AirPlus International and Kresus Technologies have forged a strategic partnership in collaboration with Mastercard. The aim: to offer European businesses a centralized solution for managing and paying for so-called « non-strategic» purchases.
The new offering combines AirPlus virtual cards, the technology platform developed by Kresus Technologies, and Mastercard’s global acceptance network.
According to the partners, this solution should enable finance and procurement teams to gain visibility and control over expenditures that are often dispersed and lightly governed.
The new offering combines AirPlus virtual cards, the technology platform developed by Kresus Technologies, and Mastercard’s global acceptance network.
According to the partners, this solution should enable finance and procurement teams to gain visibility and control over expenditures that are often dispersed and lightly governed.
Indirect spending can account for between 20% and 30% of total expenditures
Indirect spending includes digital subscriptions, one-off purchases, software license renewals, and certain urgent repairs. Although they are typically modest in individual value, they can represent between 20% and 30% of a company’s total expenditures, notes a press release.
The solution rests on three core features: payment acceptance, expense approval, and automated accounting integration. In practical terms, companies will be able to settle with suppliers, including those that do not traditionally accept card payments, without having to reference them in their purchasing systems.
Each transaction can also be routed through approval workflows configurable to the company’s internal policies.
Finally, payments will be automatically reconciled in the existing ERP and accounting tools, ensuring better alignment between cash flows and accounting.
The solution rests on three core features: payment acceptance, expense approval, and automated accounting integration. In practical terms, companies will be able to settle with suppliers, including those that do not traditionally accept card payments, without having to reference them in their purchasing systems.
Each transaction can also be routed through approval workflows configurable to the company’s internal policies.
Finally, payments will be automatically reconciled in the existing ERP and accounting tools, ensuring better alignment between cash flows and accounting.
