The Total Cost of Ownership - Payment Solutions
Tuesday, November 7th
2:00pm ET | 60 minutes
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Rebecca Kilby, President & CEO, AirPlus International Inc.
Jeff Derr, US Marketing & Communications, AirPlus International Inc.
How you pay for business travel can cost you – BIG TIME. How can you evaluate payment solutions that are beneficial for your organization? Simply choosing a payment solution based on largest rebate might end up costing you more than another option. "The devil is in the details" as various charges are associated with various payment solutions such as: corporate cards, central bill accounts, direct bills, cash advances, etc. Some payment solutions require more back-office work and processes while others make back –office work less necessary.
At the end of the session, participants should be able to:
- Realize that most companies will need a hybrid of multiple payment solutions to effectively pay for and manage their travel program.
- Virtual cards are a growing payment solution that can provide great benefit with low risk and high visibility.
- Work with finance and procurement teams to make sure that all functions are well-versed in how payment solutions provide rebates and what costs that can be incurred as well as what back-office functions can be affected. Ultimately understanding the "total cost of ownership" of any payment solution that you might select.
Complimentary to all
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