Significant part of the cost overheads for corporate travel is associated with reconciliation of travel expenses incurred on central billing accounts. Virtual Credit Cards solve this problem by creating single-use credit card numbers which are a 1:1 match between the payment and the trip (or a component of the trip: e.g. a hotel stay).
The traditional virtual card process requires an agent to determine that, based on often-complex corporate policies, a virtual card is required. The agent manually creates a virtual card, with the correct spending limits based on those same complex corporate policies, using card issuer's web portal or an expensive tool integrated into their GDS desktop and then assigns it to the booking.
Similar user-driven process is required when a traveller creates the virtual card in the online booking tool.
Troovo Payments automates the process by integrating directly into the agency's global distribution system (GDS) after the booking has been made, but prior to the rest of the agency's fulfilment processes kicking in.
After agents (in GDS) or travellers (in OBT) create a booking, Troovo's intelligent robotics:
To view the walkthrough of the Troovo Payments system, please visit our demo site: https://www.troovo.com/demo/