"With Pliant, we avoid currency risk and the need for hedging."

Challenge: Using a single credit card for multiple employees

Thomas Kasper and his team purchase software in multiple currencies, primarily US dollars. Historically they made foreign payments by prepayment or by invoice with a payment deadline, and used a physical credit card from the company's bank that several employees shared at the same time. However, the two-factor authorization proved to be unsuitable for the day-to-day work of the company. "I always had the PIN on my phone and had to give it to the appropriate employee. That's not easy when you're in the middle of a meeting", says Thomas Kasper.

Solution: Virtual corporate credit cards for resellers

With Pliant's cards, Prianto PPM GmbH receives a corporate credit card solution that they can adapt flexibly to their desired application, and is suitable for purchasing software in foreign currencies. Prianto now uses virtual Visa cards with worldwide acceptance. They create corporate credit cards for multiple employees in the Pliant app where they also set the limit for each card.

"On one occasion, the information on the card was stolen. I was able to lock the card in the app and issue a new card to the employee on the spot. In the past, we would have had to wait a week or two for a new credit card to be issued," explains Thomas Kasper.

Credit card payments eliminate foreign exchange costs and increase currency safety.

Outcome: Higher margins and simpler processes

Margins are often thin in the IT industry. This makes being efficient and cost-saving even more important. With Pliant, Prianto avoids license purchase fees and also receives cashback. Plus, they avoid the 1.75% surcharge for foreign currency expenses because Pliant doesn't charge it.