By digitizing the travel expense process, virtual card accounts for travel (VCAT) can help increase efficiency, spend visibility and control over travel spend. With automated travel and expense approval flows, the days of ‘spend and reclaim’ processes are over as companies can set pre-approved expense budgets for each trip and implement tighter controls to help avoid misuse and reduce fraud.
Virtual cards can also be easily integrated into the corporate booking tool or a mobile wallet, providing a contactless payment experience for employees on the road and greater control over on-trip spending.
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