US-based corporate expense management software provider JAGGAER has updated its software with support for virtual cards for B2B payments. The new update will allow companies to redeem cashback savings without the fraud risk and lack of control of a regular credit card. The spend limits can also be applied at the line level. JAGGAER ONE 20.1 software suite also enables JAGGAER Smart Assistant which helps the user search with questions related to business invoices and PO.
The new release also provides “enriched analytics functionality” including P2P dashboard to help with PO, Invoices and workflows. The users can create their own reports and define their particulars, point of interest, catalogue compliance value and invoice amounts and counts.
“We are continuing our mission to simplify and embed intelligence into our user experience in order to deliver optimal outcomes for our customers,” said Jim Bureau, CEO of JAGGAER. “We fully appreciate that our customers are reliant upon our solutions to help them navigate current market conditions”.
The company have partnered with other credit card companies to offer more payment options to customers with virtual credit cards. JP Morgan and Discover virtual cards are already being used by JAGGAER users and more will follow according to the press release.