Billback
What is Billback?
Billback is a financial process used in corporate travel and expense management where third-party service providers, such as hotels or travel agencies, handle payments upfront. The costs are then invoiced back to the company or client, eliminating the need for employees to pay out of pocket.
This method is commonly used for accommodations, car rentals, and other travel-related expenses, ensuring better financial control and compliance with corporate policies. It also reduces administrative burdens by consolidating expenses into a single invoice instead of multiple individual reimbursements.
For businesses, billback enhances cash flow management by delaying payment until the invoice is processed. It also allows companies to negotiate better rates with travel providers, leading to cost savings on corporate travel.