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As a business owner, you know that managing expenditure is part and parcel of running a business. It's all about maintaining a delicate balance between your profits and overhead costs like rent, insurance and supplies. 


That's why keeping an accurate track of your expenses is paramount - the more you know, the better it is to control your budget. From here, you can figure out where you can cut your costs or invest in order to maintain your business. 


One great way to track and manage your business spending is through business credit cards. Here's how:

Easily Track Your Expenses

Credit cards give you detailed reports, allowing you to see your business expenses at a glance. With this type of overview on your business spending trends and habits, you can see where you might need to reduce spending, and also give you ideas on opportunities you can expand on.


If you have multiple employees using corporate credit cards, getting one centralised expense report that shows all their expenses in one statement takes the headache out of reconciling all your expenses, and cuts down the time needed to do this.


With CIMB’s SME BusinessCard, you can easily see all your corporate card spending in one place, and download what you need. It also allows you to manage and update your card accounts, and to change your spending limit. 

Control Spending

With corporate credit cards, you can have multiple employees that each have their individual spending limits, so you can control your business’ spending while still letting your team buy what you need for the business. 


Credit cards also give you cash flow flexibility, so if your business needs to make a large purchase, you don’t need to take out a loan/financing or dip into your personal funds. CIMB’s SME BusinessCard is accepted globally so you can make purchases overseas without having to worry about whether the payment is going to go through.


With CIMB’s Purchasing Card (Virtual), you can even automate your payments and review spending through a safe and secure channel. It seamlessly integrates into your procurement system and streamlines the payment process.

Keep Business and Personal Expenses Separate

Whether you’re a small business owner or run a large corporate, keeping business and personal expenses separate makes it easier to track your expenses and helps make accounting and taxes easier. 


A corporate credit card allows you to buy what you need for your business without having to go into your personal funds. It also means that you or your employees don’t have to pay first and then wait to be reimbursed. 

Using a corporate credit card helps you manage your business expenditures and makes it easier to seize opportunities to grow your business. Make sure you do your research to find the credit card that fits your business needs. If you’re still unsure, you can always speak with our relationship managers or walk into any CIMB branch to find out more. 


This article is brought to you by CIMB as part of our ongoing efforts to raise the level of financial literacy among Malaysians. Financial knowledge and understanding are key to making well-informed and meaningful financial decisions towards positively improving welfare and well-being of communities. This is one of our many efforts to achieve CIMB’s purpose of advancing customers and society.