Designed to support Visa Commercial Solutions, Visa's Enhanced Data Services provide access to consolidated management data, along with transaction details to more effectively manage and control your company spending on both local and international levels. Upon receipt of the required data, Visa delivers consolidated transaction information supporting multiple formats.
Visa's Enhanced Data Services is a solution for multinational corporations that want a comprehensive solution for global data management and for corporate travel and procurement managers who want detailed transaction data to better manage and control expenditures.
Here’s how your multinational corporation can benefit from Visa's Enhanced Data Services:
- Vendor management
- Travel and procurement policy compliance
- Automation of expense reporting
- Improved reporting and analysis
- Reduced administrative costs
You’ll have greater ability to identify and validate costs, allowing you to more effectively manage your vendor relationships company-wide.
Travel and procurement policy compliance
Detailed purchase information and line item descriptions allow you to better audit employee travel and procurement policy compliance.
Automation of expense reporting
Visa's Enhanced Data Services can be used in conjunction with your management software to automate employee expense reporting and reconciliation.
Improved reporting and analysis
Using Visa's reporting solutions; you can create reports with greater detail. Financial managers can analyze spending both locally and globally to improve overall efficiency of critical business processes, such as accounting, tax compliance, policy control, and cost/supplier management.
Reduced administrative costs
Visa's Enhanced Data Services let you streamline the information gathering process, allowing you to increase efficiencies and save time and money.
For more information on how you can put the power of Enhanced Data Services to work for your multinational corporation, contact your financial institution today.