Extend, a virtual card and spend management platform, has partnered with the NFL Jacksonville Jaguars to provide the team’s 200+ business users with a proactive way to manage and control company credit card spend. With Extend, the Jaguars can keep secure virtual cards on file with different vendors, share cards with employees who need to make purchases, and gain real-time visibility over spending on expenses ranging from travel and concessions to equipment and ad campaigns.
The Jaguars chose Extend over other spend management providers for two main reasons. First, the team wanted to keep its existing bank partner and credit card, and Extend offers the only issuer-agnostic platform that is integrated with banking infrastructure. The paytech’s business customers get immediate access to new card capabilities and spend management features without having to adopt new corporate cards. Second, the Jaguars wanted the flexibility to quickly update virtual cards with new spend limits, eliminating the need to create a new virtual card for every purchase. Extend enables this flexibility with a consumer-grade user experience and comprehensive customer service support.
“Our partnership with Extend comes at a pivotal time for the Jaguars, as we modernise and streamline key finance processes. By extending the credit cards we already used to create virtual cards, our departments can now purchase what they need, when they need it,” said Mark Sirota, chief financial officer of the Jacksonville Jaguars. “Digital spend management from Extend gives our team real-time data and insights to fully understand spend activity across our business.”
Businesses can deploy Extend in minutes, as there is no technical integration or new bank account application processes to complete. Instead, finance leaders gain a simple, powerful way to control their company credit cards and streamline spend management. With the ability to set dynamic controls and attach purchase orders and receipts, Extend customers can view spending across their organisations and automate tedious processes.
“Managing company credit cards can be fraught with inefficiencies and lack of transparency, but it doesn’t have to be,” said Extend CEO and co-founder Andrew Jamison. “The Jaguars are on the forefront of recognising this and Extend’s flexible platform will give them better reporting and easier reconciliation—all while remaining with the bank partners they know and trust.”
Speaking exclusively to The Fintech Times, Jamison added: “Businesses shouldn’t have to give up their credit lines, their rewards, or the cards they already use in order to streamline spend management. With Extend, the Jacksonville Jaguars finance team turned a couple of physical cards into more than 100 virtual cards to more efficiently control and track spend across different commodities like travel, concessions, merchandise, and equipment.”