Mastercard said recently that it has partnered with SAP Concur to deliver an expense and invoice management process to banks, companies and government agencies in Asia Pacific for transactions with corporate cards.
As businesses and governments seek to increase visibility across payments, optimise credit lines and leverage data to strengthen supplier relationships, the partnership offers transaction solutions along with closer alignment between commercial card providers and their clients, Mastercard noted.
“In today’s competitive environment and rapidly evolving digital economy, Mastercard's integration with SAP Concur solutions will deliver the tools and insights that businesses and governments need to control costs and manage expenses tightly, transparently and efficiently,” said Mostafa Sabet, Vice President, Product Management, Asia Pacific, Mastercard.
Using commercial cards in conjunction with SAP Concur solutions for corporate travel booking, expense management and invoice processing will help to speed up reconciliation and payments while strengthening cost controls and improving compliance, Mastercard pointed out.
For Mastercard’s issuing customers, the partnership improves the processing of corporate payments and supports the extension of SAP Concur solutions to business and government clients of all sizes, the firm added.