As a Head of Finance or Treasury, you’ll understand the challenges that come with paying a wide range of suppliers efficiently and on time.
You also know you need to provide timely and accurate financial insights to support your C-suite, from high-quality transaction data to the rapid retrieval of billing reports.
When it comes to your staff, you need to equip your accounts payable team with access to pre-invoice data such as amount payable and billing periods, as well as a broad overview of the status of invoices falling due.
No doubt employee expense management and reimbursement also fall under your remit – not to mention managing your team’s time to ensure it’s not all soaked up by the manual reconciliation of purchase orders and invoices.
It can feel as there are too many ingredients in the mix, making it difficult to get the result that matters.
So how do you make your daily finance management a successful recipe after all – giving you time to focus on making tonight’s dinner with friends?
From daily challenges – to solutions that work
A consolidated and complete spend overview is key to counter the payment process challenges in your finance cuisine.
To achieve this, the first step is to make use of centralised payment and reporting.
No searching for fragmented payment data on various receipts or invoices anymore to get an understanding. With centrally paid expenses, you instantly gain the end-to-end payment process visibility you need to track your corporate spend.
While a single overview of transactions for settlement already provides more visibility, you can achieve genuine transparency thanks to the depth and detail of payment data displayed on each consolidated statement.
This enables a better understanding of the payment, the supplier through which the purchase was made, and to which budget the cost should be allocated.
“Gain insights that count with AirPlus: a depth and quality of transaction data unmatched anywhere else in the industry.”
The AirPlus corporate payment solution suite provides you with exactly that.
In fact, rich data is one of its greatest strengths: AirPlus provides clients with 95% complete transaction data, a quality unmatched anywhere else in the industry. And that helps you create finance insights that count.
The single AirPlus statement displays rich data for every transaction and provides you with an industry-leading 99.7% reconciliation rate to simplify reconciliation and cost allocation for invoices.
Furthermore, with AirPlus as a single supplier for payment settlement, you benefit from additional Days Payable Outstanding to further optimise cash flow management.
Making payments smart and simple
AirPlus has more than 30 years’ expertise in navigating the challenges faced by Finance and Treasury professionals – whether those are about keeping up with constantly-changing financial regulations, managing budgets, planning and forecasting in a volatile economy or everyday tasks such as handling employee expense claims.
AirPlus makes corporate payment smart and simple for customers around the world.
The first choice for businesses looking to master complexity, its solutions include central accounts, corporate and virtual credit cards as well as digital procurement and data intelligence tools that simplify and optimize the corporate payment experience.
Discover how AirPlus can make your corporate payment experience count.
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