in which it must be: activated from the very card they have already got and centered on serving to them save time, perceive their companies higher, and management their working capital.”