PYMNTS

SEPTEMBER 1, 2017

This week’s B2B venture capital activity led to an impressive $141.2 million in total funding across nine rounds, with startups ranging from corporate travel and expense (T&E) management and small- and mid-sized business (SMB) accounting to artificial intelligence and beyond. Travel and Expense Management.

B2B 54

B2B Expense Management Travel Expense Management small business accounting 54

PYMNTS

FEBRUARY 24, 2017

B2B FinTech startups came close to hitting the $100 million investment mark this week, with funding rounds in the U.S., B2B eCommerce. B2B FinServ. Travel Expense Management. India, Australia, Germany, Sweden and the U.K. Alt-Lending. Industrybuying. The startup, based in the U.S., Soundtrack Your Brand.

B2B 43

B2B Travel Expense Management accounting and finance Finance 43

PYMNTS

MARCH 23, 2017

Bank has lent support for mobile B2B payments. Jones said he envisions platforms like Apple Pay as having potential to take off in other areas of B2B payments, like procurement. “As The bank announced earlier this week that some of its commercial cards are now compatible with Apple Pay, Android Pay and Samsung Pay.

B2B 51

B2B Technology Start-ups Travel Expense Management 51

PYMNTS

JANUARY 2, 2019

Some financial institutions, including Bank of America and UMB Bank, have also invested in mobile B2B payments. But so far, mobile B2B payments have been slow to take off. UMB Financial Corporation also spoke with PYMNTS last year about its strategic focus on mobile.

B2B 84

B2B Travel Expense Management Expense Management 84

PYMNTS

FEBRUARY 21, 2019

SalesTrip , a new corporate travel expense management firm, is launching its product this week in the U.K. The company has integrated a travel booking and spend management solution that it says is the first to operate on Salesforce , reports in Realwire said on Wednesday (Feb.

Travel Expense Management 59

Travel Expense Management Spend Management Solutions Expense Management Spend Management 59

PYMNTS

MARCH 10, 2020

In B2B FinTech, spend management is a greenfield opportunity as innovators explore how to help corporates understand the nuances of how money flows out of the enterprise. A business may have one platform for their corporate card, another for AP, and another for employee travel expense management.

Spend Management 58

Spend Management Travel Expense Management general ledger accounts payable 58

PYMNTS

SEPTEMBER 28, 2016

Earlier this year, WEX announced that it would shutter it consumer-facing travel card solution in an effort to focus on the corporate travel payment market. Virtual cards are widely considered to be a more secure payment method for B2B payments.

Expense Management 64

Expense Management Technology B2B Travel Expense Management 64

PYMNTS

JUNE 4, 2020

With a cautiously optimistic outlook, corporate travel technology firms continue to press forward to introduce new tools for businesses in preparation for returning T&E spend. For CWT, that means a recently-announced partnership with corporate travel expense management FinTech SAP Concur.

Travel Expense Management 55

Travel Expense Management Expense Management Technology B2B 55

PYMNTS

SEPTEMBER 16, 2019

The announcement of Mastercard Track expanding into B2B payments last week represented a significant push for B2B payments modernization by one of the industry’s giants — and followed Visa’s own push in the B2B payments modernization space through the rollout of Visa B2B Connect in June. announced last month.

B2B 54

B2B payroll Technology accounting and finance 54

PYMNTS

JANUARY 15, 2020

“Concur TripLink with TripIt Pro is the preferred solution for customers who aren’t a fit for Concur Travel, an online booking tool.” ” Separate reports in Skift on the same day said that SAP Concur rebuffed a buy-back offer from Hipmunk’s founders, Adam Goldstein and Steve Huffman.

Travel Expense Management 52

Travel Expense Management Expense Management Spend Management B2B 52

PYMNTS

JANUARY 16, 2020

Six corporate travel expense management and accounts payable (AP) solution providers are combining into a single company to form Emburse , according to a press release Thursday (Jan. Abacus, Captio, Certify, Chrome River, Nexonia and Tallie are merging together to integrate each other’s T&E and AP solutions.

AP Automation 40

AP Automation Travel Expense Management accounts payable Technology 40

PYMNTS

APRIL 11, 2016

Group is now entering into the space of protecting corporates and their business travelers. The company announced on Friday (April 8) that it is introducing Business Solutions, a unit of the firm that acts as a B2B online platform to help business travelers recover funds by automating the refund claims process.

B2B 52

B2B Legal Travel Expense Management Expense Management 52

PYMNTS

OCTOBER 10, 2016

There are a few B2B FinTech firms looking to float in the coming weeks, but Coupa beat them to the punch with its debut late last week. Reports on Thursday (Oct. 6) said the company, which priced its shares at $18, saw its value spike in the first day of trading. Its market cap was placed at $1.66 billion, reports said.

B2B 63

B2B Spend Management Travel Expense Management Sales 63

PYMNTS

MARCH 6, 2018

“Together with Happay, our aim is to completely reinvest the way Indian corporates manage their business payments.”. When we rolled out Happay’s B2B solution in 2015, our mission was to accelerate the pace of innovation and digitization in the B2B payment industry,” added Happay Co-Founder and CEO Anshul Rai.

Expense Management 49

Expense Management B2B Travel Expense Management 49

PYMNTS

AUGUST 29, 2017

India’s largest online travel company, MakeMyTrip, is entering the business-to-business (B2B) space with the launch of a new solution for corporate travel. Reports also noted India has responded to rising demand among small businesses for business travel solutions. Reports released Monday (Aug.

B2B 43

B2B Expense Management Tax Travel Expense Management 43

PYMNTS

JULY 11, 2017

FlitWays, a B2B company that helps businesses book ground travel and streamline expense management processes, has enhanced its services and added new features, the company said Monday (July 10). The corporate travel industry has garnered much attention from FinTechs in recent years, both by B2C and B2B companies.

Expense Management 40

Expense Management B2C B2B Transportation 40

PYMNTS

SEPTEMBER 26, 2016

of business travel agents said their clients aren’t using Airbnb and similar alternative accommodation services, despite Airbnb recently launching its B2B solutions, as well as reporting a steady increase in corporate use of the on-demand tool. SMEs are on board with the tactic to boost national economic health overall.

Transportation 59

Transportation B2B Travel Expense Management Expense Management 59

PYMNTS

FEBRUARY 23, 2018

FlitWays Technology , a company enabling ground transportation booking, is expanding its B2B offering across Europe. 22) said FlitWays is launching its business travel booking tool in London, Milan, Berlin, Paris and Barcelona to address businesses’ ground transportation management and expense management needs in these markets.

Transportation 40

Transportation Expense Management B2B Sales 40

PYMNTS

MAY 18, 2016

In addition, the companies said they will host a joint educational session later this month, where finance executives and corporate travel managers can learn about the potential for virtual cards to help safeguard corporate spend. The virtual card has recently gained traction in the corporate travel spend arena.

accounts payable 40

accounts payable B2B Spend Management accounting and finance 40

PYMNTS

JUNE 24, 2016

What Tradeshift came up with may surprise the B2B services market. Yesterday (June 23), the company released Tradeshift Go , a virtual assistant that helps business travelers book travel plans, make payments, manage expenses and more. Perhaps B2B FinTech isn’t so behind-the-times as its reputation suggests.

Expense Management 41

Expense Management B2B B2C Technology 41

PYMNTS

JANUARY 21, 2020

That’s when six corporate travel expense management and accounts payable (AP) solution providers announced they would join forces and combine into a single company called Emburse , according to a press release. Bigger Trends. Another example of striving toward that ideal came earlier this January.

E-commerce 40

E-commerce accounts payable AP Automation Travel Expense Management 40

PYMNTS

SEPTEMBER 8, 2016

Virtual cards have a reputation as a paperless alternative to other payment rails and as an especially secure and efficient way to make B2B payments in particular. But a new feature from virtual card firm Conferma is looking to heighten virtual card adoption in B2B transactions and do so without the fax machine.

B2B 40

B2B Travel Expense Management Expense Management 40

PYMNTS

APRIL 23, 2018

In 2016, Amex GBT became the first corporate travel management company to partner with Airbnb, another major step into the sharing economy for the business travel industry.

Expense Management 47

Expense Management Transportation B2B Travel Expense Management 47

PYMNTS

JUNE 22, 2018

Ride-hailing app Lyft is continuing to target its business travel users through enhancements of expense management support. The company announced on its blog this week that its B2B service, Lyft Business, will be upgraded with more efficient documentation of employee rides using the app.

Expense Management 43

Expense Management B2B Travel Expense Management 43

PYMNTS

JUNE 24, 2020

Nium, formerly known as InstaReM, is rolling out a new B2B solution designed to help small businesses access credit from their card products. Elsewhere, a cyberattack raises concerns about the vulnerability of employee data when commercial card information is compromised. Nium Uses Cards For Credit.

accounts payable 52

accounts payable Expense Management accounting and finance B2B 52

PYMNTS

MAY 15, 2018

” Chrome River introduced enhanced mobile capabilities of its solution last year, launching B2B invoice payment capabilities through mobile devices for accounts payable professionals. India’s expense management market is ripe for disruption, according to Yashwanth Madhusudan, co-founder and CEO of India industry player Fyle.

Expense Management 46

Expense Management Spend Management Platform accounts payable Technology 46

PYMNTS

JANUARY 30, 2017

It’s not too often that the B2B FinTech space sees innovation targeted at commercial cards. But the area of employee spend management is in need of such improvement, says startup Spendesk , that the way businesses use commercial card technology is in need of a change.

Expense Management 52

Expense Management B2B Spend Management Finance 52

PYMNTS

JANUARY 6, 2021

With the pandemic dramatically, and potentially permanently, altering the way business is done, the future of corporate travel remains uncertain. Industry executives are torn on when and how business trip spending will return.

Expense Reimbursements 112

Expense Reimbursements Expense Management Technology Entertainment 112

PYMNTS

NOVEMBER 29, 2018

As Booking.com enhances its services for business travelers, home-sharing offerings are gaining traction with corporates. Last year, Airbnb introduced a business travel search function, as it has been enhancing its B2B services for corporate travelers as well.

B2B 43

B2B business accounting Travel Expense Management Expense Management 43

PYMNTS

SEPTEMBER 12, 2018

Troovo is a leading innovator in the travel technology space and partnering with them is a step forward in improving our service offering for our mutual and prospective customers.”. Robotics process automation is an increasingly disruptive force in B2B FinTech.

Technology 43

Technology B2B Spend Management Travel Expense Management 43

PYMNTS

MAY 12, 2016

In a separate statement, Sabre Senior Vice President of Traveler Experience Clinton Anderson pointed to the cost savings corporates can obtain by integrating their travel booking and expense management solutions. The integration will begin its rollout in the third quarter of this year, the firms said.

Expense Management 40

Expense Management Spend Management B2B Technology 40

PYMNTS

JULY 28, 2017

WEX is lending its B2B payments capabilities to the enterprise software services of Apptricity. An announcement by the companies Thursday (July 26) revealed news that Apptricity is integrating WEX’s corporate payment solutions into its own offering of automated supply chain, travel and expense (T&E) and spend management solutions. “We

Spend Management 40

Spend Management Spend Management Solutions accounts payable B2B 40

PYMNTS

NOVEMBER 30, 2018

The auto-expense feature means business travelers using Uber for Business can choose Happay as their expense management provider in the payment settings of the app once theyir company has created an Uber for Business Profile, reports noted.

Expense Management 40

Expense Management B2B Travel Expense Management 40

PYMNTS

JANUARY 10, 2018

The Excessive Attendee feature analyzes internal fraud and misuse of company money, including collusion among multiple employees to bypass T&E (travel and expense) policy. The B2B FinTech market has highlighted expense fraud several times in recent years, warning that the problem is not always due to malicious employee activity.

B2B 40

B2B audit Travel Expense Management Technology 40

PYMNTS

APRIL 4, 2016

68% of B2B buyers made their purchases online in 2014 , found Accenture Interactive in a newly released research report. Researchers also found that the number of B2B buyers that spent at least 90 percent of their budgets online has doubled between 2013 and 2014, from 9 percent to 18 percent. That’s up from 57 percent in 2013.

Expense Management 40

Expense Management B2B Finance payroll 40

PYMNTS

DECEMBER 12, 2017

Travel management companies (TMCs) can centrally settle their hotel bookings using Conferma’s virtual card technology, the firms explained. The v-cards are issued by a variety of partners on the Conferma network, including eNett, the B2B payments unit of Travelport.

Technology 40

Technology B2B Sales Travel Expense Management 40

PYMNTS

JUNE 19, 2018

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.

Expense Reimbursements 41

Expense Reimbursements Technology B2B Travel Expense Management 41