The two companies are offering the Conferma Settlement Plan, which will eliminate the often labour-intensive hotel billback process.
The Conferma Settlement Plan facility is now available to American Express Global Commercial Card customers and those businesses who use Conferma as their current provider.
The solution makes use of a virtual American Express account number using Amex's vPayment technology.
Every hotel booking can be identified and tracked from conception through to final settlement and audit.
Payment is made using the client’s vPayment account, thus reducing collections liability and potentially improving cashflow management for TMCs and their clients.
Simon Barker, chief executive of Conferma, said: ‘By combining the capabilities of the Conferma and vPayment technologies our system will reduce financial exposure for TMCs and automate much of the manual operation involved in hotel booking and billback, providing easy reconciliation with line item transaction data for billing and tax reclamation.’
More Amex news from e-tid.com:
Amex reveals extent of business travel spend (19/11/2009)
Amex reveals 2009 winners and losers (27/10/2009)
Amex adds Preferred Extras Air Programme (10/09/2009)
Amex tips premium economy for top travel savings (21/08/2009)
Amex pilots virtual meetings solution (19/08/2009)
And more Conferma news:
Hillgate integrates Conferma technology (15/08/2008)
Conferma in Expotel deal (06/08/2008)
Barclaycard/Conferma tool addresses hotel bill back (23/10/2007)