empowering Your Money The New Era in Corporate Expense Management

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Ruby Kerry Hunt
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1 empowering Your Money The New Er in Corporte Expense Mngement 1

2 Pge 2

3 EVOLUTION OF PREPAID 1990 s - Prepid Mobile Phone Prepid mobile phones strted for individuls with no credit history. Prepid triffs nd hndsets = phone contrct triffs. Why? User controls where, how nd when they top up Customer spend control with no bill shock Anonymity Eliminting telemrketers nd other cross-selling Pge 3

4 EVOLUTION OF PREPAID Lte 2000 s Relodble Crds Generl purpose relodble strted s solution for individuls with no bnk ccount: They: Couldn t fford one. Weren t ttrctive to Bnks due to low blnces. Were on blcklist. They owed fees nd couldn t open bnk ccount Severl million customers cquired nd ctive between the mjor compnies in the USA. Giving the customer: Control over their spending Control over their fees Control of their funds Pge 4

5 Typicl Pyment Trnsction Methods All 4 pyment types cn be used to py for trnsction, but why choose prepid over csh or credit? Pge 5

6 Why Prepid It s the bnk s money. No control on crd use except credit limit. Not ll employees eligible for compny credit crd, so they rely on corporte credit crd or petty csh reimbursement. No employee cn hve direct ccess to compny bnk ccount. No control on crd use. Little or no rel-time control over use of csh. Greter opportunity for frud. How is this possible? Crd is loded with compny money not the bnk s. Fr greter control of crd use. Miniml opportunity for frud.

7 How it Works 7

8 Wht is SAM? SAM is emerchnts proprietry progrm mngement system tht is driven through simple, user-friendly interfce. Customized solutions through vriety of modules: Core SAM Module - Crd/Account Mngement - Approving/Reviewing of trnsctions - Extrction of trnsctionl dt - View crd blnces - View pst trnsctions - Reconcile expenditure - Instnt crd ctivtion/dectivtion Scheduled Pyment Module Bulk Crd Mngement Module Merchnt Locking nd Blocking Velocity Mngement Advnced Reconcilition Module - Tied directly to the customers GL Elimintes end-of-month expense reconcilition to credit crd sttements nd mnul expense reports 8

9 Emerchnts Offers Customized Solutions Control Pperless online reconcilition Systems Integrtion Functionlity Lock & Block Virtul Crds Velocity Limits Restricted use Dt nlytics Receipts scnning Rel-time monitoring Mobile /SMS Alerts Scheduled Opertions Efficiency Trnsprency 9

10 Wht emerchnts Offers 10

11 Wht emerchnts Does Not Do We re not bnk (ADI) Why? Hevily regulted Requires dditionl, burdensome overhed Compete with MsterCrd, Vis, or eftpos Why? MsterCrd/Vis/eftpos do not issue crds s this conflicts with their offerings to finncil institutions Their business model is to promote usge of their products through issuers (e.g. emerchnts) by enhncing cceptnce. 11

12 prepid = control through customistion Direct expenses Indirect expenses Csh flow Frud risk Customer experience Employee retention Dt trnsprency Reporting sfely mnges money in disbursement ccount held nd udited by our ADI, mening your funds re secure should nything go wrong 12

13 Dt Security Emerchnts constntly monitors IT security to keep our systems robust nd secure: PCI DSS 1.2 certified nd regulrly udited through Vectr-Corp Dt centres locted in Port Melbourne, VIC nd Springfield, QLD live nd redundnt sites Stble trnsctionl pltform C++ running on Solris 10 with n Orcle 11gR2 dtbse running on Red Ht Enterprise Linux 13

14 EPENSE CARD SCENARIO Would you like to hve employees using crds for pyments where every employee tht you wnt to receive crd cn receive crd You cn set different spending limits for ny crd in the portfolio? You cn chnge ny of the spending limits for ny crd on dynmic bsis? You cn set spending limits on dily, weekly or monthly bsis? You cn limit trnsctions to certin time of the dy, or dy of the week? You cn limit trnsctions to certin product type? You cn ctivte crds for interntionl use nd de-ctivte s required? Receipts re tgged on the portl nd sve bck office dministrtion times You re seeing rel-time trnsction dt? 14

15 Emerchnts solution to pyment trnsctions Trnsctionl dt integrted in the client s expense mngement system Instnt crd issunce Instnt distribution of funds onto crd(s) Full in-house dministrtion On-line reconcilition of trnsctions Ability to control where crd cn function Ability to control how often nd when crd cn be used Control distribution of crds Ability to turn crds on nd off instntly Relod funds onto crds s needed or utomticlly emerchnts Prepid Csh Credit????? 15

16 [Emerchnts] hs developed technology to keep our politicins nd public servnts honest in their spending. But this is serious technology, which hs much wider pplictions in csh disbursement.. Robert Gottliebsen Business Specttor 29 Nov 16

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