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Accounts payable (AP) automation software firm Beanworks has rolled out a function for expensereimbursements to assist companies in automating how they get and handle staffer expenditures, according to an announcement. Supervisors can look over receipts and give the go-ahead for reimbursements from anywhere.
Microsoft is rolling out a new corporate expensemanagement solution designed for iOS devices, the company announced on Thursday (Oct. The enhancement supports employee expensereimbursements as well as micropayment disbursement and payment to employees for travel allowances to support mobile workforces, Microsoft said at the time.
The release says the expensemanager solution will help fill a hole in the market for a mid-market option to automate the expensereimbursement process as well as purchase orders and supplier invoice, receipt, approval and payment process.
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.
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.
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.
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.
WeChat , an online messaging service operated by Chinese technology conglomerate Tencent, is looking to enhance its ability to facilitate employee expensereimbursements, and reports said the firm is exploring blockchain as part of the effort. CoinDesk reported Friday (Aug.
According to Ken Tan , co-founder of Singapore-based small business travel and expensemanagement startup Navisteps , there is cause for optimism. On the other end of the spectrum, however, just under half of those surveyed said it is likely to be only two or three years until the industry recovers.
Expensemanagement and accounts payable (AP) automation solution provider Emburse is rolling out new card solutions designed to help organizations manage their travel spend. From a mobile app to beefed-up rewards, the latest solutions are embracing the shift of spend to the card. Emburse Debuts T&E Cards.
Huilianyi was started in 2016 and is a software-as-a-service (SaaS)-based system for travel expensereimbursement. A Zhonglin Capital official said, per the announcement, “In the connected era, we are optimistic that business travel and expensemanagement platforms have become standard applications for enterprises.”.
Uber has secured another deal to ease the expensemanagement process for its corporate users — but so has rival Lyft. Providing the ability for our riders to automatically submit their receipts for expensereimbursement is a logical step forward in making trips more seamless.”.
Instead, schools will deploy a mix of purchasing avenues, including procurement via purchase order, or post-purchase expensereimbursement to teachers. It’s a tactic that creates silos and can fail to provide the level of control and transparency administrators need.
Australia and the United Kingdom that expense fraud has significant financial impact, costing firms in the U.S. Chrome River also cited findings from the Association of Certified Fraud Examiners (ACFE) that expensereimbursement fraud makes up as much as 17 percent of business fraud in general. alone as much as $1.9
B2B payments may be slow to embrace disruption and innovation, but there is one category of corporate spend that may be ahead of the curve: business travel. Instead, 79 percent said they search through expensereimbursement reports to identify out-of-policy spend.
The solution supports employee expensereimbursements, micro-payment disbursements and employee travel allowances to support businesses’ mobile workforces , Microsoft added. “We Microsoft said in its announcement that adding payment functionality enables firstline and mobile employees “to participate and complete business workflows.”.
and Australia, and found that adding extra padding in each expense item is among the most popular ways employees commit fraud. The Association of Certified Fraud Examiners (ACFE) said that expensereimbursement fraud accounts for 17 percent of all business fraud in the U.S.
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