Comdata has unveiled a native integration with Concur® Invoice, offering businesses a streamlined – and paperless – way to receive invoices from suppliers and execute secure, electronic payments.
Because the payments are delivered through Comdata’s integration with the Mastercard network, clients earn rebates on invoice payments, similar to the way a consumer earns cash back on a personal credit card.
“Offering our virtual credit card program as an embedded solution within Concur Invoice is a powerful tool for organizations that are actively seeking to automate the accounts payable process and reduce the pain and hassle associated with paper checks,” said Chris Shanahan, Senior Vice President of Strategic Partners Group at Comdata. “We have many joint clients, so building an integration between Comdata and SAP Concur platforms was a natural progression that is now available to every Concur Invoice user.”
Concur Invoice and Comdata work with a client’s ERP or accounting system, giving CFOs and controllers a way to easily build a unified solution to manage the entire process of capturing invoices electronically, executing payments, and reconciling their books. The solution adapts to the user’s invoice management process – not the other way around – allowing clients to keep their existing approvals, rules, and workflows.
With Comdata’s integration, Concur Invoice customers can simplify vendor payments. The basic process works like this:
- The customer submits invoices for payment using the usual process.
- If the vendor being paid is flagged as a credit card acceptor, the payment file is automatically sent to Comdata.
- Comdata generates a single-use 16-digit Mastercard number and delivers that number, along with full invoice and remittance data to the vendor.
- The customer receives a reconciliation file back, just like a positive pay file from the bank.
Concur Invoice clients can now easily implement the Comdata solution by activating the Comdata application in the SAP Concur App Center. For more information, let a solutions specialist contact you, call 1-800-COMDATA, or email firstname.lastname@example.org.