Alpha Bank: First in Greece with Visa Commercial Format service for connecting corporate cards with ERP systems

Alpha Bank announced the launch of the Visa Commercial Format (VCF) service, becoming the first bank in the Greek market to offer this modern solution to its large corporate clients, in collaboration with Visa.

VCF is an internationally recognized data format standard that allows the automatic integration of Visa corporate card transactions into companies’ accounting and ERP systems (such as SAP Concur, Coupa, Expensia, etc.). This new service offers convenience, efficiency and increased control over expense management processes.

With VCF, businesses, among other things, enjoy:

• Automated data flow for faster reconciliation and reporting.
• Detailed transaction data, including product line level.
• Improved compliance and increased audit readiness.
• Easy integration with their internal financial and ERP systems.

Panagiotis Divriotis, Cards & Personal Loans Director at Alpha Bank, said: “We are excited to bring Visa Commercial Format to our corporate customers, upgrading the corporate card services we offer. This initiative reflects our commitment to offering innovative financial solutions that enhance the digital transformation of businesses and support progress in entrepreneurship for a better tomorrow.”