Virtual payment specialist Conferma Pay has partnered with mid-
and back-office technology provider Procon Solution
to offer TMCs an automated invoicing process for virtual cards. The alliance
gives Procon's existing TMC clients access to Conferma's virtual card using
platform, while Conferma's TMC clients now can leverage Procon's automated
invoicing service to bill corporate travel buyers for charges made to
Conferma's virtual cards. The alliance covers client TMCs located within
Europe/Middle East/Africa and Asia Pacific regions, the companies said.
Removing manual intervention for invoicing will enable Conferma's
clients to "eliminate inefficient payment processes, as well as creating
scope for wider expansion and service excellence," said Paul Raymond, director
of strategic relationships for Conferma. "We understand the importance of
tight controls and cost efficiencies in order to propel growth for TMCs,"
he added.
Meanwhile, the alliance enables Procon's TMC clients to optimize
cash flow by generating virtual cards through Conferma for specific use cases, which
can then be billed back to corporate travel buyers, eliminating the need for
TMCs to front the cost.