Visa Unveils Commercial Card Spend Management Platform
Visa has launched Visa IntelliLink Spend Management, an information tool that provides reporting and expense management capabilities for organisations of all sizes on a single scalable platform.
Comprised of three core solutions – reporting, data services, and programme support – IntelliLink integrates with the entire suite of Visa business-to-business (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 programmes.
The platform provides reporting and full-featured expense management in a single, integrated offering, including:
“Procurement is all about a company getting the best deals it can from suppliers and ensuring that employees fully utilise those deals when making purchases. Central to optimising procurement functions is having accurate, timely and actionable information about the company’s total spending patterns,” said Nancy Atkinson, senior analyst, Aite Group. “Visa IntelliLink Spend Management provides a single platform that accommodates the needs of companies of all sizes, specific tax requirements worldwide, and supports the full range of commercial card products, including travel, purchasing, and fleet. Visa IntelliLink Spend Management incorporates all spending – cards and non-cards alike. It provides a single platform to collect and analyse worldwide purchasing activities to provide a consolidated view and support effective spend management, which will offer issuers a strong differentiator for their commercial card programmes.”
IntelliLink is provided through an alliance with Spendvision, allowing Visa clients to use a proven platform to strengthen their competitive advantage with converged transaction management. It will replace, over a migration period, existing Visa Information Source, Visa Information Source Select, and other Visa information management tools.