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Product Spotlight – snap

'Smart New Accounts Payable' is a reporting and analytics platform, where customers can review deployments, transactions and generate reports using the rich data collected throughout the virtual card cycle.

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How does it work?

Conferma snap allows corporate finance teams to streamline the business expense reporting process with automated reconciliation of payment and purchase data in one place. Conferma snap is a reconciliation and reporting service that gives a complete audit trail of corporate spend. It provides near real-time visibility of all virtual payment spend activity by automatically reconciling purchasing and transaction data from over 75 banks and over 150 purchasing platforms. The data captured can be customised with additional management information to enhance reporting transparency. Conferma snap can feed data files directly to the banking partner and Expense Management System of choice if required.