Expense Management

Expense Management

October 09, 2012

MasterCard's Enhanced SmartData Makes Expense Intelligence More Accessible and Actionable

As more and more mid-sized companies are expanding their footprint to global scale, they seek to gain access to consolidated, detailed expense information that can be easily integrated into their ERP and accounting systems. Besides this, they are looking for a solution that can simplify expense management and allow them to give more time and energy on running their operations.

To seize this opportunity, MasterCard (News - Alert) has enhanced their MasterCard Smart Data offering, including its Web-based expense management and business intelligence solution, MasterCard smartdata.gen2. With the updated solutions, companies of all sizes can manage their business and increase cost savings through greater degree visibility and can access comprehensive spend analytics.

The enhanced smartdata.gen2 provides great improvements to expense reporting functionality, helping to drive greater efficiency, accountability and cost savings. Industry-leading data export capabilities are added to provide the flexibility to serve every kind of customer. A new analytics module allows to monitor programs graphically and dynamically with a just few clicks. In addition, the upgraded MasterCard Global Data Repository can now capture and distribute carbon scores, allowing interested corporations to track their estimated carbon footprint.

Ed Glassman, MasterCard group executive, Global Commercial Products, said in a statement, “Within the commercial payments space, it is absolutely vital that we provide comprehensive and usable data to our customers so they can streamline their purchasing processes and better manage expenses. The enhanced functionality of our Smart Data offering provides organizations of all sizes a solution that seamlessly integrates into their ERP and accounting systems, while simplifying everyday processes. Every improvement we made may help to drive savings for them down the line.”

In a recent survey sponsored by MasterCard, SmartData was the ranked highest for satisfaction by issuers and end users. Respondents deemed smart data as the best tool for tracking and analyzing data, and was considered to be efficient when combined with good features and functionality and excellent customer support.

With the help of MasterCard Smart Data platform, spending data can be configured for multiple card programs and market segments, including purchasing, corporate, fleet and travel card programs, allowing for applications and insights to be customized and integrated for each company.

Edited by Rich Steeves

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