Improve working capital and pay suppliers on time.
The virtual way to manage your payments
Barclaycard Precisionpay aims to make virtual payments easier and faster, while helping to improve working capital and increase business efficiency.
Check out the benefits and the range of virtual payment options for you to choose from.
The business benefits of Precisionpay
Make business purchases without a physical card.
Easily integrates with your existing purchasing systems.
View and control your expenses, and streamline processes.
Your Precisionpay options
Precisionpay Bank Transfer
Ideal for directly paying suppliers who don’t wish to take card payments. Manage your working capital with up to 56 days to settle after supplier payment and benefit from efficient processes and flexible payment options for both buyers and suppliers.
All the benefits of card payments with secure, bespoke controls. Settle payments efficiently with approval processes already in place. For use alongside existing systems, including phone and online buying.
Ideal for buying from strategic buyers directly through catalogue or booking systems, connecting to a buying system or portal with a standard API. Payments are completely automatic at point of sale, with no need for paper invoices.
Precisionpay Virtual Prepaid
With Precisionpay Virtual Prepaid, you can swap out cash by preloading funds onto a virtual card – handy for spending across a number of sectors. It’s secure too, has reporting tools and works alongside your existing systems.
Stay in control of direct and occasional purchases from new or lesser used suppliers. Purchase through a dynamically funded virtual card with no need for paper invoices and settle later with Barclaycard. It’s simple to adopt and use, with automatic reconciliation of purchases to payments.
What Precisionpay can do for your business
We hear from Anna Porra from Barclaycard Commercial Payments on Precisionpay, and how its great features and benefits can make virtual payments easier, faster and more convenient for your business.
With more control of your business spending, you can really make the most of your working capital – so get in touch with our payment experts today.