work?The Corporate Checkout is added as lightweight software (SDK) straight into retailers' existing B2C webshops.
When an employee visits a retailer's website, the system recognizes the business user. The Corporate Checkout overlays the normal payment process and automatically applies all company-specific data and policies.
This covers three main features:
Profile sync: Pre-configured company profiles, purchase policies, and saved payment methods are loaded instantly.
Automatic personalization: Pre-negotiated rates, compliance rules, and preferred payment options (like virtual credit cards or central payment) are automatically applied at checkout.
Real-time data capture: All relevant transaction data, including detailed level-3 data and invoices, is instantly and automatically recorded.
Employees benefit from a smooth purchase experience just like private online shopping, and it saves them a ton of time.
Seamless shopping experience: You shop on the dealer’s regular B2C website, but with the convenience of a "Corporate Account." The process is as simple as shopping privately.
Time saver (1-Click-Procurement): Checkout is reduced to just one click since all profiles, policies, and payment info are already saved.
No more expense reports: The biggest perk: No more tedious, manual expense reports. All invoices and data get captured and sorted automatically.
No separate tools: You don't have to swap between the dealer’s shop and clunky internal procurement tools or portals anymore.
For companies, Corporate Checkout gets rid of inefficient, manual processes and replaces them with control, compliance, and cost optimization.
Automatic policy enforcement: Company policies (e.g. approval limits per employee) and contract conditions are automatically applied on every purchase.
Managing "maverick buying": Uncontrolled spend (long-tail spend) is centralized, made visible, and controlled.
Ensuring duty of care: Compliance rules are enforced by the system.
No more manual expense reports: Manual, error-prone expense and reporting processes are replaced by automated real-time data capture.
Detailed Level-3 Data: Automatic capture of Level-3 line item data makes accounting and reconciliation a whole lot easier.
Cost reduction: The need for manual checking, consolidating, and reconciling payment and booking data just disappears.
Use of virtual cards (VCCs): The tech enables you to create and use VCCs right at the point of sale (POS), so you get real end-to-end straight-through processing.
