What is UATP?
UATP streamlines billing and provides detailed activity reports that track a traveller’s carrier, destination and travel itinerary.
UATP cards are issued by airlines worldwide to their corporate customers; and accepted by more than 260 airlines, and travel agencies globally. This makes UATP an impressive network for corporate clients who use UATP as their preferred form of payment. UATP supports all Issuers with state of the art Authorisation and Transaction Processing. UATP Issuers are required to be shareholders of UATP.
Why should corporations subscribe to UATP?
- Receive detailed reports for air travel.
- Centralise billing and improve cost controls.
- Manage corporate travel spend in less time with more accuracy.
Superior Management Reports: Corporations claim that UATP offers the most comprehensive worldwide air travel reporting in the industry. Detail is at the segment level (not offered by most card programs) that provides detailed travel expense patterns for your company with precise information for budget analysis and forecasting of air travel expenses. Information includes, who travellers are, where and when they travel, on which airline they travel, and how much they pay. This level of detail allows companies to control costs and reconcile easily.
Ease of Reconciliation: Concise, centralised billing from the issuing airline is available in multiple formats to interface with your corporate accounting systems.Customised billing options break expenses down by cost centre, department, project, client, employee of other category - whatever best suits your needs.
Improved Control: The biggest challenge facing finance executives and travel managers is the lack of compliance with Travel & Expenditure policies. UATP keeps air travel charges separate from other corporate travel and entertainment expenses, adding greater control by discouraging credit misuse and simplifying reconciliation.
Elimination of Fraud: UATP is a centrally billed system which is preferred among travel managers globally. It allows travel managers to consolidate data into one statement for better monitoring and compliance of travel policy while eliminating employee fraud. There is virtually no fraud or chargeback’s. Lodged accounts reduce account number exposure and limit the risk of employee abuse. Better data provides corporate security through employee tracking.
Flexibility: UATP offers one of the most efficient and flexible payment systems available, including a card less account.
No Hidden Costs: UATP does not have any application or annual fees. Companies do not have to pay currency conversion fees (this can be as much as 3%).
How is UATP processed?
We use an agency to book our travel and I want to make sure there is no change for them.
UATP is processed just like any other form of payment. The agency books a ticket on the traveller’s behalf via their reservations solution. When they are prompted for the form of payment, they enter the UATP account number. A valuable feature of UATP is that the product is flexible. Corporations can choose to have a lodged account (i.e a virtual card - no plastic) or a physical card. A lodged account works especially well with agencies because the number is held with the agency in the traveller’s profile which provides excellent security.