Virtual payment optimises the flow of corporate travel booking and the key advantage of virtual cards: using a card number only once gives every purchase its own unique identifier. This allows data to be customised and tracked all the way through the life cycle of the booking.
Control what employees spend. You can set whatever parameters you like on every purchase made with a virtual card. Tailored controls include:
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.
Virtual card payments are managed, reconciled and paid centrally. This leaves fewer expenses to be reclaimed retrospectively after the trip, saving time for travellers and finance admins alike.