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At least those flames are casting light on flawed, outdated (even paper-based) expense management practices, as reported in the latest PYMNTS Workforce Spend Playbook. In the age of platforms, more firms are consolidating expenses into dedicated solutions that address worker complaints and bring new transparency to spendmanagement.
A summer lull in B2B venture capital appears to have given way to an impressive start to the fall season. This week, two massive deals landed with B2B payments innovators at Fundbox and Tipalti, but they were far from the only players to have secured new funding.
Cloud-based spendmanagementsoftware company Coupa posted losses in its Q2 FY18 report on Wednesday (Sept. million, the spendmanagementsoftware company revealed. “Q2 In January, the company also announced plans to acquire Spend360, a data management firm specializing in corporate finance and procurement.
In B2B FinTech, spendmanagement is a greenfield opportunity as innovators explore how to help corporates understand the nuances of how money flows out of the enterprise. Historically, said Airbase CEO Thejo Kote, finance and accounting teams have been forced to work around the friction of a fragmented spend ecosystem.
Digital financial tools saw rapid increases in usage and functionality over the past decade, highlighted by the rising number of consumers who automate their daily bills through online services or track spending through mobile applications. That more-measured approach is not necessary, though.
Spendmanagementsoftware company Coupa first grabbed headlines when it entered the Unicorn Club following its $80 million investment round last year. By targeting larger enterprises with its spendmanagement solution, Coupa places itself squarely against top rivals like Salesforce and Oracle.
Corporate spendmanagementsoftware company Coupa has made its first takeover since going public last year. firm that provides digital data management solutions, including data analytics, using machine learning and artificial intelligence, for corporate finance and procurement teams. The company announced Tuesday (Jan.
But as procurement become automated and accelerated, industry experts at eProcurement and spendmanagementsoftware company eRequester say it must also be transparent.
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