Simplify your supplier payments with enhanced controls, increased security and better data
Virtual accounts. Real control.
Revolutionise corporate purchasing with enhanced controls, increased efficiencies and better reporting. Approval2Buy™ is a powerful solution to help streamline payments by enabling users to create and manage unique, dynamically generated virtual account numbers in order to make payments to their suppliers for goods and services.
Watch Approval2Buy...
Watch this short video on how Approval2Buy can simplify your supplier payments with enhanced controls, increased security and better data.
Available to existing RBS business customers.
Approval2Buy™ in detail...
Benefits OpenClose
Transaction-level control
Workflow control
Automated reconciliation
Enhanced data
Virtual accounts OpenClose
Approval2Buy | Royal Bank of Scotland
- Patented technology to create unique VCN for each transaction
- Card numbers never reused, avoiding issues with credits/refunds
in the future - Ability to generate unique CVC number per each VCN needed for online payments
- Handles global programs with cards issued in multiple countries
Approval2Buy | Royal Bank of Scotland
- Appends 29 fields to transactions for optimal reconciliation and cost allocation
- Real-time controls of virtual cards
- Fees charged by the processors for ‘storing’ card numbers
- Long, successful track record of platform consistency and stability
Access options designed to suit you and your employees
- Users
Company employees can log in to Approval2Buy to request virtual card numbers, review their purchase requests and transactions.
- Programme administrators
Company Programme Administrators can set up users and payment controls, manage and monitor the virtual card programme with a variety of reports available