vPayment

vPayment provides enhanced control of all spend down to exact amounts and dates, with your own unique references and buyer-specified references - making reconciliation problems and errors a thing of the past.

• Help protect against out-of-policy spend and fraud with customised, pre-set purchasing controls
• Set and maintain spending limits by transaction by month, or by set temporary limits
• Implement spending limits at the corporate account or Cardmember level.

Online analysis and expense reporting tools offer managers and procurement teams account visibility, enabling effective management of your programme.

• Compare real purchase data with contractual pricing by part number and unit price
• Cross reference discrepancies within an order to match to online order systems
• Monitor internal requirements for capital purchases
• Access required tax reporting detail

vPayment works with any supplier that accepts American Express Cards so you’ll be able to use it with a global network of suppliers. American Express also provides dedicated supplier enrollment teams to further aid in helping your key suppliers accept American Express Cards.

vPayment helps save you time while it handles the transactions. By capturing accounting data for each transaction, it reduces manual data entry or data tracking, making reconciliation easier. vPayment also improves your accounting information for later reporting or analysis by integrating any additional supplier-provided data.