Conferma Partnership Adds Virtual Payment to Travel Online Booking
European travel and expense (T&E) management provider KDS has formed a partnership with travel and expense booking, settlement and reconciliation technology group Conferma, which will enable KDS to offer a virtual payment platform to clients, offering traveller payment flexibility with improved payment security and management control.
“This partnership will facilitate our client travel management and will ultimately help them reduce their spend,” said KDS director – global business development, Hubert Martin. “Travel managers can now have at their fingertips a high quality, accurate and full audit trail that helps drive corporate governance, adherence to policies and enhanced supplier management.”
KDS added that while organisations and travel managers demand control and visibility of spend they don’t necessarily want to issue all their travelling staff with a corporate card. In association with their banking partners Conferma creates a virtual card solution, which companies can use to pay and settle travel bills only when they are needed.
Conferma then provide matching data, which includes booking, payment and invoicing management information which can be organised by cost centre, individual business traveller or hotel property. This automated matching process reduces administrative time and room for error, and therefore ultimately saves money.