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With years of experience in system
development in the travel and the credit
card industries, Redfin Technologies has
built the optimum solution for central
billed hotel for banks or their third
party processors.
Redfin’s Central Billed Hotel (CBH)
system allows corporate card issuers to
support the requirements of their
clients whom centrally control and
purchase hotel rooms.
The Redfin solution enhances the
company’s ability to:
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Negotiate the lowest hotel rates and
assure their usage
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Consolidate hotel charges into a
single monthly statement
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Centrally process hotel payments and account for expenses in an efficient manner.
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Combine detailed hotel folio data with
their credit card charges
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Avoid issuing individual credit cards to the majority of corporate travelers
thereby eliminating the costs of and the risk of improper credit card usage.
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With the Redfin CBH system the corporate client receives complete information
regarding the hotel transaction and the traveler including their employee id,
cost center, project number and any other data that the client requires.
Through the use of Redfin proprietary
software, CBH is able to capture all
necessary data by accepting input from:
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Bank financial capture
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Travel agency back-office feeds
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Direct transmission of accounting
records through the GDS systems
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File transmission from hotels
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Direct connection to hotel reservation
systems
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Reconciliation of bank financial charge
data and enhanced data captured from the
above sources is another extremely
powerful feature of the CBH solution.
Sophisticated algorithms automatically
reconcile charges with the hotel folio
and travel agency data.
The CBH system includes a sophisticated group subsystem
to meet the challenges represented by group bookings that
are paid for with a single charge transaction. This
subsystem allows the client to receive enhanced data for
all members participating in the group.
The CBH database is organized
hierarchically and allows transactions
from various subsidiaries and
departments to be billed individually
and, if required, aggregated and
reported in whatever fashion the
corporation desires.
CBH works efficiently within the most
restrictive payment windows by allowing
the corporation to process large monthly
transaction volumes through:
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Online access to enhanced transactions as soon as they are submitted
by the hotel thereby allowing companies to process and post transactions
daily.
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Ability to download data in multiple
computer formats for submission to the
client’s financial systems
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Online access by the corporation’s
travel agency to their transactions
allowing the agency to assist in
resolving open items
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Online access to posted transactions
allows the corporate client or their
travel agency to change non-financial
data assuring proper posting.
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CBH allows the issuing bank to eliminate
monthly statements and all the
supporting documentation because CBH
makes this information available daily
on-line and includes the ability to
download all statements and reports in
PDF format.
CBH provides sophisticated management reporting through its ability to capture enhanced data.
The data captured
by the system supports the analytical
and purchasing needs of the client
through the use of CBH’s sophisticated
database.
Examples of how the data can
be sorted and reported:
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Cost center or project code
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Hotel usage
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Hotel usage by City
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Administrative support and security are
important features of Redfin CBH:
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Administrator support is provided for
the bank issuer, corporate client and
travel agency.
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All Administrators have an easy to use
facility whereby they determine who will
have access to the system and what
features of the system they can utilize
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Username and password are required to
access the system at all levels
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All transactions are logged and can be
reviewed by the system administrator
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The Redfin CBH solution allows a bank
issuer to define his or her own
identity:
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All screens and reports are easily
modified to take on the banks look and
feel
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All terminology and field identifiers
are contained in the CBH “dictionary”
and can be easily changed or translated
to the local language
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Integration of the CBH solution into the
bank’s website can be easily
accommodated
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CBH receives and shares data from multiple systems and as
part of the implementation plan; the bank identifies these
requirements to Redfin.
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CBH supports all major languages
CBH works with all card associations or
can function as a private label product
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