BBVA announced on Monday it has developed Global Commercial Cards, a solution that allows companies to have greater control of employees’ use of commercial cards simplifying the processes of expense submission and approval.
“The new solution tailors to the needs of all types of companies, regardless of their size —whether global, regional or local—, and expedites the workload of all stakeholders involved in the expense management process, from financial to human resources through purchasing and business trips areas providing quick and easy access to all the relevant information.”
BBVA also noted that the solution is in charge of centralizing all the expenses and automatically sending them to the expense management tool or ERP (enterprise resource planning system) chosen by the company. While sharing more details about the solution, Sergio Ortega, Head of Global Commercial Cards Solution at BBVA Enterprise Clients, stated:
“With Global Commercial Cards, BBVA has managed to bridge the gap between two worlds: commercial cards and expense management tools. To achieve it, it has used technology and data enabling companies to manage their employees’ expenses in a much more agile and simple way, while keeping control and end to end traceability throughout the whole process.”
Ortega went on to add:
“In the current context, strongly influenced by the coronavirus crisis, the way of managing corporate expenses is evolving and there is an increasing demand for digital processes which enable homogeneous global corporate expenses management. The launch of Global Commercial Cards allows BBVA to meet these needs and take a further step in its commitment to offering innovative solutions which put technology at the service of companies.”