Business Travel Solution
Driving efficiencies on business travel payments
Our Business Travel Solution can make your organisation’s travel procurement and expenses easier to manage, with travel costs settled centrally. It helps make expense claims simpler for colleagues and reconciliation more straightforward for your Accounts Payable.
Designed for organisations making large volumes of bookings for business travel through a Travel Management Company (TMC), a payment account is embedded in your TMC back-office system. This enables colleagues to charge travel costs directly to that account with specific project or cost centre allocation.
- Greater transparency of travel expenses and bookings, with detailed MI to support reconciliation.
- Enhanced control over compliance within company travel policies.
- Potential to create preferred supplier lists and negotiate on price.
- Tailored reports that integrate with your accounting and expense management software systems.
- Available in Sterling, Euro and US Dollar denominations to minimise conversion costs when transacting in those currencies. Also ensures transactions undertaken in those currencies are not subject to currency fluctuations.
- To take advantage of these options a Lloyds Bank Current account is required in the relevant currency.
- Simplified expense claims process for business travel, settled centrally.
- Colleagues do not have to fund expenses using personal credit or debit cards
Control & Security
Business Travel Solution allows you to control spend and ensure compliance with internal travel spend, risk and governance policies, while reducing the risk of misuse of company funds or cards.
Reporting & Management Information
Business Travel Solution allows for enhanced and quicker data matching, analysis and reconciliation of colleagues’ business travel, including:
- Date of purchase and travel.
- Traveller’s name and ticket numbers.
- Travel route destinations and class.
- Full travel costs.
For more information
To find out more about how Business Travel Solution can enhance your business efficiency enquire online.
Products terms & conditions
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Should you need assistance once your programme is set up please contact the relevant team.