vPayment is a virtual payment solution that allows you to generate single-use account numbers that facilitate secure and efficient payment for hotels. It provides you with granular control of your expenses, reduces paperwork and errors, enhances security, and offers an opportunity for online spend analysis. All of that and more with Amex payments.
Key Benefits
Maximize Control
vPayment Network allows you to specify controls on each transaction.
This corporate payment type limits exposure to incorrect hotel rates or items by controlling the absolute value of the charge (e.g. mini bar charges).
Limits exposure to abuse in/outside the hotel by controlling the spend category and limiting validity of accounts.
These payment solutions also ensure only the room rates are included on hotel stays.
Drive Savings
vPayment helps save you time while it handles the transactions. By capturing accounting data for each transaction, it reduces manual data entry or data tracking, making reconciliation easier. vPayment also improves your accounting information for later reporting or analysis by integrating any additional supplier-provided data. Reduce costs of your procure-to-pay cycle with one payment per corporate programme.
Convenient Implementation
vPayment Network helps improve processes and relationship with hotels.
Allows retention of existing procedures for entering charges, existing contract, or pricing structures.
Leverages existing merchant relationships with American Express.
Enhances settlement arrangements compared to invoice processing.
Effective Reconciliation
All payments have a unique reference ensuring your clients can easily reconcile and allocate all charges.
Automates matching of charge to booking via the unique reference allocated on booking.
Enhances the analysis of charges by additional references for each transaction.
Eases query handling with hotels and minimises the risk of charge errors.
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