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Visa Spend Clarity

Visa Spend Clarity

Overview

What is Visa Spend Clarity?

Visa Spend Clarity offers a suite of end-to-end spend management solutions to empower businesses of all sizes and levels of complexity to control spend, maximize visibility, and optimize cashflow. it is designed so that with it, financial institutions can deliver…

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Recent Reviews

Thank you!!!

9 out of 10
November 28, 2022
Incentivized
Our organization utilized Visa Spend Clarity across several platforms to purchase and conduct transactions between multiple business …
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Pricing

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What is Visa Spend Clarity?

Visa Spend Clarity offers a suite of end-to-end spend management solutions to empower businesses of all sizes and levels of complexity to control spend, maximize visibility, and optimize cashflow. it is designed so that with it, financial institutions can deliver payment and spend management…

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Details

What is Visa Spend Clarity?

Visa Spend Clarity delivers spend controls, mobile and virtual payment solutions and streamlined reporting to help businesses of all sizes organize expenses, accelerate efficiency and drive compliance.

Visa Spend Clarity for Business

For smaller companies with more straightforward spend management needs.

  • Secure self-registration and access
  • Full control and categorization of all spend transactions
  • Card controls with real-time alerts and transaction notifications
  • Intuitive dashboards and streamlined reporting
  • Integration into existing accounting software
  • Mobile receipt upload to improve record keeping

Visa Spend Clarity for Enterprise

For medium-sized to large businesses with more complex needs.

  • On-the-go expense management with auto-linking of uploaded receipts
  • Control and visibility of employee transactions and card statements
  • Secure access to spend with virtual cards and custom controls
  • Dashboards and tools to identify spend patterns and make informed decisions
  • Online card management that enables card administrators to control card programs
  • Automated and secure payment solutions to reconcile and pay suppliers quicker

Visa offers Spend Clarity solutions tailored to meet the needs of financial institutions, and businesses of all sizes and complexity from SMBs to enterprises.

Visa Spend Clarity Video

Visa Spend Clarity Overview

Visa Spend Clarity Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews and Ratings

(4)

Reviews

(1-3 of 3)
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November 28, 2022

Thank you!!!

Score 9 out of 10
Vetted Review
Verified User
Incentivized
Our organization utilized Visa Spend Clarity across several platforms to purchase and conduct transactions between multiple business partners. Several accounts relied solely on using the Spend Clarity application for purchases and our company had to adapt to their needs. After using the Visa Spend Clarity application for over 2 years, the process was made easy and we were able to fulfill the needs of the customer.
  • Quick transactions
  • Brand name recognition
  • Reliability
  • More users
  • More brand awareness
  • More partners needed
We needed to make multiple purchases through several different vendors and partners and the Visa Spend Clarity application made it easy for each transaction. Over the course of two years we relied on the Visa Spend Clarity application for several key partnerships where they relied solely on this application. Our company developed an understanding and trust of the application in order to further our partnerships. Thank you.
  • Easy transactions
  • Brand Awareness and Trust
  • Fast results
  • More trust from our partners
  • Clear and concise transactions
  • Fast results with returns
We found the results and returns with the Visa Spend Clarity were more positive than some other platforms. After researching competitors like, Data Card Wizard and Airwallex, we found the ease and comfort for our customers was more beneficial by using the Visa Spend Clarity application. The brand name helped ease the customer's concerns.
Score 8 out of 10
Vetted Review
Verified User
Visa Spend Clarity is used to manage and monitor organizational spending. It provides insights into where and how money is being spent, as well as identifying spending patterns and trends. This helps organizations to make more informed decisions about their budgeting and financial management. This tool gives us visibility into our spending patterns and helps us make informed decisions about where to allocate our resources. It is also helpful in tracking and managing our budget. The product addresses the problem of businesses not knowing where their employees are spending their corporate card funds. This can lead to misspending and fraud. The product works by tracking employee spending on corporate cards. It provides businesses with data and insights into where their employees are spending money.
  • Visa Spend Clarity provides clear and concise spending reports that make it easy to track and monitor spending.
  • The reports can be customized to show specific spending categories, merchant types, and time periods.
  • Visa Spend Clarity also offers a variety of tools and resources to help cardholders manage their spending and avoid overspending.
  • Helping users track their spending in real-time
  • Providing budgeting tools to help users stay on track
  • Offering customer support to help users resolve any issues
  • Visa Spend Clarity could improve its features by allowing users to see more detailed information about their spending patterns, such as where they are spending the most money and what types of purchases they are making the most frequently.
  • Additionally, it would be helpful if users could set up spending alerts so that they would be notified if they were approaching or exceeding their budget for certain types of expenditures.
Visa Spend Clarity is well suited for analyzing spending patterns over time and across different categories. Visa Spend Clarity is well suited include understanding where you are spending your money, getting customized insights on your spending habits, and receiving real-time alerts on your spending. Scenarios where Visa Spend Clarity is less suited include if you do not have a Visa card, if you do not want to receive real-time alerts, or if you do not want to share your spending information with Visa. It is less suited for analyzing one-time or irregular expenses.
  • The first and most important feature of Visa Spend Clarity is that it provides merchants with a way to see how much they are spending on Visa transactions.
  • Another important feature of Visa Spend Clarity is that it provides merchants with a way to see how much they are spending on foreign transactions.
  • Visa Spend Clarity also provides merchants with a way to see how much they are spending on online transactions.
  • Some possible positive impacts of Visa Spend Clarity include increased transparency of spending habits, more effective budgeting and money management, and improved overall financial health. Additionally, Visa Spend Clarity may also lead to more strategic and informed decision-making when it comes to using credit.
  • On the other hand, some possible negative impacts of Visa Spend Clarity include feelings of anxiety or guilt associated with credit card spending, as well as the potential for overspending if users are not careful.
  • Additionally, Visa Spend Clarity may also lead to financial arguments or conflict if users are not on the same page about their spending habits.
Andrey Lokshin | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Our subcontract organization (outsourcing IT company) uses it to give payment limits to contractors located in the US and Eastern Europe, and Kazakhstan to have funds for covering their accommodation costs when they travel to meet clients or for remote contractors that need to pay communication costs (internet, mobile phones, computer cleaning materials) or premises rent (co-working facility) and we agreed to cover them within definite limit per month. That works with Visa Spend and especially fits our strategy of bookkeeping with Intuit Quick Books as the primary accounting tool so we can easily upload per every person costs collected within any given reporting period.
  • Virtual visa openings.
  • Setting Visa limits per given time period.
  • Admin tool for funding account user.
  • Multicurrency
  • Limits per location.
  • Focused on virtual visa limits, some locations may need real card connected.
  • Limit per card and period - once reached and notified would be great to have extra 10% from the funding account added. Cause there may be FX differences or the person is in travel in a different time zone for calling to manually add balance by admin.
  • Admin account must assign names of categories only (unified for all users).
  • Invoicing tool - if user spend not properly to send a payback request.
  • Core services integration: Booking, Uber, Trip Advisor, AirBNB, Flow, GoodRX.
  • Loan request from a user to funding account: he may need to cover some uncovered by agreement costs - set request, set a return date.
  • Business reports at Admin or Funding account level to see helicopter picture as it is for a period even prior kept records to books or exported to CSV to process.
It is well suited and, I guess, is a primary role for remote or distributed teams - especially when you know a person not well to trust him in managing local costs was agreed to pay. If you work with contractors with irregular payments, it will suit you as well cause of immediate card transfer, but it may be limited by your local KYC policy. It is not typical to pay payroll costs with it because it is focused mostly on operations with virtual card balances, so it is less appropriate for it. So it works best for remote teams.
  • Virtual Visa cards instant issue.
  • Setting card balances by Admin of Funding account.
  • Intuit Quick Books integration.
  • Faster to start operations with remote ad hoc contractors.
  • Easy to cover Job interview costs (transfer, lunch, co-working etc.)
  • It is not feasible, but probably it takes 20% less time to start work with you contractor.
  • Once having integrations with Uber, Booking - probably discounts accumulated with funding accounts will influence the performance.
  • Visa Spend Clarity
It is mostly focused on virtual visa operations. In general, all cash flow controlling suits easily can start from Excel or Google Colab integrations and evolve even to Sungard or WSS. It depends. Visa Spend Clarity is about your flexibility "to have your own bank in a pocket" - open sub-accounts, set limits, and reconcile costs actually made by your contractors or employees. We should see it wider and include Uber, Booking, Airbnb, and Flow interactions to make it a really fast process for your contractor from your "Yes" to contractor "Done". The Visa Spend Clarity is not exactly about your money (costs). It is more about your ability to start acting faster even if all details of cooperation with a person are not agreed upon, but as soon as possible, discuss critical details or add maneuver to your decision-making while limiting financial risk with reasonable limits.
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