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This manual system has been a source of frustration for both workers and their employers for years, but the pandemic has exacerbated the systems’ deeper flaws and served as a catalyst for a wave of spend ma nagement innovation. This growth is not limited to the business-to-consumer (B2C) market, either. About The Playbook.
The vast majority also said that small business (SMB) owners that mix personal and business-related expenses are making it much more difficult for their accountants to manage the books. Today’s expensemanagement space offers small businesses a flurry of options that they can integrate into their existing operations.
Expensemanagement solutions provider Coupa is rolling out a suite of B2B payment solutions collectively known as Coupa Pay, and the firm is working with Barclaycard to boost adoption of electronic B2B payments. 7) said Coupa Pay is making its market debut with a range of both payment and business financing solutions. .
Amadeus B2B Wallet Expands Functionality. In another initiative gearing up for the return of corporate travel, travel management platform Amadeus has announced that its payment offering, the Amadeus B2B Wallet, is now able to automatically generate virtual cards through a partnership with Troovo , PYMTNS reported.
Corporate expensemanagement solution provider Coupa has updated its platform with new features targeting compliance and fraud prevention. These innovations deliver against our mission to continuously set the innovation agenda for our industry and make businessspendmanagement simpler, safer, and smarter for companies everywhere.”
Visa and American Express (Amex) turned their attention to promoting virtual card adoption as a technology that enables greater visibility and security in B2B transactions. As physical cards continue to proliferate in the B2B setting, virtual cards are slowly gaining traction for a range of B2B use cases.
Separately, in an effort to stymie fraud, corporate expensemanagement solution provider Coupa has updated its platform. As reported in this space during the week, the invoice payment enhancements are part of Coupa’s expansion into the B2B payments sphere via Coupa Pay, which debuted late last year.
This week’s look at the latest in commercial card innovation explores the latest technology offerings adding new incentives for businesses to make that switch, from cash-back rewards to streamlined employee expensemanagement and faster access to earned revenues. SumUp Wields Cards For Faster Revenue.
There may be talk of a venture capital slowdown, but B2B FinTech saw a busy week, with more than $280 million raised. Investors found promise in startups that target financial institutions (FIs) with software to improve their own services, as well as FinTechs that offer small business solutions by wielding their bank data.
Chief financial officers (CFOs) surveyed by The Economist Intelligence Unit revealed a lack of visibility into corporate spend in a new survey released on Monday (May 7). The results of this study are not surprising — visibility remains a huge challenge for CFOs in today’s dynamic and ever-evolving business environment,” he said.
Corporate spendmanagement platform Coupa is expanding availability of virtual commercial card payments as a result of a partnership with BNP Paribas , according to a press release from the financial institution. “Open finance will allow faster payroll, simpler expensemanagement and streamlined invoicing and budgeting.”
The business model in the U.S. the latest agreements and product releases in the B2B world are showing how Open Banking can have a similarly profound impact on corporate and small business banking and financial services, too. B2B FinTech, Soldo , announced a data integration with NatWest , allowing U.K. Another U.K.
In a press release , Coupa announced the launch of Source Together, a solution allowing businesses to harness the power of group buying to obtain greater leverage to access discounts and savings.
In a statement, BMO Harris Bank Head of North American Corporate Card Products Steve Pederson said the partnership “helps our clients streamline the B2B payment process, better support cash flow needs, and simplifies the process suppliers traditionally go through to accept a payment.” Global Cash Card’s Legal Saga Ends.
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