According to travel buyer members of the Association of Corporate Executives, more than half only have a “beginner level” knowledge of mobile payments.
In Airplus’ Mobile Payment white paper it outlines the advantages to a travel buyer of using mobile payment technology:
- On-the-spot compliance checking
The expense tool can indicate at point of sale if a transaction is in line with policy or not.
- More flexible expense reporting
Mobile payment transactions appear in the traveller’s reporting tool in real time, meaning travellers can manage the transactions immediately.
- Pocket-sized compliance manager
Policy management at point of sale is more effective but less intrusive.
- Faster data capture
Real-time payment data capture enables faster decision making.
- Greater visibility
More electronically captured payment methods means more, and more accurate, visibility of spend.
- Greater policy sophistication
Mobile payment and expense reporting apps can link with GPS for policy refinement based on location.
- Employee data
Details such as project code or cost centre can be appended to on-trip payments.
Download the full white paper here