Marriott to Participate in MasterCard Enhanced Hotel Folio Data Program
MasterCard has announced that Marriott will begin participating in April in its enhanced hotel folio data program. With the MasterCard enhanced hotel folio data program, corporations have access to room, tax, meal, telephone and business center fees, among other itemized expense details. The transactions are presented back to the corporation electronically and on its monthly invoice, streamlining expense analysis, management reporting and the accounts payable process.
"Providing enhanced hotel folio data serves the bottom-line, expense management needs of our financial institutions' corporate customers," said Steve L. Abrams, senior vice president, Corporate Payment Solutions, MasterCard International. "With the addition of 1,500 of Marriott's properties to the MasterCard portfolio of enabled hoteliers, corporations will find it easier than ever to manage MasterCard corporate card spending, ensure T&E policy compliance and integrate expense reporting with their existing accounting systems.""Marriott is committed to delivering the highest quality product and service to our customers," said David Townshend, senior vice president, Marriott International Global Sales Organization. "Therefore, rather than adapt an existing system, we've invested in a purpose-built technological solution that is designed to deliver complete, accurate and timely transmissions. We're excited to join MasterCard in providing this offering through their enhanced hotel folio program."
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