Conferma Pay and Inlogik have partnered to launch a new solution for business travellers to simplify and automate the reconciliation of hotel expenses using virtual card technology.
Businesses implementing this new service will have all of their employees’ hotel invoices automatically tracked and transformed to be tax and audit ready. This streamlined process not only saves corporate travellers and their employers significant time, it provides improved oversight and increased control over expense budgets.
Understanding the need for payments to be efficient, fast and secure, Inlogik’s ExpenseMe/ProMaster Expense Management System has been integrated with Conferma Pay’s virtual card solution to automate the often-laborious expense process. This boosts employee satisfaction, reduces intentional and accidental fraud, and improves compliance.
The virtual cards enable the capture and categorisation of line item accommodation folio data with GST extracted. Organisations can now claim the GST because they have easy access to the invoice detail.
Jason Lalor, Chief Executive Officer at Conferma Pay, comments, “Travel is an essential part of doing business. However, managing the associated expenses can be a huge headache, not only for individuals tracking their spend but for businesses who lose time to inefficient expense management methods. Drawing on our long-standing experience in the hotel and travel industries, this new system gives business what they need most: more time and better visibility.”
The service is based on Conferma’s snap+ solution, which collects invoices and identifies relevant invoice data, breaking down the total cost of stay, including the room rate and extras such as parking, meals and laundry. This information is then provided to Inlogik to automatically create the expense entries, applying their financial coding across the data which provides the gross, net and tax amounts associated to each line item.
Richard Eskell, Chief Executive Officer at Inlogik, comments, “The granular level of data this solution provides means businesses can have greater visibility over the detail of their travel expenses. This critical insight, as corporate travel continues to grow, is key to giving businesses insights and understanding of their operations at every level.”
ENDS
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About Conferma Pay
Conferma Pay is the world’s foremost provider of virtual payments technology. Founded in 2005, and recently acquired by Sabre with additional investment from Mastercard, Conferma Pay combines innovation and expertise to push the boundaries of what can be achieved in the world of virtualized business payments. In the travel industry, Conferma Pay connects issuers to more than 700 travel management companies, all major global distribution systems and over 100 online booking tools. The company is fully integrated with all major card schemes and serves over 50 banking partners, that issue Conferma Pay generated virtual cards in nearly 100 currencies. www.confermapay.com
About Sabre Corporation
Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveler experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre’s technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information visit www.sabre.com.
About Inlogik
Inlogik is a market leader in card and expense management solutions, providing end-to-end solutions for organisations around the globe. Inlogik offers corporate expense management through our flagship product, ExpenseMe / ProMaster. Clients are provided with a highly configurable, scalable expense management system with ability to meet simple to complex requirements, and flexibility to incorporate business policies. Integration capabilities allow data to be synchronised directly with your finance, HR, and payroll systems. An early adopter of best-practice data security and privacy standards, Inlogik has a proven track record in delivering real savings to businesses. Find out more at www.inlogik.com.
Conferma Pay is a global financial technology company. We design and integrate virtual payment systems that provides a more efficient, seamless and secure way to pay for for businesses.
Conferma Pay was born in Manchester in 2005. Since then we have connected over 700 TMCs, and directly integrate with all the major GDSs and OBTs. Our roots lie in corporate travel payment integration.
We enable our payment providers to flow virtual cards into the preferred purchasing process of any business travel buyer. Crucial to this is our network of banking partners, who have issued virtual cards in over 200 countries, in 40 currencies with over 45 commercial banking partners via all major card networks.
Our ecosystem continues to expand to meet the growing requirements of our global customer base.
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With 25 years of experience in the payments industry, Sonya joins Conferma Pay from her previous role as Senior Vice President UK & Ireland and
Conferma Pay and Inlogik have partnered to launch a new solution for business travellers to simplify and automate the reconciliation of hotel expenses using virtual