Genective is a joint venture between the Groupe Limagrain and KWS Group, the largest seed companies in France and Germany respectively – and the fourth and fifth largest in the world. Headquartered in Champaign, IL, the company’s vision is to become a globally impactful contributor to agriculture through biotechnology. Right now, they are dedicated to the development, deregulation and commercialization of transgenic corn traits.
The company’s 25 employees are based in Central Illinois. Throughout 2020, their card spend has been relatively low – roughly $65,000 annually. Genective’s CFO expects spend to more than double as international travel begins to open up again and new staff comes on board. As of early 2021, a significant percentage of commercial charge card use was for non-travel items, including office supplies. With the expansion of card use, they were looking to add efficiency to the company’s card program. This included not only global acceptance and traveler benefits, but also a card management platform that helped minimize manual processes with better reporting and a range of self-service capabilities.
HSBC recommended its Corporate World Elite Mastercard®, and asked Genective to pilot the new CenterSuite card management portal. Cardholders enjoy airport lounge access, free WiFi via Boingo, travel insurance and 24/7 multi-lingual support. There are no foreign transaction fees and additional perks like annual rebates on rideshare services Uber and Lyft, discounts on business software such as Intuit® and Salesforce and an $85 credit for TSA PreCheckTM or Global Entry programs. Cards also earn unlimited points that can be redeemed for travel, merchandise, gift cards and cash by the company. A single comprehensive platform allows for real-time account management and rewards redemption.