Comdata Announces Integrated Virtual Card Solution for Concur Invoice Clients
Comdata’s integration to the Concur platform creates powerful accounts payable automation solution for businesses.
June 11, 2021
NASHVILLE, Tenn. – Comdata, one of the world’s leading payment technology companies and largest issuer of virtual credit cards for accounts payable, has unveiled a native integration with Concur Invoice, offering businesses a seamless – and paperless – way to receive invoices from suppliers and execute secure, electronic payments.
“We are excited to announce the formal launch of our partnership with Concur,” said Chris Shanahan, SVP of Strategic Partners Group at Comdata. “This partnership will integrate Comdata’s virtual card into the Concur Invoice system to provide our joint customers with a comprehensive payment automation solution. In addition to paying invoices with check or ACH, our joint clients can now make payments using a secure, single-use MasterCard® account number to minimize the cost and hassle of paper check payments.”
Concur Invoice and Comdata works seamlessly with a client’s ERP or accounting system, allowing businesses to capture and automate invoices using machine learning while integrating payments into a single system to manage spending. Through this partnership, Concur Invoice customers have visibility to streamline approvals and can speed the transfer of funds by completing the AP process with Comdata.
With Comdata, Concur Invoice customers can simplify vendor payments. The basic process works like this:
1. The customer submits invoices for payment per the usual process.
2. If the vendor being paid is flagged as a credit card acceptor, the payment file is automatically sent to Comdata.
3. Comdata generates a single-use 16-digit MasterCard number and delivers that number, along with full invoice and remittance data to the vendor.
4. The customer receives a reconciliation file back, just like a positive pay file from the bank.
Concur Invoice clients can now easily implement the Comdata solution by activating the Comdata application in the SAP Concur App Center. For more information, call 1-800-COMDATA or email firstname.lastname@example.org.
For more information on Comdata's virtual card solution, here.