JP Morgan has issued a report titled "The New Migration: Global Card Programs" in which the company shares best practices for building successful regional or global travel and entertainment card programs.  As current economic conditions are forcing financial managers to review their procure-to-pay processes, JP Morgan states that nearly immediate financial and compliance benefits can be delivered if corporations put more focus on improving and controlling their global T&E spending.

"As companies focus more on optimising cash management from a worldwide perspective, firms are increasingly migrating to regional or global T&E card programs for centralised control and visibility into spending," said Alan Koenigsberg, managing director for International Card and Order-to-Pay at JP Morgan.  "Our new report offers tips on how to most effectively launch and manage a global card program and achieve financial and operational results within a relatively short time frame."