Visa Launches New Global Commercial Card Information & Spend Management Platform
Global Platform Introduced in Alliance with Spendvision; Delivers Step Forward in Meeting Critical Reporting and Expense Management Needs of Businesses
Comprised of three core solutions – reporting, data services, and program support – Visa IntelliLink Spend Management integrates with the entire suite of Visa B2B payment products. The platform is designed to meet the key information management needs of financial institutions and their clients across all small business, commercial, purchasing, corporate, central travel, multinational and fleet programs.
The platform is unique in its ability to provide reporting and full-featured expense management in a single, integrated offering, including:
“Effective expense management requires flexible, intuitive, on-demand access to information to support a stronger understanding of spend patterns, increased control over spending and greater insights that help companies save time and money,” said
Benefits for card issuers and commercial clients
Through Visa IntelliLink Spend Management, financial institutions can create significant advantage by addressing the needs of a spectrum of companies, increasing differentiation, and deepening customer relationships. Capable of tracking and reporting data on both local and multinational levels, the platform can be implemented quickly by client organizations, and is simple for card issuers to customize, deliver and support.
For commercial card clients, Visa IntelliLink Spend Management provides enhanced visibility into and control over expenses, as well as easy access to information through dashboards and alerts, the ability to track both card and non-card transactions, and local and global functionality, e.g., multi-language support, dual- and multi-currency card program support, and local tax support.
Visa IntelliLink Spend Management is provided through an alliance with Spendvision, allowing Visa clients to utilize a proven, industry-leading platform to strengthen their competitive advantage with converged transaction management.
“Spendvision is excited to partner with Visa to help financial institutions increase their differentiation in the marketplace and enhance customer loyalty,” said
“Procurement is all about a company getting the best deals it can from suppliers and ensuring that employees fully utilize those deals when making purchases. Central to optimizing procurement functions is having accurate, timely and actionable information about the company’s total spending patterns,” said
Visa IntelliLink Spend Management will replace, over a migration period, existing Visa Information Source, Visa Information Source Select, and other Visa information management tools with a single, global platform. The Visa IntelliLink suite also includes a Compliance Management Tool for Government, a leading solution currently used by U.S. banks with Federal Government agencies and states to help ensure card program compliance with agency procurement and travel policies.
Visa IntelliLink Spend Management is available to commercial card issuers around the globe immediately.
Spendvision is a leading innovator of transaction management solutions. Through just one technology platform Spendvision delivers more effective purchasing that increases business profitability, improves decision making and delivers greater control and compliance. All this across the broadest range of transactions from simple cash, card, online travel bookings and telecoms right through to interactive coding, requisitions and dynamically funded accounts.
Spendvision is headquartered in the UK with offices in the US,
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