# Case study

## Life sciences: Moving at the speed of science

### Virtual Card Spend

- Lab Supplies
- Equipment
- Electronics
- Software
- General & admin

### Summary
Transforming the payments management process for a pioneering oncology company focused on precision medicine.

### Challenge
Managing payments with a handful of credit cards created a cascade of challenges. All transactions lumped into a few statements meant slower reconciliation and chasing down receipts. And without visibility into credit limits, _“Lab Ops would place orders and sometimes get declined,”_ shared, the company’s controller.

### Solution
The controller was able to onboard with Extend in a matter of minutes and bring order to the chaos. Now, he instantly issues virtual cards with a specific limit, to specific team members, for specific purposes. _“I also like that they can tag expenses and add receipts right in the platform.”_

> “Science moves fast. With Extend, I’ve been able to enable our scientists to work without interruption—and that’s the most important thing.”

### Outcome
- **No more over-credit-limit declines.** Team members can request and receive virtual cards with custom expiry dates and credit limits to keep the company on budget.
- **Close the books in half the time.** Transaction activity is categorized and easily translated into their ERP system to accelerate bookkeeping.
- **Improved budget planning.** Full and organized view of spend and easy reporting provide insights for budget allocation.
- **Reduced fraud.** Allocating a virtual card per vendor keeps the parent card more secure and avoids the hassle of replacing it with every supplier in the event of fraud.

## Talk to the experts
Learn more about Extend and find out if it's the right solution for your business.

[Contact us](/content/contact/index.html)

### Platform
- [The Extend app](/content/platform-overview/index.html)
- [Virtual card API](/content/virtual-card-api/index.html)
- [AI toolkit](/content/ai-toolkit/index.html)
- [Preferred bank partners](/content/participating-banks/index.html)

### Features
- [Virtual cards](/content/app-features#virtual-cards/index.html)
- [Budgets](/content/features/budgets/index.html)
- [Bill pay](/content/features/bill-pay/index.html)
- [Receipt management](/content/app-features#receipt-management/index.html)
- [Expense Reports](/content/app-features#out-of-pocket-expenses/index.html)
- [Reconciliation](/content/app-features#reporting-and-reconciliation/index.html)
- [Integrations](/content/app-features#integrations/index.html)

### Participating Banks
- [American Express](/content/pages/american-express/index.html)
- [Banc of California](/content/get-started/index.html)
- [BMO](/content/banks/bmo/index.html)
- [City National Bank](/content/get-started/index.html)
- [Corpay](/content/get-started/index.html)
- [HSBC](/content/banks/hsbc/index.html)
- [PNC](/content/banks/pnc/index.html)
- [Regions Bank](/content/get-started/index.html)
- [Silicon Valley Bank](/content/get-started/index.html)
- [Texas Capital](/content/banks/texas-capital/index.html)

## Additional Case Studies
1. **Software development: Paying smarter to play harder**  
   
2. **Real estate development: Securing spend with existing credit**  
   
3. **Empowering teams & staying on budget with Levin + Riegner**

## Call to Action
Learn more about Extend and its capabilities by visiting the **[Extend Website](/content/site-root.html)**.