MasterCard has upgraded its web-based Smartdata expense
management tool, including adding receipt upload functionality and policy
control features.
Senior vice president and group head of global commercial
payments Rob Reeves said MasterCard has beefed up the electronic routing
process from the payment tool to employee expense reports. In addition, expense
managers now can add controls and policy flags to the report, he said.
“If your policy forbids minibars, for example, and a minibar
expense is populated on the expense report, it will be flagged to your manager
and you,” Reeves said. “Our features are built on having a strong, automated
expense reporting process with rich information and policy controls.”
Additionally, the upgraded version enables travelers to
upload receipt images into their reports in lieu of mailing paper receipts.
Another new feature is integration with MasterCard’s
InControl tool, through which companies can set up single-use accounts. “With
virtual card numbers, a lot of information can come around those transactions,
and now these can be paired with the master account,” Reeves said.