Conferma Pay, a subsidiary of Sabre; and Inlogik have announced a new solution for business travelers to simplify and automate the reconciliation of hotel expenses using virtual card technology.

Businesses implementing this new service will have all their employees’ hotel invoices automatically tracked and transformed to be tax- and audit-ready. This streamlined process, according to an announcement, not only saves corporate travelers and their employers significant time, but also provides improved oversight and increased control over expense budgets.

Understanding the need for payments to be efficient, fast and secure, according to the announcement, Inlogik’s ExpenseMe/ProMaster Expense Management System has been integrated with Conferma Pay’s virtual card solution to automate the often-laborious expense process. According to the announcement, this boosts employee satisfaction, reduces intentional and accidental fraud, and improves compliance.

Jason Lalor, CEO of Conferma Pay, said that drawing on the company’s long-standing experience in the hotel and travel industries, “this new system gives businesses what they need most: more time and better visibility.”

The service is based on Conferma’s snap+ solution, which collects invoices and identifies relevant invoice data, breaking down the total cost of stay, including the room rate and extras such as parking, meals and laundry. This information is then provided to Inlogik to automatically create the expense entries, applying their financial coding across the data, which provides the gross, net and tax amounts associated to each line item.

Richard Eskell, CEO at Inlogik, said the granular level of data this solution provides means businesses can have greater visibility into the detail of their travel expenses. This critical information as corporate travel continues to grow, he said, “is key to giving businesses insights and understanding of their operations at every level.”