Commercial cards as a payment solution have developed a lot in recent years. More and more businesses of all sizes, across all different sectors, are seeing the value in using commercial card solutions in both day-to-day and business critical transactions. 

For businesses looking to streamline their payment processes, support their working capital and achieve greater efficiency, commercial cards can be a smart solution. If your business has used commercial card solutions in the past for travel and expenses, for example, but hasn’t considered them as a broader payment instrument, you might be surprised. 

Optimising transactions

Unlocking that opportunity and helping businesses trade friction free is why we’ve launched our new eOptimise solution. How does it differ from other commercial card solutions? eOptimise means:

• Shifting the processing of the transaction, and the cost, from the supplier to the buyer, or even allowing that cost to be shared.
• Enabling buyers to achieve early payment discounts. 
• Providing payment amount certainty by putting you the buyer in control of the amount being paid.
• A win-win solution, with credit terms that help buyers keep their cash for as long as possible and suppliers to get paid as quickly as possible.
• No process change, because eOptimise works with your existing systems, so you avoid the time, effort and money associated with change.
• No limits. Whether you’re paying a £20 or a £20 million invoice, it works the same.

Customers that already use our commercial cards can speak directly to their cards team to find out more about eOptimise. For those new to commercial cards or to Lloyds Bank, you can contact us through our website or email, and we can put you in touch with our specialist teams. They’ll pick up with you to arrange a thorough analysis of your existing payment processes and needs, how these might develop, and identify the best solutions for your business. This process can help businesses understand which solutions are available to optimise their working capital and supplier relationships.  

Using cards to support business-to-business relationships is an evolving landscape and, as an industry, card issuers are working hard to specifically address the needs of businesses operating in that space. It’s about enhancing capability and reducing friction, and eOptimise is a great example of that.

It sits within an even broader range of business-to-business solutions too of course. But it’s really just the start. Our commitment to innovate will mean that we improve data analysis, make price points more competitive, and deliver greater value than ever before. 

See how we've helped other businesses like yours: Xcool Group. For more information, visit lloydsbank.com/cardsolutions or email us at lbgcommercialcards@lloydsbanking.com.