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Global Commercial Cards tailors to the requirements of firms of all different sizes and speeds up the workflow of everyone who participates in the expensemanagement procedure, according to the announcement.
Corporate travel and expensemanagement solution provider Serko has launched its Zeno Expense tool in North America, giving customers a new option for B2B travel management, a press release on the company website stated, alongside the company's Zeno Travel tool that was already available.
The company aims to provide both expense software and cards, instead of having companies use different teams for each one as has been done before. That tightens the loop between spend and expensemanagement, the release says, and can save customers around five days each month.
Microsoft is rolling out a new corporate expensemanagement solution designed for iOS devices, the company announced on Thursday (Oct. The enhancement supports employee expense reimbursements as well as micropayment disbursement and payment to employees for travel allowances to support mobile workforces, Microsoft said at the time.
Bank in order to integrate the former’s travel and expensemanagement platform with the latter’s U.S. Bank Instant Card, in order to boost expensemanagement for corporates, according to a press release.
B2B ’s pain points when it comes to payments are well known — where paper checks dominate, where even the fax machine makes an appearance. Along the way, they said, the B2B payments landscape itself will be transformed, chiefly through digitalization and verticalization. Interconnectivity And Embedded Finance.
This week's look at the latest in open banking initiatives shows creativity in how FinTechs, credit unions (CUs) and banks wield data integrations for the benefit of corporate end users, from streamlined credit underwriting to automated expensemanagement. Acumatica Links Its ERP Into Bank Data.
Yet this week's commercial card innovation tracker finds B2B financial service providers embracing the virtual card for a range of use cases, including fleet, corporate travel, and vendor payments. Bank, TravelBank Partner On V-Cards For ExpenseManagement. Comdata Digitizes Legacy Fleet Payment Tool.
Today in B2B payments, Barclays debuts a corporate trade finance platform, and Adobe introduces B2B data capabilities on its real-time Customer Data Platform. Plus, Zact introduces its expensemanagement solution, Monit adds new small business Banking-as-a-Service features and Plaid teams up with Jack Henry.
for expensemanagement, promising more efficient report approval and more options for businesses, according to a press release. SutiSoft , which provides cloud-based programs for business payments and finance operations, has rolled out its new SutiExpense 9.2
Smart cards are gaining popularity in the business world as the pandemic appears to be exacerbating the pre-existing problem of employees spending significant sums in the services of their companies only to then have to battle expense-reimbursement systems to get their money back.
Today in B2B payments, corporate acquirers get creative with technology in a pandemic world, while BBVA upgrades its expensemanagement offering. Plus, Sleek raises $4 million, JAGGAER upgrades its treasury management tool and AWS teams with Orange Business Services to accelerate corporates' digital cloud migrations.
While 2021 has kicked off with a bang in the venture capital arena — with several high-value investments on the books — this week's B2B VC roundup is all about the seed rounds. Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management.
This week's Commercial Card Innovation Tracker finds Barclaycard and Visa among the latest to embrace v-cards to elevate employee spend management and supplier payments. Barclaycard Debuts V-Card For ExpenseManagement. Dubbed Precisionpay Go, the new Visa-powered solution supports digital spend management for U.K.
In addition to employee expenses, another key challenge for companies is the money they spend, and sometimes waste, on subscription services. In the quest to grab greater control over and visibility into company spend, Alex Bean, co-founder and COO of expensemanagement company Divvy , said strategies must be proactive, not reactive.
India expensemanagement company Happay secured more funding after its Series B round, according to an unnamed source cited by VCCircle on Friday (Feb. The company also provides expense report generation tools, international travel cards and other card products based on spend category and scenario.
B2B FinTech startups have stepped into 2021 with a bang, as industry players raised more than $910 million in combined funding. And thanks to several nine-figure investment deals, BaaS, expensemanagement, payroll and B2B eCommerce are now in the spotlight. Zerone Microsystems Private Limited.
It was another stellar week for B2B FinTech startups, which announced a collective $191.8 B2B Payments. B2B payments automation firm Nvoicepay revealed a $10 million investment Wednesday (Oct. What would a B2B venture capital roundup be without an alternative finance player landing on the board? PayCommerce. SME Finance.
TravelBank ’s new Work From Home platform will allow businesses to set expenses and figure out logistics for working from home during the coronavirus pandemic, according to a press release.
In the inaugural edition of the B2B Workforce Spend Playbook: A Guide To Modernizing Everyday Spend , in collaboration with Conferma Pay , PYMNTS examines how the long-term transition to a remote workforce is affecting individuals’ ability to pay for the goods they need to work, eat, sleep, exercise and perform all their normal activities from home.
Corporate travel and expensemanagement firm Certify said in a press release Tuesday (Sept. The company secured an agreement to acquire Europe’s Captio , an expensemanagement solutions provider, marking Certify’s first takeover outside of North America.
This week, however, venture capitalists in the B2B FinTech space went global, hitting Australia, the U.S., Once again, it was a healthy dose of modest funding rounds for a varied B2B FinTech space, and we break down all of the $45.6 France and India. million raised. Commercial Cards. Corporate Travel. TripActions. Lighthouse.io.
When the B2B payments industry began considering what to expect for 2018, commercial cards weren’t often on the radar. Cards are still expected to account for only a minor fraction of B2B payments volume in accounts payable by the end of the year, after all, with ACH gaining traction as the go-to ePayments rail for corporate payers.
Though 2020 was full of volatility, the B2B FinTech landscape persevered with venture capitalists and other investors for a lucrative year. Highlighting the increasing interest in this startup space is this week's B2B venture capital roundup, which recaps the final two weeks of 2020 in B2B FinTech investments. Deliveristo.
Today in B2B, Starling Bank seeks new funding as the challenger bank is said to be considering an IPO. Plus, Lloyds Bank partners with a FinTech to streamline supply chain finance, Expensemanager collaborates to automate expensemanagement and Xendoo pairs up on accounts receivable optimization.
B2B startups saw a little bit of everything this week when it came to venture capital. And that goes for the industries covered, too, with treasury management’s Kyriba, blockchain’s BlockApps and enterprise security’s Druva landing on the board, to name a few. ExpenseManagement. Blockchain. OpenSesame.
Corporate travel booking firm Deem is closing down its expensemanagement platform. Reports in Business Travel News on Thursday (June 6) said Deem plans to close Deem Expense in 18 months, and will transition its current users to the Certify platform. Certify is part of Deep’s Open Expense Alliance, reports noted.
Australian cloud expense and software provider expensemanager has partnered with Sage Intacct to offer cloud expertise and invoice management on the latter company's Intacct Marketplace, a press release says.
Small business accounting solution provider ScaleFactor is expanding its product suite to include a commercial card product to support expensemanagement. 15) said ScaleFactor is launching a ScaleFactor Visa Card, a commercial card designed for small businesses to manage spend and customize their expensemanagement workflow.
based Metro Bank has begun piloting a new corporate expensemanagement solution in partnership with Canadian FinTech Sensibill , a press release said Wednesday (Dec. The new service provides automated data capture on receipts for professionals traveling and making purchases on behalf of their companies.
With $521 million raised this week among B2B FinTech startups, the industry continues to prove its appeal among venture capitalists. Ramp offers businesses a corporate credit card product linked to cash-back rewards and expensemanagement technology designed to help businesses spend less. MaxWholesale.
When it comes to B2B payments, plenty of pain points also mean plenty of opportunity for solution providers, although no single payment technology could possible combat every B2B payment challenge today. based B2B payment solution provider that expanded into North America this year with its prepaid commercial card tools.
In B2B payments and corporate finance, it wasn’t only bank-FinTech collaboration that made headlines in 2018. Here are some of the biggest stories of B2B payments collaboration from 2018. Last June, the company announced a partnership with B2B eCommerce platform Handshake to further that initiative.
Investors continue to fuel the growth of the B2B technology startup community with another busy week in funding. In total, investors placed nearly $600 million for firms in the B2B payments, T&E, financial management and other B2B spaces. B2B payments FinTech Qolo has announced a $3.8 Reports said the U.K.
Cloud software company Blackbaud is rolling out purchasing cards and expensemanagement services for its corporate customers, the company said Tuesday (Feb. Blackbaud Purchase Cards are designed for “social good organizations” to digitize their accounts payable processes and enhance spend management for employees.
B2B trade and spend management firm Tradeshift is not only expanding its operations in Australia, but it’s setting up new offices there. The tool uses artificial intelligence to aid professionals in their trade and expensemanagement needs. The company announced Friday (Oct.
Today in B2B, trade finance technology provider Surecomp announces its newest marketplace partner, and Serko expands its expensemanagement offering into North America. Serko Rolls Out ExpenseManagement Tool In North America. PROS To Work On B2B eCommerce Operation Launches.
One exception may be in the T&E space, in which FinTechs are introducing ways for employees to make B2B payments and integrate transaction data into expensemanagement systems, a reflection of the mobile nature of the traveling employee. The enterprise has been a bit skeptical about mobile payments.
Concerns over an economic downturn haven’t seemed to dissuade venture capitalists from backing B2B FinTech firms, with this week’s roundup including players in the small business (SMB) banking, corporate travel, expensemanagement, alternative finance and data integration spaces. 2nd Address.
Corporate expensemanagement solution provider Divvy is expanding its product offering with the introduction of Bill Pay, announced Thursday (Sept. Bill Pay, paired with the rest of the Divvy platform, offers financial leaders a single source for all their spend and expensemanagement needs.”.
Silicon Valley FinTech startup Digits announced a $22 million Series B funding round led by GV — formerly known as Google Ventures — to launch its new expense monitoring dashboard, according to a company blog post. Its new web application for expense monitoring is available at no charge to small businesses.
In total, B2B venture capitalists placed (or announced plans to place) $85 million in funding to businesses, with startups in the U.S., It was a mixed bag of funding, with a few startups working in more traditional B2B technology, including expensemanagement and SaaS. ExpenseManagement.
To help bolster B2B payments in the travel vertical, the baVel electronic transaction platform of Voxel has been integrated into Juniper, TravelDailyNews reported. Customers of Juniper will gain entry into the ecosystem of baVel, which connects with over 12 electronic payment service providers as of now.
million was placed with B2B FinTechs this week. landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. Investors include the nation’s largest B2B eCommerce platform IndiaMart, while India Quotient and Axilor also participated.
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