SAP Concur and Extend Integration: Virtual Cards Transform Invoice Payments
SAP Concur published an article introducing its new integration with virtual card platform Extend. According to Vantage Market Research, the global virtual card market is expected to triple by 2030. By embedding Extend's virtual card functionality into Concur Invoice as a payment option, businesses can pay invoices easily, quickly, and securely using their existing corporate credit card, with no need for a new card, contract, or settlement process. Virtual cards are temporary digital subcards of traditional credit cards with unique card numbers, limited validity periods, and set spending limits, reducing fraud risk. Businesses can automatically generate virtual cards linked to their existin…
Impact and considerations
For finance and expense managers, virtual card integration can simplify invoice payment processes, strengthen payment controls, reduce fraud risk, and improve corporate cash flow management.
Key points
- The global virtual card market is expected to triple by 2030.
- Extend's virtual card functionality is embedded into Concur Invoice, allowing businesses to pay invoices using their existing corporate credit card without a new card or contract.
- Virtual cards have unique card numbers, limited validity periods, and set spending limits, reducing fraud risk.
- Businesses can automatically generate virtual cards to better control payment amounts and timing, pay vendors more quickly, and improve cash flow.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 4 Dec 2023, 18:42
- Page published
- 14 Aug 2026, 08:17
- Last updated
- 4 Dec 2023, 18:42
- Original links
- SAP Concur Blog：Unlocking Efficiency: The Transformative Impact of Virtual Cards on Invoice Payments (opens in a new tab)Primary source · en · Published 4 Dec 2023, 18:42