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SABRE VIRTUAL PAYMENTS Karen Frayer Sabre Virtual Payments Manager.

Date post: 19-Jan-2016
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SABRE VIRTUAL PAYMENTS Karen Frayer Sabre Virtual Payments Manager
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Page 1: SABRE VIRTUAL PAYMENTS Karen Frayer Sabre Virtual Payments Manager.

SABRE VIRTUAL PAYMENTS

Karen FrayerSabre Virtual Payments Manager

Page 2: SABRE VIRTUAL PAYMENTS Karen Frayer Sabre Virtual Payments Manager.

LET’S TALK ABOUT PAYMENT

0

20

40

60

80

100%

Employee Costs

Travel & Expense

T&E is typically the second largest controllable cost for

corporations…

Unclear if employees are complying with travel policy

…which makes their jobs more difficult and time consuming

than it needs to be

Unable to provide timely, accurate reports

Inconsistent and expensive reconciliation processes

Risk of internal and external fraud

…but traditional centrally billed solutions leave managers with

little visibility and data…

Page 3: SABRE VIRTUAL PAYMENTS Karen Frayer Sabre Virtual Payments Manager.

SABRE VIRTUAL PAYMENTS

Book travel with agency or through online booking tool

Select virtual card: Amount Date validity Merchant

category

• Virtual card automatically created with:

Card number Expiration date CCV

Transmit confirmation to the supplier

Payment made to supplier at time of purchase

Match automatically booked data to billed data in the reconciliation tool

Page 4: SABRE VIRTUAL PAYMENTS Karen Frayer Sabre Virtual Payments Manager.

SABRE VIRTUAL PAYMENTS

More Control

Drive travel policy compliance by ensuring that only approved expenses are allowed

Automatic Reconciliation

Cut administration costs through automated booking to payment matching

Reduced Risk

Reduce fraud exposure with simple recognition of policy exceptions

Improve security by eliminating plastic cards and issuing virtual cards with credit limits, merchant category controls and validity date restrictions

Enhanced Data

Smarter reporting improving the ability to negotiate with preferred suppliers based on increased adoption, better quality data and visibility of total spend

Increased Flexibility

More choice by supporting all major card networks and many major banks, offering both a credit and pre-funded model

Sabre Virtual Payments provides access to innovative payment technology that reduces the cost associated with reconciling travel and payment data, limits fraud exposure and increases travel policy compliance

Page 5: SABRE VIRTUAL PAYMENTS Karen Frayer Sabre Virtual Payments Manager.

VIRTUAL PAYMENT USE CASES• Employee Travel

• Business travel form of payment

• Employee meetings or training

• Infrequent travelers

• Unmanaged travel segments

• Non-Employee Travel• Contractor travel

• Recruitment

• Client meetings

• Supplier Payments• Remit net value to supplier

Page 6: SABRE VIRTUAL PAYMENTS Karen Frayer Sabre Virtual Payments Manager.

BANKING PARTNERS

Page 7: SABRE VIRTUAL PAYMENTS Karen Frayer Sabre Virtual Payments Manager.

Value to your travel process• Payment Integrated at the Point of Sale• PCI Compliant Solution• Value Added Service• Process Improvement

Value to your business partners• Secure Process and Delivery of Payment• Leverage Existing Banking Relationships• Reconciliation Data Accuracy• Removal of Financial Exposure• Offer Multiple Funding Methods

SABRE VIRTUAL PAYMENTS

Page 8: SABRE VIRTUAL PAYMENTS Karen Frayer Sabre Virtual Payments Manager.

INTEGRATIONPoint of Sale Integration

• Streamline processing by generating virtual cards directly in your workflow

• No need to visit external websites

• Eliminating the need for manual work managing credit card authorizations

Page 9: SABRE VIRTUAL PAYMENTS Karen Frayer Sabre Virtual Payments Manager.

AUTOMATED RECONCILIATIONAutomated Booking to Payment Matching

• Better quality data

• Visibility of total spend

• Automatically matches travel data to billed data

• Data updates occur daily

• Sends automatic request for folio data

• Identifies exceptions to policy

Page 10: SABRE VIRTUAL PAYMENTS Karen Frayer Sabre Virtual Payments Manager.

TRANSACTION AND REPORTING DETAIL

Transaction Details Reporting

• Includes supplier, date and card information• Transaction search capability

• Incorporates custom data fields• Exports to CSV or Excel file • Ability to upload to accounting systems

Page 11: SABRE VIRTUAL PAYMENTS Karen Frayer Sabre Virtual Payments Manager.

PAYMENT GOES MOBILE WITH TRIPPAYTM

• Streamlines payment process with automatic delivery of the card number to the traveler’s mobile device

• Enhances travelers’ experience with easy hotel payment confirmation re-send functionality

• Increases security with access to virtual card from day prior to hotel check-in until day after check out

• Saves time by allowing traveler to submit a photo of the hotel invoice to the reconciliation tool


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