BIRMINGHAM, AL – McLeod Software, a provider of dispatch and accounting fleet management software for the trucking industry, has released a new interface between its LoadMaster enterprise transportation management system and the Comdata MasterCard payment application, according to the Web site www.layover.com.
The interface will enable companies using the Comdata MasterCard to streamline accounting and reporting processes for discretionary business expenses, as well as enhance control and payment visibility in a single card program. Additionally, the system provides enhanced virtual card capability for safe, secure, one-time payments.
Transportations companies use the Comdata MasterCard payment application to improve control, reduce cost, and streamline the procurement of routine business expenses. These financial transactions are reviewed and allocated to the appropriate general ledger account through Comdata’s iConnectdata.com Web site and then downloaded to LoadMaster at the end of a designated billing cycle. Organizations can choose to create a new accounts payable voucher or new general ledger distribution, along with a full transaction history review.
The interface also allows LoadMaster users to issue the Comdata Virtual MasterCard on an as-needed basis for one-time purchases, instead of having to generate a check or purchase order for each transaction. LoadMaster then automatically creates a settlement deduction record for each virtual card transaction.
