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Statement Management Key Benefits
The Statement Management module provides anytime, anywhere access so that cardholders,
administrators, and managers can view account information and transactions posted since the
most recent statement and monitor exactly what has been spent to date. Benefits of the Statement
Management module include:
Effective Online Statement Management
- View exact copy of paper statement — The Statement Management module provides an exact copy of a paper bill, thus enabling cardholders to review their account activity in a familiar, convenient format.
- Speed up the reconciliation process — By providing managers and cardholders with concurrent access to statements, you eliminate the need to circulate paper statements. Automatic e-mail notifications are also sent when statements are available, thus enabling a more rapid review process.
- Easily submit payments electronically — Once a cardholder has reviewed an official statement online, he/she can conveniently initiate an electronic payment, even while traveling. This prompt payment method reduces costs typically associated with processing as well as the chance of incurring late charges.
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Immediate Access to Real-time Account Activity
- Successfully monitor spending — Real-time allows a cardholder, administrator, or manager access to transaction data and account summaries posted since the most recent statement cycle. Cardholders can monitor their own spending and managers can access and monitor all cardholder spending that falls within their areas of responsibility, thus enabling better overall expense management.
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Employee Empowerment With Self-service
- Enable cardholders to manage their own statements — With the convenience of 24/7 access to current account information, users can easily and quickly answer their own questions about balances, transactions, and payments. Plus, you can immediately retrieve and print official statements without involving the bank.
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