Digitisation in expense management offers companies enormous potential for optimising processes and thus increasing efficiency. Visa's virtual corporate cards are a modern solution in this sector: they work like physical cards but are purely digital – and offer decisive advantages for travel management.
Advantages for business trips and immediate payments in everyday business
Every day companies benefit from the many fields of application virtual cards offer – especially in travel management. Virtual cards can be activated for a set period of time, assigned an individual spending limit, and deactivated as needed. For example, if you need a payment solution for an employee's unplanned business trip, the virtual corporate card can be added directly to the employee's smartphone mobile wallet. They can then use the card immediately – for train or taxi transportation, accommodation, meals, or other expenses. There is no need to apply for a physical card which makes payment processes more agile. It also improves the efficiency of accounting, as billing can be done more easily and transparently.
Or imagine a different scenario: an employee needs to cover expenses on short notice. Companies can also respond to this with the virtual Visa card. The employee can be issued a virtual card with a defined limit to be used only for a specific purpose. Once the payment is made, the card is deactivated. This simplifies the tracking and auditing of expenses, increasing efficiency and transparency at the same time.
Security and easy integration
Whether on business trips or for ad hoc payments in procurement: thanks to encryption and tokenisation, sensitive data is well protected. What is more, Visa’s virtual cards can be seamlessly integrated into existing financial systems and accounting software.
Conclusion
For companies, the virtual Visa corporate cards offer an efficient, flexible, and secure solution that can be integrated into existing systems with minimal effort. They simplify financial processes, increase transparency and spending control, and provide quick and flexible access to liquidity. Our experts will be glad to help your company benefit from the virtual Visa corporate cards. We look forward to hearing from you!
André Dehm
Visa Commercial Solutions
dehma@visa.com
