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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

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Commercial Card UMB

Experience the value of a commercial card consortium

UMB is strongly committed to providing commercial card programs and virtual payment solutions to the public sector. UMB has partnered to create a Commercial Card Consortium to provide your organization access to a full range of solutions, at no cost, and aggregates the spend of participants to maximize each participant’s rebate. An additional benefit to your organization is the consortium grants you access to the program without having to execute an RFP. UMB’s combination of benefits, service and no-cost technology can help you achieve more with less. 

 

  UMB Consortium Benefits
RFP Not Required
  • Eliminate the administrative burden on conducting an RFP
  • Contract awarded to partner, allowing entities to participate
  • Based upon entities purchasing regulation
Increased Rebate
  • Rebate driven by consortium’s aggerated spend and not individual entities spend
  • No minimal volume or average transition size requirements
Dedicated Account Executive
  • Single Account Executive across all participants whose responsibility is to support program goals and share best practices among participants.
  • Account Executive assigned no matter program size
Cost Savings 
 
  • No annual fee
  • No implementation cost
  • No cost of online solutions, including Expense Reporting and Mobile

 

  UMB Commercial Card Benefits
Full Suite of Online Program Management Tools
  • Manage cards and users online
  • Enhancement reporting options
  • Expense Reporting with mobile receipt capture
  • Data extra options to streamline processes
Working Capital Management
  • Extend working capital by 40 days on average
  • Monthly statement with 25-day grace period
Improved Operational Efficiencies
  • Eliminate POs for low dollar expenses transactions
  • Greater visibility and accountability into purchases
  • Integrate with accounting systems and online reporting for efficient reconciliation and transaction posting
Enhanced Controls 
 
  • Virtual and physical account options
  • Single purchase and monthly account limit options
  • Vendor blocking – restrict card usage
  • Zero fraud liability

Program Overview - More Visibility, Access and Control

UMB Commercial Cards come with a robust solution suite to meet your diverse card program needs. Our solutions offer a powerful set of Commercial Card management tools.

UMB Commercial CardTM

Fully integrated card administrative functions with the power of expense management tools. The UMB Commercial Card enables program administrators to manage purchasing card transactions through an easy to use web-based user interface that integrates with accounting systems.

UMBCC Mobile App

A powerful solution built for the demands of the corporate traveler. The UMBCC mobile app allows cardholders and approvers to perform required expense allocation, as well as capture and attach receipts when away from their computer.

Visa Payables Automation (VPA)

Reduce manual processing costs by automating the procure-to-pay process. Set controls on purchases and enhance reconciliation through reporting.

Integrated Payables with Paymode

A unique option for secure electronic payments and maximum rebate opportunity which adds efficiencies and simplifies processing across your vendor population.

Commercial Interface Files

Files can be provided directly to clients or to third party expense and ERP systems to gain powerful insights into card program expenses. (Custom design and build fees may apply.)

For more information contact:

Phillip Neidhart: Philip.Neidhart@umb.com

Jessica Ranger: Jessica.Ranger@umb.com