Mastercard has teamed up with software-as-a-service (SaaS) company SAP Concur to deliver automated expense and invoice management to businesses in the Asia Pacific (APAC) region.
The expense and invoice management processes will be delivered to banks, companies, and government agencies for corporate cards transactions.
The partnership offers transaction solutions and aligns commercial card providers with their clients.
SAP Concur’s solutions can be used in combination with commercial cards for travel booking, in addition to expense management and invoice processing.
This integration is aimed at fast-tracking reconciliation and payments processes while boosting cost controls and compliance.
For Mastercard’s card issuing clients, the partnership with SAP Concur will bolster corporate payments processing.
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By GlobalDataAdditionally, it will also support the extension of SAP Concur solutions to all business and government clients.
Mastercard APAC VP of product management Mostafa Sabet said: “This powerful pairing offers the best of both worlds by combining SAP Concur’s expense management expertise with Mastercard’s global payments network, extensive partnerships, industry-leading security and comprehensive solutions and services.
“In today’s competitive environment and rapidly evolving digital economy, Mastercard’s integration with SAP Concur solutions will deliver the tools and insights that businesses and governments need to control costs and manage expenses tightly, transparently and efficiently.”
In July last year, American Express also joined forces with SAP Concur, for automating invoicing and expense management processes for its business clients.
