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Airbase, a spendmanagement company looking to consolidate a range of expensemanagement processes for organizations, has announced new funding for its technology. In an interview with the publication, Founder and CEO Thejo Kote described the firm as “the first all-in-one spendmanagementsystem.”
Simon Barker , CEO of Conferma Pay, recently spoke with PYMNTS about the outdated nature of many spendmanagementsystems. As those systems were once centralized in physical buildings, the challenge in the pandemic era is adapting them to fit the new digital work-from-home mode.
When it comes to solutions, the latest Workforce Spend Playbook , a collaboration between PYMNTS and Bento for Business , is a compilation of the best spendmanagement approaches currently available. PYMNTS research found that 42 percent of B2B payments were made via paper check in 2019, for example.
Such systems may have gained popularity during the pandemic, yet according to Maria Parpou , Barclaycard ’s chief product officer, these innovations are poised to outlast the public health crisis that made them necessary. Parpou said she believes that digital spendmanagement tools have the potential to become long-lasting.
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