The beefed-up American Express Business Travel Account (BTA), now gives companies greater control and more visibility into their business travel expenses. The addition of Virtual Account Numbers in the refreshed product centralizes more types of business travel spending into a single account.
The virtual account feature works with the existing booking processes of Travel Management Companies through support from Conferma, a leading virtual service provider, and now allows for booking of hotels and low-cost airlines.
The enhanced Business Travel Account also features:
• The flexibility to set usage dates and pre-authorize spending limits at the time of booking, helping reduce fraud and encourage compliance with company travel policies.
• Improved traveler experience by providing options for more types of business travelers, including large groups, employees who do not have corporate cards and non-employees, such as job applicants and consultants.
• A simplified reconciliation process thanks to improved data files that capture reference fields defined by the customer, such as employee identification numbers and cost centers – available at no cost through the American Express @Work platform. New global data files provide more visibility into both billed and unbilled content.
The enhanced BTA is now available in the United States, Australia and the United Kingdom.
Through its Global Commercial Payments division, American Express offers a suite of payment and lending products that help businesses and organizations of all sizes gain financial savings, control and efficiency. Global Commercial Payments provides solutions for travel and everyday business spending, cross border payments, global currency solutions, and business financing.