European travel and expense (T&E) management provider KDS has formed a partnership with travel and expense booking, settlement and reconciliation technology group Conferma, which will enable KDS to offer a virtual payment platform to clients, offering traveller payment flexibility with improved payment security and management control.
“This partnership will facilitate our client travel management and will ultimately help them reduce their spend,” said KDS director – global business development, Hubert Martin. “Travel managers can now have at their fingertips a high quality, accurate and full audit trail that helps drive corporate governance, adherence to policies and enhanced supplier management.”
KDS added that while organisations and travel managers demand control and visibility of spend they don’t necessarily want to issue all their travelling staff with a corporate card. In association with their banking partners Conferma creates a virtual card solution, which companies can use to pay and settle travel bills only when they are needed.
Conferma then provide matching data, which includes booking, payment and invoicing management information which can be organised by cost centre, individual business traveller or hotel property. This automated matching process reduces administrative time and room for error, and therefore ultimately saves money.
Apps are a critical part of treasury's shift into mobile banking as 67% of treasury and corporate finance professionals said mobile banking services are of particular interest to them in a recent survey.
The fact that the world’s biggest technology firms are branching out into the physical world is a huge opportunity for traditional business models, said inspirational speaker Laurent Haug told treasurers at the BNP Paribas Cash Management University.
It’s no secret that technology is rapidly changing the face of treasury. Joseph Reger, fellow and chief technical officer in EMEIA at Fujitsu, believes that 2018 will be a coming of age for both artificial intelligence and the Internet of Things (IoT).
Despite being behind the likes of Europe and China, the US payments industry is now rapidly advancing, said Anish Kapoor, CEO of AccessPay told GTNews in an exclusive interview.