MasterCard streamlines expense management for corporate cardholders

MasterCard has added “mobile innovations” and new enhancements to its SmartData aimed at cutting paperwork and streamlining the expense-reporting process for corporate cardholders.

The new Smart Data Mobile Receipt Capture App for iOS, Android and Blackberry users enables corporate cardholders to directly upload receipt images by taking a smartphone picture and attaching it to the transaction when filing their expense report.

The app connects the cardholder’s receipt to the back-end accounting systems, MasterCard said.

In addition, MasterCard is piloting a Mobile Fleet e-Receipt App to assist businesses and governments needing accurate and timely data to manage automotive fleets.

The mobile fleet app allows drivers to visit any fuel merchant and enter the data required by their fleet managers, including the type and amount of fuel purchased, the price paid per gallon, the odometer reading, along with many additional features. With this new app, companies can benefit from greater vehicle efficiency and driver compliance that can help achieve additional costs savings.

“Providing companies with comprehensive data on spending is the first step in helping to streamline their expense management,” said Robert Reeves, group head, Commercial Information Platforms Global Commercial Payments, MasterCard. “Our Smart Data products provide the most up-to-date tools and analytics that turn expense management from concern to success in a challenging business environment like the one today.”

Additional enhancements to the Smart Data platform include the automation of user-defined exports (UDEs), which provide a self-service for businesses to create their own custom reports instead of requiring custom development through their issuers.

Also, the Smart Data Analytics enhancement also gives MasterCard commercial cardholders’ management instant access to graphic, filterable reporting on spending so they can better understand the company’s financial patterns.


TAGS: News
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