NEW YORK — American Express has launched the enhanced Business Travel Account (BTA), which gives companies greater control and more visibility into their business travel expenses. The addition of Virtual Account Numbers in the refreshed product centralizes more types of business travel spending into a single account. The virtual account feature works with the existing booking processes of Travel Management Companies through support from Conferma, a leading virtual service provider, and now allows for booking of hotels and low-cost airlines.
The enhanced Business Travel Account also features:
- The flexibility to set usage dates and pre-authorize spending limits at the time of booking, helping reduce fraud and encourage compliance with company travel policies.
- Improved traveler experience by providing options for more types of business travelers, including large groups, employees who do not have corporate cards and non-employees, such as job applicants and consultants.
- A simplified reconciliation process thanks to improved data files that capture reference fields defined by the customer, such as employee identification numbers and cost centers – available at no cost through the American Express @Work platform. New global data files provide more visibility into both billed and unbilled content.
“We understand that corporate travel is a major expense for many companies and can be a time consuming and difficult process to manage,” said Gint Balodis, Vice President, Global Product Management, American Express Global Commercial Payments. “Our improvements in the enhanced Business Travel Account further centralize control into one account, making the process of purchasing, tracking and reconciling travel expenses easier than in the past.”
The enhanced BTA is now available in the United States, Australia and the United Kingdom.