Virtual Payment for Travel Suppliers

Virtual payment optimises the flow of corporate travel booking

The key advantage of virtual cards: using a card number only once gives every purchase its own unique identifier. This allows datta to be customised and tracked all the way through the life cycle of the booking

Eliminate fraud and unauthorised spending

Control what employees spend. You can set whatever parameters you like on every purchase made with a virtual card. Tailored controls include:
— The maximum or exact amount that can be paid
— Who is paid
— When the payment is made

Automate reconciliation

Or, more accurately, get rid of the need for reconciliation. With virtual cards, the unique payment number generated at point of sale means the purchase and payment are inherently reconciled as soon as payment is made.

Eliminate post-trip expense reporting

Virtual card payments can be fed directly into automated expense reporting systems at point of sale. This leaves fewer expenses to be reclaimed retrospectively after the trip, saving time for travellers and finance admins alike.

Get the Virtual Cards Travel Manager Guide

This guide will explain how they work, the benefits to travel managers and point to their future potential. It will also demonstrate how offering a virtual card service can be straightforward and easy to achieve. Get it here

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Contact Conferma Pay to find out more

Want to learn if virtual cards are right for your business? Submit a query to our sales team.

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