Visa has launched Visa IntelliLink Spend Management in alliance with Spendvision – a provider of transaction management solutions. Visa IntelliLink Spend Management is a new global information tool that provides extensive reporting and expense management capabilities for organisations of all sizes on a single scalable platform.
Comprised of three core solutions – reporting, data services, and program support – Visa IntelliLink Spend Management integrates with the entire suite of Visa B2B payment products. The platform is designed to meet the key information management needs of financial institutions and their clients across all small business, commercial, purchasing, corporate, central travel, multinational and fleet programs.
Reportedly, Visa IntelliLink Spend Management addresses the needs of financial institutions by increasing differentiation and deepening customer relationships. For commercial card clients, it provides control over expenses as well as easy access to information through dashboards and alerts, the ability to track both card and non-card transactions, and local and global functionality.
Darren Parslow, head of global commercial solutions, Visa, said: “Visa IntelliLink answers a global need for visibility and control over procurement, travel and entertainment expenses, in an easy-to-use, integrated format that enables users to see and act on critical spend information. We believe this new global platform offers reporting and expense management solutions and capabilities beyond those available in the marketplace today.”
Robert Kirby, CEO, Spendvision, said: “Spendvision is excited to partner with Visa to help financial institutions increase their differentiation in the marketplace and enhance customer loyalty. Through just one platform we can support their immediate reporting and expense management needs and also the more complex requirements that clients demand. In an increasingly competitive marketplace this solid foundation positions them strongly for tomorrow’s payment space.”
