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We’re covering two weeks’ worth of B2B venture capital funding, and across the board, India has come out on top. But the largest venture capital funding round went to an accountspayable automation firm in the U.S. But the largest venture capital funding round went to an accountspayable automation firm in the U.S.
CSI Kick Start, a FinTech incubator operated by corporate payments company CSI globalVCard, said it has officially kicked off its second year of searching out B2B payments innovators. The company said Thursday (Jan.
In B2B FinTech, spend management is a greenfield opportunity as innovators explore how to help corporates understand the nuances of how money flows out of the enterprise. A business may have one platform for their corporate card, another for AP, and another for employee travelexpensemanagement.
Six corporate travelexpensemanagement and accountspayable (AP) solution providers are combining into a single company to form Emburse , according to a press release Thursday (Jan. Abacus, Captio, Certify, Chrome River, Nexonia and Tallie are merging together to integrate each other’s T&E and AP solutions.
This week’s look at the latest initiatives explores how FinTechs are wielding the corporate card in ways other than business trips, from accessing credit for accountspayable to financing employee lunches. Nium Uses Cards For Credit. Swile Lands VC For Corporate Meal Card.
” Chrome River introduced enhanced mobile capabilities of its solution last year, launching B2B invoice payment capabilities through mobile devices for accountspayable professionals. “Expensemanagement [in India] has been manual for a really, really long time,” he told PYMNTS in a recent interview.
The virtual card has recently gained traction in the corporate travel spend arena. Another B2B payments firm, WEX, recently released a whitepaper touting the v-card as not only a way to secure corporate spend on travel but for travel companies to safeguard their own payments with travel suppliers.
That’s when six corporate travelexpensemanagement and accountspayable (AP) solution providers announced they would join forces and combine into a single company called Emburse , according to a press release.
WEX is lending its B2B payments capabilities to the enterprise software services of Apptricity. An announcement by the companies Thursday (July 26) revealed news that Apptricity is integrating WEX’s corporate payment solutions into its own offering of automated supply chain, travel and expense (T&E) and spend management solutions. “We
Analyzing the dollars and cents associated with business trips is now a fundamental part of an organization’s travel and expense (T&E) strategy to ensure that it can squeeze every penny in added revenues and profits out of each trip. It’s not an easy feat, however. Accessing Data.
A cloud-based application will be integrated with VAI’s existing S2K Enterprise platform, which supports data integration and visibility into company expenses. SAP Concur’s solutions include accountspayable, expensemanagement, invoice automation, travel booking, mileage tracking and other tools.
Specifically, Nexonia is looking at the takeover as a way to help expand its accountspayable and purchase order capabilities; Wainwright said the firm will incorporate these features into its solution following the deal. Reports said the executive is also eyeing more takeovers.
. “We’re helping our clients manage payments effectively and efficiently by removing the need for manual processes,” said BMO Financial Group Head of North American Corporate Card Products Steve Pedersen in a statement.
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