In 2013, Olivia Leong, Head of Commercial and Prepaid Solutions in Asia Pacific had a grand vision to build a single unified platform that provided omni channel data ingestion and normalized data output in the areas of:
– Procure-to-Pay Automation
– Payables Automation
– Spend Managment
– Invoice Management
– Commercial Payment Consulting
Dimitri Snowden was tasked to bring Olivia’s vision of a single unified platform that provided omni channel data ingestion and normalized data output into reality. In 15 months, Dimitri Snowden designed and architected the analytics engine that powers Visa Business Insights. From the raw data modeling to UI/UX and app development to commercial and business strategy to go-to-market planning, Dimitri lead every step of the way.
Visa Business Insights is now the platform on which all AP Visa programs and initiatives will be launched!
Procure-to-Pay Automation
Procure-to-pay capabilities cover strategic sourcing, contract management, order placement (including supplier-managed web content); touchless eCommerce payment and settlement, reconciliation, reporting, control and audit, and analysis of the entire procure-to-pay process. Authorization controls are built-in to ensure that payment is exact in terms of amount and purpose.
By analyzing your spend detail, these capabilities help to assess compliance when raising purchase orders, as well as price variances for the same product with volume discounts and global price benchmarks.
Visa’s 16-digit accounts assigned to each of your key suppliers can help them to receive payment. A supplier onboarding process will also be managed so that they, in turn, can process card payments and reconcile receivables without altering existing business practices.
Payables Automation
Deploying payables automation capability allows you to send your account payables files directly to Visa or your financial institution from your Enterprise Resource Planning (ERP) system, eliminating processing steps.
Visa’s 16-digit accounts assigned to each of your key suppliers can help them to receive payment. A supplier onboarding process will also be managed so that they, in turn, can process card payments and reconcile receivables without altering existing business practices.
Spend Management
Automating expenses and payments using a Visa 16-digit account would allow for organizations to get their expense information in a clean and easy-to-use format that can be uploaded into their expense management systems. It also means that expenses and payments can be tracked in real-time, giving full visibility that could help organizations spot maverick buying or off-limit expenses.
The system is agile enough to ensure that changes in policies or regulations are immediately captured and limits are reset so that even during a transition, off-limit spending cannot occur.
Invoice Management
The capabilities automatically capture details such as dates, product and service descriptions, and amounts to enable a three-way match of POs, invoices and payment instructions, eliminating time-consuming manual intervention. Data is delivered to you in flexible formats that enable you to seamlessly integrate information into your existing ERP systems. Data analysis is timely and accurate, enabling greater visibility into expenditures, collections and cash flow.
Commercial Payment Consulting
B2B payment experts from Visa use a customized approach that identifies challenges of individual business situations, organizational structures and market conditions. We apply a proven methodology to benchmark best practice, assess the current position, identify opportunities, and help plan for successful change. We also emphasize delivering expertise and sharing our industry knowledge, so that our partners can continue to apply and assist organizations to build and grow their businesses.
