The Oracle E-Business suite, designed to manage travel expenses, will use the transaction data from the Visa card, improving accuracy and saving time in compiling expense reports.
Aliza Knox, senior vice president of Visa commercial at Visa international, said: The combination of our commercial payment solutions with the Oracle E-Business Suite will help deliver measurable cost savings, providing a significant opportunity for companies to increase their bottom line.
Visa and Oracle believe that commercial benefits to customers will include: pre-populate expense reports with VCF formatted commercial payment transactions; map Visa Commercial payment types for automatic expense type defaulting; and permit automatic hotel folio itemization based on Visa Commercial payment feed.
