Conferma To Bridge The Final Gap With E-Invoicing

23/04/2008

Having already developed the worlds first automated bill-back solution for the Corporate Hotel settlement process, Conferma is now working with a number of major hotel chains and the HMC&E to establish an e-invoicing standard for the delivery of level two hotel folio information.

In 2007, Conferma in conjunction with Barclaycard Business launched it’s latest product "Hotel Tracker" which replaced the traditional Corporate Hotel bill-back process with an automated settlement and charge matching system. Hotel Tracker has been rapidly adopted throughout the agency community. The Product compliments the way both the Corporate and Hotel processes have traditionally operated whilst bringing cash-flow, data enrichment and security benefits. The agencies benefit from an automated settlement and charge matching process, improved cash-flow and fully integrated world class PCI-DSS security features.

When the Hotel is booked, Hotel Tracker automatically issues the payment details for the Hotel to charge on client departure. At the same time the Hotel charges the Tracker account it also automatically submits an e-invoice containing detailed spend information. The agency then has the original booking data, the actual billed data that is automatically matched and an e-invoice that is VAT compliant for audit purposes.

Simon Barker, chief executive of Conferma, commented, "this is the next generation in driving cost reduction, automation, security and CSR enhancements through what is traditionally a labour intensive and fragmented process. The fully automated paperless generation for Corporate Hotel bookings is here."