Individual Billing and Individual Settlement
With Individual Billing/Individual Payment (IB/IP), each Cardmember receives a monthly billing statement from American Express. They are responsible for reconciling the account and remitting payment directly to American Express. Each Cardmember submits an expense report in accordance with your reimbursement policy.
This option reduces your company's administrative workload and encourages timely expense report submissions.
Individual Billing and Central Settlement
This option combines individual billing with centralised payment of all approved business expenses charged to the Corporate Card. Each Cardmember is responsible for monthly statement reconciliation, timely expense report submission and direct payment to American Express for personal and unapproved business charges.
Your company issues a single payment to American Express for all Cardmembers' authorised charges, streamlining the payment process.
Central Billing and Central Settlement
With Central Billing, all Cardmember balances are itemised in a summary statement that is centrally paid by your company. Individual monthly billing statements are printed and included with the summary statement.
Ways to Settle
The Corporate Card programme enables Cardmembers and companies to make payments online, by cheque and in cash.