VIRTUAL CARD FOR TRAVEL
Better Spending Almost Anywhere
Paying your travel vendors with virtual credit cards can provide multiple benefits for both your business and the vendors you work with. It can reduce costs, streamline processes, and mitigate risk.
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Increase Insights for Travel Managers
Gain insight into travel spend with more accurate, detailed data, allowing you to better negotiate with your vendors.
Improve Travel Policy Compliance
Virtual credit cards improve compliance by giving organizations the opportunity to apply additional controls based on your company’s travel policy.
Virtual credit cards integrate into your business travel resources and networks, and can sit along your current T&E card program. This means you’ll need to change little about your current processes.
Improve Vendor Relationships
There are numerous benefits for travel vendors who accept virtual credit cards, including less paperwork, no hardware, and fewer invoices being sent to travel agencies.
Virtual credit cards reduce the need to reimburse employees who haven’t been issued a corporate T&E card.
Improve Travel Cardholder Process
Since there are fewer expenses to be claimed after the trip, this saves time for travelers.
Reduce Personal Liability
This one is pretty self-explanatory and will be a benefit to your cardholders.
Finance Department System Integration
Virtual credit cards automate the payment and reconciliation process by integrating into your accounting system/ERP.
Process your travel payments safely and securely with Comdata’s virtual credit card program. You’ll reduce the possibility of lost or stolen cards getting into the hands of unauthorized users, while curbing out-of-policy spending by employees.
Improve Cash Flow
Virtual credit cards give your business the opportunity to earn rebates based on your travel spend. Rebates on virtual cards can often be higher than traditional cards.
The payment industry is moving increasingly towards paperless vendor payments, and it is important to understand how they can benefit your business. Learn more about how to take advantage of virtual cards for your business.
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