Case Study: a pioneering oncology company streamlines spend and reduces fraud with Extend

Life sciences Moving at the speed of science

A pioneering oncology company focused on precision medicine faced significant challenges managing payments with a handful of physical credit cards. This led to slow reconciliation, difficulty tracking receipts, and frequent over-credit-limit declines that interrupted critical lab operations. The customer turned to Extend for a solution using its virtual card platform.

By implementing Extend, the company's controller could instantly issue virtual cards with specific limits for specific team members and purposes. This solution eliminated over-limit declines, allowed the company to close its books in half the time, and provided improved spend visibility for better budget planning. Extend also helped reduce fraud by allocating a unique virtual card per vendor, securing the parent card.