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Contract Number: CNR01117
Contract Date: 04/01/2006 – 05/31/2024
Agreement: Negotiated
Renewals: 2 1-year renewals remaining
VERVE: Profile Only
eProcurement: N/A
RFP Number & Name: Negotiated – No RFP / Commercial Card Program

American Express

The American Express contract helps institutions of all sizes create a customized payment program that saves costs, creates efficiencies through automation, improves institutional cash flow, and generates financial benefits that are calculated using the aggregate volume of all participating E&I members. The entire suite of American Express B2B Services is available at exclusive pre-negotiated rates.

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American Express is committed to helping organizations manage spend. Their entire B2B suite of payment solutions, including corporate card, purchasing card, vPayment, buyer initiated payments, and AP automation helps E&I members improve payment processes.

Contract Highlights
  • Drive efficiency by reducing paper checks and transitioning to electronic payments
  • Closed loop network provides value through AMEX's direct relationships between buyers and suppliers
  • No personal liability through corporate card programs
  • Integrated seamlessly into current AP solutions and payment programs
  • AMEX's Supplier Enablement Team facilitates the supplier onboarding process
  • Corporate card products free up cash that you can put back into your business
  • Buyer initiated payments allows you to select the amount and date of the transaction, helping reduce uncertainties about payment timing and improve efficiencies
  • vPayment assigns a single-use account number to each transaction, sets a specific payment amount, date range, and transaction details to help control spend and facilitate reconciliation processes
  • Simplify the day-to-day processes for everyday purchases with corporate cards, which include monthly detailed reports with purchasing information to help track spend
  • Generous rebate program based on total E&I membership spend under this contract

Sustainability

American Express believes we have a role to play in supporting the transition to a low-carbon economy and has been working towards advancing climate solutions on multiple fronts.

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If you would like more information, submit this form and your E&I Member Representative will be in touch with you shortly.

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