BCD Travel, the corporate travel management company based in Utrecht, Netherlands, announced, 16 September, their latest development, BCD Pay™. It aims to create solutions that use artificial intelligence, machine learning and open APIs to simplify corporate travel payment, reconciliation and invoice management for clients.
BCD Travel hopes to fulfil the demand for simplicity by travellers through a payment and expense process that saves time and eliminates the need for paper receipts and prolonged approval processes.
In accordance with 65% of travellers citing contactless payment as a key factor for the return to travel, BCD Pay™ puts digitalisation at the centre of their solution.
Clients who subscribe to BCD Pay™ will use a ‘Smart Payment’ rules engine that aims to simplify the management of payment policy and spending limits across traveller segments. It provides orchestration of payment, invoices and receipts during the trip and features an automated console to review, reconcile and audit T&E spend management, invoices, receipt, credit card and expense transactions.
Ajay Singh (pictured), vice-president of digital payment and expense products at BCD Travel, said: “At BCD Travel, our vision is to remove the friction and pain points experienced by travellers, travel managers and finance teams related to their travel and expense payment, invoices, reimbursement and reconciliation. BCD Pay™ eases the burden of travellers, who are looking for a simple process with no need to make payments or expense claims.”
For more information about BCD Pay™, click here.