American Express®vPayment

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Features & Benefits

Transaction-Level Control & Authorization

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 customized, 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 Card Member level
  • Control individual transaction values

Minimal Program Administration

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.

  • Consolidate invoices into one monthly payment
  • Reduce costs of your procure-to-pay cycle with one payment per corporate program

Improve Purchase Reconciliation & Audit

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

  • 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

Management Information & Reporting

24/7 administration tools for B2B payments help automate management with little or no investment and minimal integration.

  • Access standard and customizable reports available in various formats and media
  • Easily monitor compliance and spend by supplier
  • Track spend within industry through expense summary reports
  • Forecast future spending based on quarter-over-quarter or year- over-year benchmarks