Streamline The T&E Payment Process
When employees use personal credit cards for corporate Travel & Entertainment, individual payments have to be made for each expense report filed. The more efficient way is for employees to use a Visa Corporate Card instead, because just one cheque to the issuing bank is all that is required to pay for all employee expenses.
Employees directly benefit too, because automated expense reporting tools can reduce the time spent completing expense reports by as much as 67%.1
In addition, the Visa Corporate Card Program makes it easier to track and maintain control over employee T&E spending around the world.
Manage Company Spending More Effectively
The Visa Corporate Card Program has a number of features that are specifically designed to help companies control T&E spending. Detailed reporting facilitates effective analysis of individual and company T&E spending. Visa Enhanced Data Services provide a greater depth of information to leverage suppliers and negotiate better contracts, while pre-set spending limits and authorization controls help to ensure T&E policy and budget compliance.
Control Employee Spending
The Visa Corporate Card Program gives you the tools to maintain control of employee spending. Variable transaction authorization limits and Merchant Category Code blocking allow management to establish spending guidelines and approve merchant types in advance to ensure greater control of spending. Detailed transaction and spending data gives you a clearer picture of individual cardholder and overall company spending and vendor costs. This will help to identify maverick spending and cost over-runs to ensure compliance with company spending policy, budgets and limits.