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Published byDaniel McCoy Modified over 9 years ago
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SABRE VIRTUAL PAYMENTS Karen Frayer Sabre Virtual Payments Manager
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LET’S TALK ABOUT PAYMENT T&E is typically the second largest controllable cost for corporations… Unclear if employees are complying with travel policy …which makes their jobs more difficult and time consuming than it needs to be Unable to provide timely, accurate reports Inconsistent and expensive reconciliation processes Risk of internal and external fraud …but traditional centrally billed solutions leave managers with little visibility and data…
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SABRE VIRTUAL PAYMENTS Book travel with agency or through online booking tool Select virtual card: Amount Date validity Merchant category Virtual card automatically created with: Card number Expiration date CCV Transmit confirmation to the supplier Payment made to supplier at time of purchase Match automatically booked data to billed data in the reconciliation tool
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SABRE VIRTUAL PAYMENTS More Control Drive travel policy compliance by ensuring that only approved expenses are allowed Automatic Reconciliation Cut administration costs through automated booking to payment matching Reduced Risk Reduce fraud exposure with simple recognition of policy exceptions Improve security by eliminating plastic cards and issuing virtual cards with credit limits, merchant category controls and validity date restrictions Enhanced Data Smarter reporting improving the ability to negotiate with preferred suppliers based on increased adoption, better quality data and visibility of total spend Increased Flexibility More choice by supporting all major card networks and many major banks, offering both a credit and pre- funded model Sabre Virtual Payments provides access to innovative payment technology that reduces the cost associated with reconciling travel and payment data, limits fraud exposure and increases travel policy compliance
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VIRTUAL PAYMENT USE CASES Employee Travel Business travel form of payment Employee meetings or training Infrequent travelers Unmanaged travel segments Non-Employee Travel Contractor travel Recruitment Client meetings Supplier Payments Remit net value to supplier
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BANKING PARTNERS
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Value to your travel process Payment Integrated at the Point of Sale PCI Compliant Solution Value Added Service Process Improvement Value to your business partners Secure Process and Delivery of Payment Leverage Existing Banking Relationships Reconciliation Data Accuracy Removal of Financial Exposure Offer Multiple Funding Methods SABRE VIRTUAL PAYMENTS
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INTEGRATION Point of Sale Integration Streamline processing by generating virtual cards directly in your workflow No need to visit external websites Eliminating the need for manual work managing credit card authorizations
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AUTOMATED RECONCILIATION Automated Booking to Payment Matching Better quality data Visibility of total spend Automatically matches travel data to billed data Data updates occur daily Sends automatic request for folio data Identifies exceptions to policy
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TRANSACTION AND REPORTING DETAIL Transaction DetailsReporting Includes supplier, date and card information Transaction search capability Incorporates custom data fields Exports to CSV or Excel file Ability to upload to accounting systems
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PAYMENT GOES MOBILE WITH TRIPPAY TM Streamlines payment process with automatic delivery of the card number to the traveler’s mobile device Enhances travelers’ experience with easy hotel payment confirmation re-send functionality Increases security with access to virtual card from day prior to hotel check-in until day after check out Saves time by allowing traveler to submit a photo of the hotel invoice to the reconciliation tool
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HOTEL & AIR DEMONSTRATIONS Hotel Booking and Payment Add Virtual Card to a Booking Add Virtual Card to Existing Booking Air Ticketing Ticketing and Reconciliation Process
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DEMONSTRATIONS Reconciliation Automated Matching of Booked and Billed Data TripPay TM TripPay TM Process Pre-Funded Solution Pre-Funded Process GetThere Integration for Hotels GetThere Integration for Hotels Process
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