A way for corporations to pay for travel-related expenses from a single centralized account held by the Travel Management Companies. The result is a convenient solution delivering consolidated, transparent and enhanced data to drive tighter control over travel budgets.
Common benefits of centralized payments:
Gain more control
Better spend control and adherence with travel policy through superior reporting.
Increase employee satisfaction
Improved employee support through the elimination of employee reimbursement and cash advances.
Improve cash flow management
Travel activity is typically consolidated and billed on a single monthly statement.
Enhance policy compliance
Many companies report an increase in compliance to corporate travel policy when using CTS, including better use of the designated Travel Management Companies (TMCs) and improved utilization of preferred travel suppliers.
Our completely automated T&E expense reconciliation will help minimize the chance for mistakes and save time with tasks like reconciling reservations to charges.
Better control and transparency of travel expenses will enable you to save on your company's travel costs.
Easy expense tracking
With fewer corporate cards distributed to employees, tracking expenses is much easier for you and your employees.
How it works
How does Mastercard CTS work?
- Employees book travel through a centralized account held by your trusted travel management company.
- The financial information for each booked transaction flows from the standard clearing process into the Mastercard Global Data Repository.
- The information is matched to the enhanced data provided by the travel management company or other merchant.
- The transaction files are then delivered to the relevant expense reporting, general ledger or enterprise resource planning tool, while the issuer delivers the statement information.
Mastercard CTS provides a seamless consolidation of enhanced transactional data, in addition to traditional financial information which helps obtain a complete view of travel expenditure. This empowers companies to make more informed business decisions, improve reconciliation, program compliance, accounting support and program management.
Advance reporting and analysis
Mastercard CTS utilizes Mastercard Smart Data, an expense reporting and management platform. Pre-formatted travel data can be sent directly to your accounting system or Mastercard smartdata.gen2™, the web-based expense reporting analysis solution.