The recent Procurement & Supply Chain LIVE NY Virtual event featured a panel discussion looking at accelerating the use of virtual cards for procurement management.
Wallace told the global virtual audience that MasterCard has “built products and services in order to facilitate these types of transactions in the virtual-card use cases”.
He added: "We work closely with procure-to-pay platforms and banks and FinTech partners to be able to offer these types of services in products to our customers.”
Ramachandran said: “One thing very important for enterprises is reconciliation. Virtual cards allow people to see transactions, such as purchase orders and invoices – which is typically what procurement teams need.”
Watch the video above for the rest of the keynote. You can also watch any of our other speakers from Procurement & Supply Chain NY LIVE, on demand.
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