A virtual card solution that keeps you in total control
A fully integrated virtual card solution for ad hoc or B2B spend, Barclaycard Precisionpay works by creating a unique card number for each transaction, or a specific set of transactions, such as meetings and events. Perfect for situations where you’ve got many employees who have to make quick purchases from a variety of suppliers, but giving them each a purchasing card may not be feasible. Quick, easy and efficient, it’s like having an office drawer full of cards. You simply select one, set a spend limit and use it once, this is followed by a robust pre-approval and simple reconciliation process.
Benefits for you
For organisations, Barclaycard Precisionpay replaces manual processes, integrating seamlessly into your existing system with no disruption to your business. Specific benefits include:
significant savings of up to 55% in process efficiencies
interest-free settlement periods and monthly account cycles which can effectively extend 10 days of working capital to 14.7 days**
automatic reconciliation against a unique virtual account number, and a reference for each transaction bring simplicity to your back office processes
compliance improved and maverick spend reduced by setting payment amounts and dates.
Benefits for your employees
Barclaycard Precisionpay is ideal for staff who don't have access to purchasing cards, allowing them to still make purchases quickly and efficiently, as and when they need to.
For full details of how Barclaycard Precisionpay works: