|
Corporate Travel Card
The Corporate Travel Card from Bank of America offers corporations an innovative travel and entertainment expense management solution to optimize savings. By establishing either a Visa® or MasterCard® Bank of America Corporate Travel Card program for your employees, you can reduce the time and cost involved in tracking, reconciling and managing travel and entertainment expenses.
Travel and entertainment expenses are the second largest area of controllable expenditure for many companies. The Bank of America expense reporting solution, backed by Concur Technologies’ market–leading on–demand service, automates the entire travel and entertainment expense reporting and reimbursement process with no software, hardware or maintenance required.
Who can benefit
For most corporations, travel and entertainment expenditures are the second largest controllable expense. We serve large businesses that desire more control over this expense, as well as city and state government agencies, school districts and universities.
Capabilities
- Comprehensive spending controls with flexible authorization features.
- Designated individual spending authority and defined limits for dollar amounts, vendor categories and spending frequency.
- Flexible billing and payment options.
- Works™ service: Web-based card management and reporting tool accommodates declining balance cards, management of encumbered funds, pre– and post–approval workflow, complex GL allocation functionality and easy integration with existing processes and ERP systems.
- Concur Expense Service: Eliminates paper expense reports, allowing your organization to utilize flexible business rules to control travel and entertainment expenses; provides enhanced visibility, which permits your company to audit expense reports to ensure compliance with internal business policies and government regulations while generating valuable business intelligence that can be leveraged to drive even greater cost savings.
- 24⁄7 professional help desk support.
- Special services for travelers
- Up to $500,000 travel accident insurance
- Primary auto rental insurance
- Liability protection coverage
- 24–hour roadside assistance
- Retail purchase protection for certain purchases
- Lost and stolen card reporting service
- Convenience checks
- Emergency card or cash replacement
- Legal and medical referral services
- Value–added Tax (VAT) Reclaim service and travel rewards
- Executive Card feature: Provides enhanced program benefits to your executives including comprehensive concierge services, lost luggage insurance and increased travel accident insurance.
- Canadian dollar–denominated travel card option (Visa only).
Acceptability and leadership
- The Bank of America Corporate Travel Card works at millions of places that accept Visa or MasterCard credit cards and at thousands of ATMs.
- A state–of–the–art electronic expense management system, Concur Expense Service, makes us a leader in the travel card industry.
|
