1 / 22

Multi-Card Solutions Purchasing Card Travel Card eVA electronic payments tool (vPayment)

Multi-Card Solutions Purchasing Card Travel Card eVA electronic payments tool (vPayment). GE CPS - Payment Services. The Commonwealth of Virginia Payments Provider. Agenda . Introductions GE experience and innovation – what makes us different MasterCard International – it’s all in the data

clare-davis
Download Presentation

Multi-Card Solutions Purchasing Card Travel Card eVA electronic payments tool (vPayment)

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Multi-Card SolutionsPurchasing CardTravel CardeVA electronic payments tool (vPayment) GE CPS - Payment Services The Commonwealth of Virginia Payments Provider

  2. Agenda • Introductions • GE experience and innovation – what makes us different • MasterCard International – it’s all in the data • Individualized Account Management – customized service • Technology demonstration – NetApps, NetService, & SAM • Technical integration – costs and support • Flexibility – comprehensive, customized solutions

  3. Experience GE has 30+ years experience in card industry Issued 100 million+ credit cards GE has one of the largest programs Strong industry experience Product Features Unsurpassed acceptance: 24 million MasterCard locations Interface to financial systems Free consulting to drive results SWAM reporting Quality service Experience and Innovation • Technology • Daily data • Internet reporting – from agency level to rolled-up for entire organization • Robust real-time cardholder maintenance • vPayment – patented

  4. Key Differentiators/Why GE? Maximize Program Efficiency • “Not just a bank” - Best practice sharing and extensive GE expertise • Leading-edge technology and reporting • Free consulting services • At the Customer For the Customer – Six Sigma Quality • Flexible to meet your needs • Extensive global relationships and reach Maximize Financial Benefits • Cost reduction through automation of program

  5. Acceptance • 24 million merchant acceptance locations in more than 220 countries & territories • Five years of double digit growth amounting to 3X more acceptance than the previous COV vendor* • More than 900,000 ATMs in over 100 countries* • MasterCard/GE solution captures 999 lines of data with up to 120 characters per line • Large ticket transaction discount rate–must also pass level 3 data Higher acceptance = more data More data = improved negotiations It all adds up to a higher rebate *Information provided by MasterCard

  6. Programs Travel Purchasing vPayment

  7. Travel Card Benefits • Track Spending, • Monitor Policy Compliance • and Improve Vendor • Negotiations • Cardholder Convenience, • Company Controls, and • Ease of Administration • Flexible controls at the cardholder level • Unsurpassed merchant acceptance • Reduction or elimination of cash advances • Flexible billing and payment option • Ghost, special purpose, and meeting planner accounts • Strategic Account Management reporting system • Gains Travel Card Rewards™ • Global data roll-up • Customized plastic and messaging • Pre-population of all expense reporting packages • Delinquency, exception and standard reports • Query Wizard

  8. Travel Card - Competitive Benefits

  9. Travel Card - Flexible Services • Special Purpose Accounts • Central billing option for non-standard transactions, including expenses for interviewees and infrequent travelers. • Meeting Planner Accounts • Central billing option for non-standard, large ticket, high frequency purchases involved in booking meetings. Can also use Controlled Value Cards and vPayment On-Demand. • Airline Credit Control Account • Billing option that allows for credits from individual accounts to be stripped and posted to a central account. This option eliminates both the need to reimburse cardholders and delinquency issues surrounding the posting of airline credits to individual accounts.

  10. Travel Card - What Is Hotel Folio? • Captures detailed hotel spend data: • Room rate, incidentals, movie rental fees • Track spend by MCC code • Commonwealth of Virginia Benefits • Improves policy compliance efforts • Improves rate negotiation efforts • Maintain years of travel spend for audit compliance • Cardholder Benefits • Streamlines expense reporting process • Reduces/eliminates need to manually enter hotel expense data *Availability may vary with expense reporting provider

  11. Purchasing Card - Benefits Cardholder convenience, company controls and ease of administration Streamline your audit, reconciliation, and accounting processes Track spending, monitor policy compliance, and improve vendor negotiations • Daily data • Cost center detail • Custom mappers and MCC code mapping • Customer code at POS • Import and export capability • Review, approve and authorize workflow • Line item detail • 1099, MWOB reporting, and S&U tax tracking • Detailed reporting and Query Builder • vPayment with patented technology • Flexible controls at the cardholder level • MCC, transaction #/$, daily, and monthly limits • Ghost, special purpose, and meeting planner accounts

  12. Purchasing Card - Best Practices • 3-pronged approach • Plastic, Ghost Cards, vPayment • Opportunity analysis • Who should get cards? • Supplier analysis • Best payment method • Set goals and measurements • Automate as much as possible • Audit through enhanced reporting

  13. Our supplier strategy team eliminates obstacles during the initial sign-up effort Liaisons with merchant acquirers to coordinate supplier initiatives Supplier seminar opportunity available Web-based merchant sign up Total number of merchants now passing Level II or III data = 2.9M Total number of Level III suppliers (U.S. based merchants) has increased from approx. 73K (1Q02) to 150K (1Q05) Purchasing Card - Dedicated Supplier Sign-up and Strategy

  14. Technology - Strategic Account Management (SAM) • Comprehensive web-based online reporting/query functions • Manage corporate purchasing card and e-settlement programs on one platform • Transaction review and accounting • GL interface with your financial or ERP system • Global data roll-up to singlereporting currency • Customized to your brand and organization • Direct link to NetService

  15. Program Administrators: Detailed transaction information in Real-Time Monitor and manage all company accounts online Secure 24x7 access Increased control, security and productivity Cardholders: View and print personal statements Web self-service Pay account balance Dispute charges online Productivity Technology – NetService

  16. Technology - NetApps • Web-based solution • Safe and secure • Time saving tool • Increased control • Built-in workflow • Improved accuracy • User friendly • Tracking tool Digitize and streamline new cardholder applications

  17. Implementation Schedule Measure and Improve Roll-Out Transition Origination Design • Approve program details • Sign program agreement • Assign national account manager • Assign implementation manager • Deliver cardholder data to GE CPS • Identify key merchants and agencies • Initialize supplier strategy • Hold discussions on card options, security, training, and profiles • Gather and validate data • Assign information technology analyst • Execute contract • Process cardholder data • Produce and mail plastic cards • Train program administrator • Install software • Develop usage policies • Review decline reports • Adjust cardholder profiles • Identify further metrics • Test and support reporting software • Transfer account servicing to client relations • Identify growth opportunities • Conduct strategic planning

  18. Card Customization Commonwealth of Virginia artwork can be stamped on a semi-custom card or you can create a fully customized card based on artwork representing company culture. Examples: Corporate HQ, products, logo, pattern, website design, global images. • Detailed account summary information • Previous balance • Purchases • Credits • Payments • Account numbers Sample Statement Messages: “Use the Commonwealth of Virginia MasterCard for all transactions below $2,500. To date total savings are $2M by eliminating the paper processes.”

  19. Service - Organized Around Your Needs Client Relations Representatives • Single point of contact • Specialized support team • Emergency cardholder assistance • Efficient fraud prevention • Rapid dispute resolutions • Signing up your preferred suppliers • Program customization Consultant Implementations Each COV Entity National Account Manager Supplier Sign-Up Business Development Manager Customer Service Accountability drives results!

  20. Service - Training • Multiple site options • Program administrators or cardholders • Flexible schedules • Live • Online • Web-based 20 GE October 13, 2004

  21. Service - Consulting: New tools, new heights • Beyond traditional purchasing and travel functions • Higher efficiency and higher performance • Free training and project management • Optimize your team and program effectiveness

  22. Conclusion—Next Steps • First Speak with Valerie Smith at COV 804-371-7804 valerie.smith@doa.virginia.gov • GE Contacts: • Greg Hamilton GE Public Sector Sales 303-617-9171 greg.hamilton@ge.com

More Related