How does Mastercard CTS work?
- Employees book travel through a centralized account held by your trusted travel management company.
- The financial information for each booked transaction flows from the standard clearing process into the Mastercard Global Data Repository.
- The information is matched to the enhanced data provided by the travel management company or other merchants.
- The transaction files are then delivered to the relevant expense reporting, general ledger, or enterprise resource planning tool, while the issuer delivers the statement information.
Mastercard CTS provides a seamless consolidation of enhanced transactional data, in addition to traditional financial information which helps obtain a complete view of travel expenditure. This empowers companies to make more informed business decisions, improve reconciliation, program compliance, accounting support, and program management.
Advance reporting and analysis
Mastercard CTS utilizes Mastercard Smart Data, an expense reporting, and management platform. Pre-formatted travel data can be sent directly to your accounting system or Mastercard smartdata.gen2™, the web-based expense reporting analysis solution.