Barclaycard Precisionpay

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Barclaycard Precisionpay

If your staff often need to make quick purchases from a range of suppliers, but you don’t want to give them each a purchasing card, Barclaycard Precisionpay may work for you. This integrated virtual card solution is like having an office drawer full of cards: simply select one, set a limit, and use it at once. 

A virtual card solution that keeps you in total control

Barclaycard Precisionpay lets you monitor precisely who’s spending what, where and when, with a fully integrated virtual card solution for ad hoc or B2B spend. 
The system works by creating a unique card number for each transaction, or a specific set of transactions, such as meetings and events. It’s underpinned by robust pre-approval and a simple reconciliation process. So you can save work for your accounts department, whilst still retaining full control:

  • Interest-free settlement periods and monthly account cycles which can effectively extend 10 days of working capital to 14.7 days
  • Integrates seamlessly into your existing system with no disruption to your business, with real-time secure connection
  • Web-based access with pre-approval workflow and reconciliation and reporting tool
  • Automatic reconciliation against a unique virtual account number, and a reference for each transaction, to bring simplicity to your back office processes
  • Compliance is improved and maverick spend is reduced by setting payment amounts and dates, and by pre-approving all payment requests

For full details of how Barclaycard Precisionpay works:
check out our demo. Release time 5:11