Impact
- Reduced fraud risk
- Improved operational efficiency
- Better financial control
- Scalable payment infrastructure
Products Used
- JusBiz
- Payment Page
- Intelligent Payment Orchestration
- Surcharge Solutions
TravClan is a rapidly growing corporate travel management platform that aims to streamline and simplify the process of corporate travel bookings and payments. Their goal is to ensure businesses can manage travel bookings for their teams – whether hotels, flights, or transport providers – while making sure vendors receive secure, timely payouts. As corporate travel is inherently fast-paced and high-stakes, TravClan needed a reliable payment system to handle large-scale transactions securely and reduce operational inefficiencies.
Payment Security: Virtual Cards for Secure Payouts
One of the significant issues for TravClan was the risk of fraud and exposure associated with using primary corporate cards for vendor payouts. Juspay’s JusBiz solved this by enabling the use of virtual cards to eliminate risks:
- One-Time Use Cards: Virtual cards issued via Visa Tokenization Rails allowed TravClan to generate cards that were valid for one-time use, reducing fraud risks.
- Spend Limits and Expiry: Each virtual card came with spend limits for each transaction and was auto-expired after use, offering better control.
- Merchant Locks: The cards were restricted to specific vendors, ensuring the funds were only used for pre-approved purposes like payments to airlines or hotel partners.
One-time-use virtual cards minimized unauthorized transactions and never shared primary corporate card details, significantly reducing fraud risks and exposure, ensuring safer transactions.
Simplifying Reconciliation with Automated Workflows
Managing multiple transactions across vendors was a tedious process for TravClan. Juspay’s JusBiz provided a solution by automating and streamlining the approval workflows and reconciliation processes:
- Approval Workflows: Multi-level checks were put in place for vendor payouts, ensuring that no transaction could happen without proper authorization.
- Real-Time Reporting: Real-time transaction reports allowed instant tracking, reducing delays and errors.
- Automated Reconciliation: Automated reconciliation tools saved significant time and manual effort by matching payouts automatically, improving the accuracy and efficiency of the entire process.
Automated reconciliation and approval workflows reduced manual intervention, saving time and reducing errors.
Optimizing Payment Infrastructure with Payment Pages and Orchestration
Beyond JusBiz, TravClan leveraged Juspay’s Payment Pages and Payment Orchestration to create a frictionless payment experience for customers and ensure that transactions were routed efficiently:
- Seamless Checkout: With Juspay’s Payment Pages, TravClan provided a smooth and branded checkout experience, improving customer satisfaction and ensuring easy transactions.
- Intelligent Routing: Payment Orchestration intelligently routed payments to the most reliable and cost-effective gateways, improving payment success rates.
- Surcharge Solutions: TravClan could flexibly manage payment fees using Juspay’s Surcharge Solutions, giving them more control over transaction costs.
Results: Faster, Secure Payments
- Fraud Prevention: The use of one-time virtual cards dramatically reduced fraud risks and ensured secure vendor payouts.
- Increased Operational Efficiency: Automated reconciliation and approval workflows saved time and effort, leading to smoother operations.
- Better Financial Control: Spend limits, merchant locks, and automated workflows provided more control over payouts and reduced errors.
- Scalable Solution: Juspay’s solutions supported TravClan’s rapid growth, ensuring their payment infrastructure could scale seamlessly with increasing transaction volumes.
Way Forward
At Juspay, we’re excited to continue supporting TravClan in its journey to create a secure, efficient, and scalable payment experience for its growing network of corporate clients and vendors. With intelligent payment solutions like JusBiz and Payment Orchestration, TravClan is set to enhance the corporate travel experience and grow seamlessly across new regions.
