Central purchasing solutions

The control, efficiency and information you need to streamline your payments

A centralised solution means more control and quick access to all the payment details you need in one place. Making it easier to streamline processes, stay in policy and manage supplier relationships.

Embedded Purchasing Account

Ideal for suppliers who fulfil high volume, low value purchases such as stationery, IT consumables, catering and welfare items.

  • Removes need for countless small invoices that are expensive process and pay
  • Purchasing account based on centrally held card details
  • Accounts locked down to each specific supplier, increasing control and reducing risk
  • Card details are provided to the supplier who embeds them in the customer’s payment profile
  • All customer purchases are charged to the same card
  • VAT information added where possible
  • Supplier paid when goods are dispatched, reducing Receivables and Payables processes

Travel Management Account

Ideal for airfares purchased through a Travel Management Company.

  • All travel purchases are charged to the same card
  • Centralised payment regardless of currency
  • Account details stored with a Travel Management Company (TMC) for streamlined ticket purchases
  • Airfares linked to individual traveller’s profile
  • Detailed booking information added to transactions
  • Booking and payment details automatically reconciled
  • Helps consolidate your global business air travel spend
  • Improves data reconciliation and travel policy compliance
  • Information available online and downloadable

Barclaycard Precisionpay Online

Ideal for increased control of direct and occasional purchases with new or less regular suppliers.

  • One dynamically funded card issued for each purchase and nothing else
  • Virtual cards are requested and approved, using online portal or mobile app
  • Each virtual card is unique linking it to a specific payment and booking
  • Can be used for online, phone and face to face purchases
  • Online requests for virtual cards include information such as cost-centre and reason
  • Dates and value of credit on the virtual card match those of purchase request
  • Sits alongside your existing system with no disruption
  • Real-time secure connection to portal and app
  • Automatic reconciliation of purchases to payments for efficient cost allocation
  • MI includes both the business request and payment information
  • Helps reduce risk of misuse and fraud

Barclaycard Precisionpay Connect

Ideal for buying from strategic suppliers directly through catalogue systems.

  • One dynamically funded card issued for each purchase and nothing else
  • Integrates seamlessly with your current purchasing process removing need for paper invoices 
  • Each virtual card is unique linking it to a specific payment and booking
  • Connected to the buying system or portal using a standard API
  • Online requests for virtual cards include information such as cost-centre and reason
  • Payments made automatically at the point of purchase in the buying system
  • Automatic reconciliation of purchases to payments using unique references
  • MI includes both the business request and payment information

Barclaycard Precisionpay Direct

Ideal for companies who want the benefits of card payments but want or need to retain their purchase order and invoice process.

  • Settle more efficiently, freeing up more working capital
  • Existing P2P processes, purchase and invoice approval controls remain in place - the finance system automatically initiating payments through Barclaycard
  • Suppliers registered with Barclaycard receive direct ‘push’ payments
  • Payments made directly to suppliers’ accounts need no further action by them
  • Automatic reconciliation of purchases to payments using unique references
  • MI includes both the business request and payment information
  • Virtual cards are requested and approved, using online portal or mobile app

Tracker Solutions

Ideal for staying on top of business travel payments purchased through a Travel Management Company.

  • Virtual card solutions cover key travel categories such as hotels, rail and budget airfares
  • Account details stored with a Travel Management Company (TMC) for streamlined bookings
  • One dynamically funded card issued for each booking and nothing else
  • The dates and value of credit on the card corresponds to the dates and value of the booking
  • Settle payments centrally and receive detailed MI on every single transaction
  • MI includes both the business request and payment information
  • Booking and payment details automatically reconciled
  • Real-time secure connection to portal and app

Making payments with corporate card solutions

The convenience of a globally accepted payment facility with the control and security that your business needs

Cardholder solutions

Making payments with virtual cards

An alternative to cheques and bank transfers, virtual cards allow you to make specific payments, to specific suppliers with specific dates and values online, by phone and in person

Virtual solutions