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.
