BBVA has announced the launch of Global Commercial Cards solution with issuance in eight countries across Europe and Latin America. It is aimed for corporate clients to help simplify and optimize corporate expenses paid using BBVA commercial cards.
Global Commercial Cards solution allows companies to have greater control of employees’ use of commercial cards simplifying the processes of expense submission and approval.
The solution tailors to the needs of all types of companies, regardless of their size, whether global, regional or local, and expedites the workload of all stakeholders involved in the expense management process, from financial to human resources through purchasing and business trips areas providing quick and easy access to all the relevant information.
Sergio Ortega, head of global commercial cards solution at BBVA Enterprise Clients, commented:
“With Global Commercial Cards, BBVA has managed to bridge the gap between two worlds: commercial cards and expense management tools. To achieve it, it has used technology and data enabling companies to manage their employees’ expenses in a much more agile and simple way, while keeping control and end to end traceability throughout the whole process”
The solution is in charge of centralizing all the expenses and automatically sending them to the expense management tool or ERP chosen by the company. Global Commercial Cards is integrated with market’s leading expense management tools.
The cards will be issued in Spain, Portugal, Turkey, Mexico, Argentina, Columbia, Peru and Uruguay, with acceptance across the globe. BBVA operates in more than 30 countries so we would expect some further market expansion of the commercial card solution over the relatively near term.
