The only time I got a corporate card, the company used a third option: a corporate AMEX that you had to pay off on your own + timely reimbursements + rule against plugging your own travel reward cards to collect miles and bonuses.
From employee point of view, this setup had all the drawbacks of using your own card, with none of the benefits. Well, OK - it saved you a tiny bit of time when doing expense reports, by automatically pre-filling the expense sheet with transactions pulled from AMEX statement. So there's that.
As for software licensing, that same company had a system through which you could request software, and appropriate costs would be deducted automatically from somewhere (e.g. team budget, or more likely, your paycheck). So again, a third option.
From employee point of view, this setup had all the drawbacks of using your own card, with none of the benefits. Well, OK - it saved you a tiny bit of time when doing expense reports, by automatically pre-filling the expense sheet with transactions pulled from AMEX statement. So there's that.
As for software licensing, that same company had a system through which you could request software, and appropriate costs would be deducted automatically from somewhere (e.g. team budget, or more likely, your paycheck). So again, a third option.