BMO Spend & Payment Solutions, a division of BMO Financial Group, has partnered with IBM’s managed business process unit to help joint clients control business travel and expense management costs, drive process and policy transformation, and improve compliance with corporate spend policies.
According to BMO Financial, the partnership benefits organizations and their employees: Expense data from BMO and Diners Club corporate cards – both of which run on the MasterCard network — feeds automatically into IBM’s Global Expense Reporting Solution (IBM GERS), reducing employee’s time and effort to submit expense reports, and giving corporate travel managers improved visibility and control into travel and entertainment (T&E) spend.
Additionally, organizations that utilize BMO or Diners Club corporate cards automatically qualify for preferred pricing on GERS. With IBM GERS, employees can track purchases made on their BMO or Diners Club corporate card, and access specific and categorical breakdowns of where the card was used and what was purchased.
Bolstered by its acquisition of the Diners Club North American franchise last year, BMO offers a wide range of corporate card solutions with the global acceptance of the MasterCard network.
Terry Wellesley, executive managing director and group head of BMO Spend & Payment Solutions, said: “Our approach has always been to listen to customers and tailor solutions to meet their immediate and long-term needs. That means freedom to choose from an array of best-in-class solutions. With our card programs married to IBM’s expense management solution; we are ideally positioned to provide global business travel solutions.”