Derby-based full service meetings and events agency, Zibrant, has introduced Virtual Payment Cards to its business process outsourced proposition.
Zibrant says the vCards facilitate quicker transactions for clients who use Zibrant for the procurement of their events, accommodation and other services associated with live event production.
The new cards are provided in partnership with CitiBank and enable group and individual accommodation transactions, meetings spend and ancillary services to be settled without the need for traditional credit or debit cards, or BACS payments. vCards can be set up in line with individual budget holders’ limits or purchase orders, or can be created to reflect company-wide cost centres and financial reporting structures.
The agency says consolidated management reporting enables it to further identify best practice solutions and potential cost savings on behalf of its clients.
“The implementation of vCards is having a positive effect on our business, they allow for quicker payment to our hotel, venue and service suppliers and are adding a new dimension and clarity to corporate expenditure on events,” says Zibrant’s Finance Director Stephen Shilling.
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