Travel and expense reconciliation and settlement solutions firm Conferma is entering the Asia Pacific region in a deal with the Abacus GDS.
The Manchester-based technology company has signed an agreement to form a strategic partnership as it executes its strategy to achieve global presence in the major corporate travel markets.
The agreement compliments existing partnerships with other GDSs in the Americas and Europe and is expected to go live this summer.
It will see the Conferma secure single use account, or virtual card number, settlement solutions integrated into the Abacus desktop solution and made available to Abacus’ agents throughout the Asia Pacific region.
Travel management companies that subscribe to Abacus will be able to extend the benefits of the Conferma-powered payment solution to their corporate customers while retaining their preferred banking partner relationship.
The partnership marks the first time Conferma’s capability will be offered to corporate customers in the Asia Pacific region, bringing them additional billing opportunities.
Chief executive Simon Barker said: “Payment has become one of the key drivers in effective corporate travel management and the industry is realising the benefits that a secure controlled payment solution such as Conferma can deliver.
“This partnership is another strategic step for Conferma as it provides significant integration and billing opportunities for our banking and payment partners in this fast growing T&E market.”
Abacus president and chief executive Robert Bailey added: “Increasing flexibility for corporate travellers in Asia Pacific is a key proposition we make to our customers.
“This partnership delivers on that promise by offering more traveller payment and settlement choices with the benefits of simplifying transactional processes, reducing errors, and bringing down costs.
“In a fast-moving and fragmented market, Abacus customers will be the immediate beneficiaries as we accelerate more online and mobile payment solutions for the corporate travel sector in the Asia Pacific region.”