Does your company, like many others, struggle with B2B online purchases? If so, Eurocard and Mazepay have a solution for you.
Unnecessary complexity and manual tasks prevent many companies from utilizing the fast, secure and user-friendly processes that private consumers are used to experiencing when making online purchases.
Eurocard has entered into a partnership with Mazepay and now offers a solution that allows employees to instantly pay for products and services online with a unique single-use virtual card. This entirely digital process also fully supports remote work, enabling employees to purchase and pay for products anytime, anywhere.
"There is a great need among companies for a solution that provides a smarter approach to indirect procurement. By unifying Eurocard's proven payment solutions with Mazepay's innovative platform, we make B2B online purchases as simple and secure as it should be, says Anne Mette Bergmann, Key Account Manager at Eurocard.
As the solution is built around Eurocard's single-use virtual cards, a new virtual card will be issued for each unique purchase. No matter how business rules are configured, a single-use virtual card will never be issued without pre-approval.
And even though unique virtual cards are created for each purchase, all transactions are collected on one single monthly invoice.
”Companies no longer have to onboard one-time suppliers or track down maverick spending and stray invoices. With this solution, the time and resources that are spent on managing small invoices are significantly reduced - all while improving spend visibility", says Per Daluiso Salmonsen, International Sales Executive, Mazepay.
Here’s how it works:
An employee makes a purchase request in Mazepay.
The request is approved by a manager or automatically by validating the request against pre-approved business rules set up in Mazepay.
- Receive card
A unique single-use virtual card is issued and instantly shared with the employee.
The employee makes the purchase with the single-use virtual card.
- Upload receipt
The employee uploads the receipt to Mazepay.
- Automated posting
All payments across all employees are consolidated on a single monthly invoice and automatically posted into the financial system.
- For accounting
Account Payable downloads file within Mazepay for automated posting of all purchases into the accounting system.
If you want to learn more about how our joint solution enables seamless processes and B2B payments for indirect procurement, get in touch with us:
Anne Mette Bergmann
A fast-growing Danish fintech company - and Mastercard global partner - that simplifies companies' indirect procurement processes.