First Data Advantages
For larger enterprises and government bodies, T&E expenses are a costly management challenge. The First Data Commercial Card can offer customers more effective spending controls, lower risk of employee misuse and data analysis that helps in negotiation of more favourable terms with suppliers.
- Automation—Replace paper processes with electronic payment to reduce administrative costs
- Flexibility—Clients can define rules on fees, statements, balances
- Cashflow—The introduction of departmental cost codes and flexible billing to tie in with how they pay suppliers to enable better cash flow management
- Risk Control—Clients can take control of fraud management via behavioural scoring, as well as the imposition of limits on spending and exception monitoring
- Cost Saving—Vendor analysis tools (VAT) that help identify the best deal and the provision of VAT returns