Chase, IBM Partner in Card Solution for Travel Expenses

ChaseJPMorgan Chase and IBM are combining expertise to offer a corporate travel and expense management service with the use of a Chase corporate card.
In doing so, Chase is competing with a recently-announced travel management service offered from credit card rival, American Express.
Chase said it will offer a corporate card solution the helps better track travel costs, “better leverage” supplier relationships and cut cost and time associated with expense reporting. It will also monitor and audit expense reports for compliance with travel policies.
As business travel purchases are made, the Chase transaction details – along with data from travel suppliers – is uploaded into IBM’s service, Global Expense Reporting Solutions, and automatically populates the expense report under the appropriate categories.
This should result in less time needed to prepare, file, audit and approve expense reports, Chase said.
IBM’s service automates everything, including the submission, approval, reimbursement, and monitoring of employment-related expenses, Chase said.
“IBM is a global leader for web-based travel and expense management,” said Eduardo Vergara, Global Commercial Card executive, and J.P. Morgan. “By partnering on a more formal basis, J.P. Morgan continues to enhance the power and scope of its commercial card offerings while bringing greater value to its clients.”

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