Precisionpay central card

Ideal for suppliers who fulfil high volume, low value purchases such as stationery, IT consumables, catering and welfare items.

• Removes need for countless small invoices that are expensive process and pay
• Purchasing account based on centrally held card details
• Accounts locked down to each specific supplier, increasing control and reducing risk
• Card details are provided to the supplier who embeds them in the customer’s payment profile
• All customer purchases are charged to the same card
• VAT information added where possible
• Supplier paid when goods are dispatched, reducing Receivables and Payables processes

Ideal for airfares purchased through a Travel Management Company. 

• All travel purchases are charged to the same card
• Centralised payment regardless of currency
• Account details stored with a Travel Management Company (TMC) for streamlined ticket purchases
• Airfares linked to individual traveller’s profile
• Detailed booking information added to transactions
• Booking and payment details automatically reconciled
• Helps consolidate your global business air travel spend
• Improves data reconciliation and travel policy compliance
• Information available online and downloadable

Ideal for increased control of direct and occasional purchases with new or less regular suppliers.

• One dynamically funded card issued for each purchase and nothing else
• Virtual cards are requested and approved, using online portal or mobile app
• Each virtual card is unique linking it to a specific payment and booking
• Can be used for online and phone purchases
• Online requests for virtual cards include information such as cost-centre and reason
• Dates and value of credit on the virtual card match those of purchase request
• Sits alongside your existing system with no disruption
• Real-time secure connection to portal and app
• Automatic reconciliation of purchases to payments for efficient cost allocation
• MI includes both the business request and payment information
• Helps reduce risk of misuse and fraud

Ideal for buying from strategic suppliers directly through catalogue systems.

• One dynamically funded card issued for each purchase and nothing else
• Integrates seamlessly with your current purchasing process removing need for paper invoices 
• Each virtual card is unique linking it to a specific payment and booking
• Connected to the buying system or portal using a standard API
• Online requests for virtual cards include information such as cost-centre and reason
• Payments made automatically at the point of purchase in the buying system
• Automatic reconciliation of purchases to payments using unique references
• MI includes both the business request and payment information

Ideal for companies who want the benefits of card payments but want or need to retain their purchase order and invoice process.

• Settle more efficiently, freeing up more working capital
• Existing P2P processes, purchase and invoice approval controls remain in place - the finance system automatically initiating payments through Barclaycard
• Suppliers registered with Barclaycard receive direct ‘push’ payments
• Payments made directly to suppliers’ accounts need no further action by them
• Automatic reconciliation of purchases to payments using unique references
• MI includes both the business request and payment information
• Virtual cards are requested and approved, using online portal or mobile app

Ideal for staying on top of business travel payments purchased through a Travel Management Company.

• Virtual card solutions cover key travel categories such as hotels, rail and budget airfares
• Account details stored with a Travel Management Company (TMC) for streamlined bookings
• One dynamically funded card issued for each booking and nothing else
• The dates and value of credit on the card corresponds to the dates and value of the booking
• Settle payments centrally and receive detailed MI on every single transaction
• MI includes both the business request and payment information
• Booking and payment details automatically reconciled
• Real-time secure connection to portal and app