Conferma Pay Integrates Virtual Card Payments with Concur Invoice
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For finance and AP teams, integrating virtual cards with invoices can reduce manual reconciliation, lower fraud risk, and speed up supplier payments. This represents a significant trend in corporate payment automation.
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- SAP Concur BlogConferma Pay Integrates Virtual Card Payments with Concur Invoice
Conferma Pay has expanded its role in the SAP Concur partner program, integrating its virtual payment technology with Concur Invoice. When a business receives a supplier invoice, a virtual card can be generated for the specific amount within Concur Invoice, and pre-authorized payment details are securely provided to the supplier. The virtual payment is automatically reconciled against the invoice, reducing manual work for finance teams. Paul Raymond, Director Strategic Relationships at Conferma Pay, said this expands virtual card payments to a wider range of B2B scenarios, increasing automation, reducing fraud risk, and improving spend control.