Citi has launched the Citi Meeting Card solution designed to provide organizations with the ability to simplify meeting and event expense management processes. It provides a single, global solution to increase spend transparency and impose greater budgetary controls over meeting spend.
According to the company, the Citi Meeting Card solution provides enhanced security and control over expenses allowing organizations to track and analyze transaction data by department, cost center, spend category and supplier. It allows for a clear, consistent picture of meeting expenses and, as with other commercial card solutions, provides greater leverage when working with suppliers.
The Citi Meeting Card solution can also be integrated with meetings management software to provide a complete meetings management solution to plan, source, pay for, reconcile and ultimately streamline meeting management requirements.
Hubert Jolly, global head of commercial cards within Citi’s global transaction services, said: “Building off of our experience in the travel & entertainment and purchasing card markets globally, the Citi Meeting Card brings an increased level of efficiency and control to what is a sizeable and under-measured pocket of spend. Clients now have a single solution to capture and monitor their meeting and event expenses.
“With the addition of the declining balance and virtual card options, they can even more tightly control their budgets and ensure compliance with internal policies.”