Corporate Purchasing Cards Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis
The corporate purchasing cards will grow at a CAGR of 8.92% during 2020-2024. Prices will increase by 2%-3% during the forecast period and suppliers will have a moderate bargaining power in this market. Wells Fargo & Co., American Express Co., BNP Paribas, JPMorgan Chase & Co., HSBC Group, Bank of America Corp., Citigroup Inc., Banco Santander SA, Barclays Bank Plc, and ING Group are among the prominent suppliers in corporate purchasing cards market.
Who are the Top Suppliers in the Corporate Purchasing Cards Market?

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Leading global suppliers can assist buyers in realizing high-cost savings through their efforts on areas such as backward integration, supplier synergies, reducing total ownership cost, conference participation, negotiate on pricing and contractual terms, ad-hoc spend management, adoption of automation, quality management, and managing inventory shrinkage. Collaborations with global suppliers will also help buyers in cost-saving and ensuring high-quality procurement in the dynamic market.
This report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their equipment finance requirements. Some of the leading equipment finance suppliers profiled extensively in this report include:

Wells Fargo & Co.
American Express Co.
BNP Paribas
JPMorgan Chase & Co.
HSBC Group
Bank of America Corp.
Citigroup Inc.
Banco Santander SA
Barclays Bank Plc
ING Group

Supplier Selection and Evaluation
Profile and service capabilities of the service provider, industry specialization of the service providers, reputation of service providers, and assessment of value-added services are some of the most critical parameters that buyers use to shortlist the suppliers in equipment finance.
This report evaluates suppliers based on industry experience, customer support services, security systems and standards, and vendor acceptance. In addition, suppliers are also shortlisted based on business needs, technical specifications, operational requirements, security compliance, regulatory mandates, legal requirements, quality control, change management procedures, pricing models, penalty clauses, SLA nuances, acceptance criteria, and evaluation criteria.
What are the Major Pricing Trends in Corporate Purchasing Cards Procurement?
The pressure from substitutes and a high level of threat from new entrants has resulted in the moderate bargaining power of suppliers. This makes it extremely important to get the pricing and pricing model right. Buyers should align their preferred pricing models for corporate purchasing cards with the wider industry and identify the cost-saving potential.
Interchange-plus pricing, blended pricing, and subscription-based pricing are the most widely adopted pricing models in the corporate purchasing cards. Each pricing model offers optimum benefits and fitment in specific situations. Buyers should identify the model that suits their operations in the best manner and link supplier performance to the pricing models.