A digital wallet can do more than complete transactions. It can also store gift cards, loyalty cards, identification, boarding passes, tickets, and anything else you would keep in a physical wallet.
Virtual credit cards offer many benefits to businesses, from lower processing costs and easier supplier payments to better internal accountability. But just like your business has unique financial needs, today’s virtual cards are not a one-size-fits-all solution.
Virtual card payments are an intelligent form of payment processing with a variety of cost-saving benefits. From better security to a more efficient accounts payable workflow, businesses of all sizes should look into how virtual card payments can streamline their B2B transactions.
The primary goals of spend management are to prevent unnecessary spending, maintain accuracy and organization throughout the entire billing lifecycle, and manage supplier relationships.
Expense management is a system to control, track, and process employee expense reimbursements and employee-related corporate credit card transactions. Specialized online and mobile app expense management software integrates with accounting software and ERP systems.
