BBVA launches commercial cards to simplify business spends
Managing business spend has become a priority for businesses in order to optimise working capital in the wake of the pandemic and cash crunch.
This week, Spain-based financial services company, Banco Bilbao Vizcaya Argentaria (BBVA), has launched Global Commercial Cards which are aimed at corporate clients to ‘help simplify and optimize corporate expenses’ which are paid using BBVA commercial cards.
According to the company, this product would allow clients to have control over the use of business cards by the employees. Furthermore, the company claims that this would help businesses keep end to end traceability throughout the whole process.
The card is available through eight different countries including Spain, Turkey, Argentina, Peru, Portugal, Mexico, Colombia and Uruguay.
This is aimed at all sizes of business and the solution is in charge of ‘centralizing all the expenses and automatically sending them to the expense management tool’ which are chosen by the company.
Global Commercial Cards is integrated with expense management tools such as SAP Concur, Captio by Emburse, Expensify, Certify by Emburse or Visa IntelliLink Spend Management.
“With Global Commercial Cards, BBVA has managed to bridge the gap between two worlds: commercial cards and expense management tools,” said Sergio Ortega, Head of Global Commercial Cards Solutions at BBVA Enterprise Clients.
Last month, BBVA participated in the pilot program with SWIFT gpi to link its UK’s nationwide instant payment technology.