Collecting payments
Making payments
Card options
Managing payments
Payment initiatives
Approval2Buy
Take control
Approval2Buy is a web-based system that improves corporate purchasing by enhancing global controls and increasing transaction security.
Using an integrated pre-approval process and secure virtual card numbers, Approval2Buy allows you to expand your card programme, while maintaining the highest levels of control over spending and reconciliation.
Key benefits
Greater control
Real time pre-authorisation and transaction controls help you manage supplier charges and individual employee spend - improving your control and enhancing data capture.
Improved flexibility and security
Each Virtual Card Number (VCN) lets you customise things like spending limit, expiry date and the supplier where the card can be used. When a VCN is used to make a purchase, Approval2Buy identifies the number and checks the transaction matches the original request. If it doesn't, the transaction is declined.
Enhanced data analysis and management
Smart Data OnLine is a web-based management information tool that lets you organise, analyse and manage your expenditure.
Improved reconciliation
Approval2Buy provides unique transaction numbers and allows you to attach up to forty fields of additional, non-transactional data to each transaction. Using information like employee ID, cost centre, project code and cost allocation, you can streamline your internal reporting and reconciliation process – and increase the quality of your management information.
Save time and reduce errors
The (VCN) lets you automatically record, track and reconcile every transaction – freeing up staff time and minimising the need to write off purchases. The improved control also reduces the need to audit retrospectively.
Find out more
For a demonstration of how Approval2Buy works, visit rbsapproval2buy.co.uk.
To find out how Approval2Buy could benefit your organisation, contact your relationship manager, or call us on freephone 0808 10 10 900.