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The vast majority also said that small business (SMB) owners that mix personal and business-related expenses are making it much more difficult for their accountants to manage the books. Today’s expensemanagement space offers small businesses a flurry of options that they can integrate into their existing operations.
Also focusing its corporate card offering on expensemanagement is Payhawk , which has announced a partnership with Wirecard to roll out commercial card products, PYMNTS reported. The companies revealed that their collaboration supports expensemanagement and integrated budgeting and spend control.
Expensemanagement solutions provider Coupa is rolling out a suite of B2B payment solutions collectively known as Coupa Pay, and the firm is working with Barclaycard to boost adoption of electronic B2B payments. 7) said Coupa Pay is making its market debut with a range of both payment and business financing solutions. .
Corporate expensemanagement solution provider Coupa has updated its platform with new features targeting compliance and fraud prevention. These innovations deliver against our mission to continuously set the innovation agenda for our industry and make businessspendmanagement simpler, safer, and smarter for companies everywhere.”
Are you still getting value from the expensemanagement or bill payment software you purchased a few years ago? Is your original business case holding up in this new era of high interest rates and a competitive labor market? Do your users actually use the software? Do they find it intuitive, pleasant to use, and efficient?
Divvy, the spending and expensemanagement system, has been renamed as BILL Spend & Expense. Now, we are making it easier to access both AP and AR as well as spend and expensemanagement with a single brand and website,” the company said in a statement.
Given recent economic fluctuations, it’s understandable that many SMBs are looking for simple, efficient ways to better understand what is happening with their expenses. Cash flow is tight for many SMBs, and business owners need greater visibility into their cash flow to mitigate the impact of unexpected expenses.
This week’s look at the latest in commercial card innovation explores the latest technology offerings adding new incentives for businesses to make that switch, from cash-back rewards to streamlined employee expensemanagement and faster access to earned revenues. SumUp Wields Cards For Faster Revenue.
Separately, in an effort to stymie fraud, corporate expensemanagement solution provider Coupa has updated its platform. The FT had reported that Edo Kurniawan, who heads accounting operations in the Asia Pacific, had been accused of forging and backdating contracts. New features on offer are targeting compliance and fraud prevention.
Chief financial officers (CFOs) surveyed by The Economist Intelligence Unit revealed a lack of visibility into corporate spend in a new survey released on Monday (May 7). The results of this study are not surprising — visibility remains a huge challenge for CFOs in today’s dynamic and ever-evolving business environment,” he said.
The B2B Workforce Spend Playbook: A Guide To Modernizing Businesses’ Everday Spend , a PYMNTS and Conferma Pay collaboration, explores the ways in which the demand for businessspendmanagement tools are arising amid the transition to a remote workforce.
Dubbed the Founder’s Card, the Visa-OPEN small business card product is designed to support recurring payment needs for small businesses, with value-added features like expensemanagement and a rewards program. Amex Collaborates On Virtual Card Adoption.
Businessspendmanagement company Corcetric has revealed an $80 million capital raise led by private equity firm Bregal Sagemount, a press release said. Data is collected as a result of the FinTech’s direct integration into user bank accounts as well as their accounting, factoring, ERP and other back-office platforms.
Expensify has long been recognized as the preeminent corporate card program and expensemanagement app for SMBs,” says Zach Lezberg, CEO at Small Business Expo. Stay connected long after the event ends, transforming conference chatter into industry-centric communities.
Corporate spendmanagement platform Coupa is expanding availability of virtual commercial card payments as a result of a partnership with BNP Paribas , according to a press release from the financial institution. “Open finance will allow faster payroll, simpler expensemanagement and streamlined invoicing and budgeting.”
There may be no business like show business, Grant said, but there is also no business that has a bigger need to bring spendmanagement into the 21 st century for the local gig workers who support productions on the ground.
” The fundamentals of business is what we’re talking about here: Stretching across everything from external forces, such as competition, to internal workings spanning expensemanagement to communications to defining and spearheading strategy that can change with haste. Data Points #2 and #3: 60 percent and 30.2
businesses to connect their bank account data directly into Soldo’s businessspendmanagement platform. These integrations, Soldo VP of Small Business Europe Darren Upson said, “will give businesses and their accountants even greater control and visibility over every aspect of their finances.”
In a press release , Coupa announced the launch of Source Together, a solution allowing businesses to harness the power of group buying to obtain greater leverage to access discounts and savings.
EedenBull, which is based in Norway, Scotland and Singapore, launched its commercial card platform in May to support financial institutions’ management of their own business cards and integrated rewards programs. Capital on Tap wields the commercial card to connect small and medium-sized businesses (SMBs) to financing.
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