Virtual Payment Use Cases

How virtual payment can make your life better

The use of Virtual Cards isn't just of benefit to the finance department or the corporate traveller, they can help people throughout your organisation. We've listed a few key roles and how they're affected below:

HOW VIRTUAL CARDS HELP PROCUREMENT

Conferma powered Virtual Cards are the Procurement Managers dream. They cut out time consuming, manual processes which may reduce costs. They are transparent and eliminate fraud, and Virtual Card deployment can be subject to company travel policies, such as economy class only.  Finally, their data can be easily reconciled, and data fields are unlimited, which enables costs to be correctly attributed and recharged if necessary. What's not to like?

WHY VIRTUAL CARDS ARE GOOD FOR HUMAN RESOURCE MANAGEMENT

Conferma understands that HR managers may be reluctant to hand over company cards, particularly to part time workers or newly hired staff. Even when staff are full time, the resource needed to reconcile bookings from corporate cards can take up many labour hours.  Conferma powered Virtual Cards eliminate many of the concerns a HR manager could have. Virtual Cards allow you to: Create an ‘everyone's equal’ culture, set spend limits so no individual is exposed, reduce fraud, reconcile who has spent what and how that reflects on their tax position.

WHY VIRTUAL CARDS ARE ESSENTIAL FOR FINANCE DEPARTMENTS

At Conferma we understand that a tight control over budget is the cornerstone to business success. We have designed our Virtual Cards to ensure that finance departments have less concern when it comes to travel spend. Our Virtual Cards enable you to control employee expenditure, minimise fraud, maximise transparency and maintain compliance including PCI.

HOW VIRTUAL CARDS MAKE A TRAVEL MANAGERS ROLE EASIER

At Conferma we have made it our mission to solve the main issues faced by travel managers of large corporations. Working with our partners, we have developed Virtual Cards, which solve these issues by saving on reconciliation costs, driving online growth over manual bookings, creating an end to end process, expanding a company's travel programme to all employees, and eliminating internal fraud.