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The economic slowdown and more restrictive access to new capital have made businesses more cost-conscious. You’re likely focused on getting maximum value for any expenditure — a higher ROI and greater impact — which is exactly what modern spendmanagement solutions can provide. Time to value. No-code configurations. Flexibility.
a maker of financial management apps and corporate spending cards, has launched unlimited virtual cards with the Expensify Visa Commercial Card. With this addition to the platform, Expensify empowers businesses to take control of their spending with unparalleled flexibility and precision. Expensify, Inc.,
The solution focuses on making it easier to “tag” an expense as a business-related one, a feature the executive said can have an array of benefits for professionals to gain a tighter grip on cash flow and spendmanagement.
Coupa has rolled out enhancements to its businessspendmanagement (BSM) solution, the firm revealed this week. The enterprise spendmanagement company announced at its annual Inspire conference the addition of voice activation using Amazon Alexa to manage inventory, locate items, and reorder stock.
Corporate expense management 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.”
Accordingly, spend & expense management is an area with significant growth potential for accounting firms — particularly those looking to jumpstart their CAS practice. Given the success of CAS for many accounting firms, card-based spend & expense management services can offer them the next frontier of growth.
“Does your business want to improve its spendmanagement?”. Few CFOs would say “no” if asked that question: Spendmanagement is attractive to companies for obvious reasons, as even successful companies face margin pressures. Found Money. The “Three As”.
PEX, founded by Grant in 2006, offers software-as-a-service workforce tools designed for businesses not typically served by enterprise SaaS spendmanagement solutions. And that’s the main theme of a discussion that Toffer Grant, CEO of PEX , recently had with Karen Webster as part of the PYMNTS “CEO Conversation Series.”.
Now, every transactional step in the businessspendmanagement process can be done smarter and simpler.". Coupa also worked on new risk management and businessspend tools through a cloud-based app, PYMNTS writes. "With Coupa Pay, Coupa and American Express are making it easier for our joint U.S.
Enterprise spendmanagement solution provider Coupa is expanding its offering with new features and a partnership with American Express, the companies said Wednesday (Nov.
Among the new products is Q Business, EedenBull’s spendmanagement platform that offers what it calls a sophisticated yet simple solution to digitize check and cash processing. The service, offered by a network of banks in the Nordics, has been adopted by more than 10,000 registered businesses, the FinTech company said.
Coupa Software , which works in businessspendmanagement, announced that it has acquired treasury management software BELLIN Group , according to a press release. And Coupa will boost those services through more access to spend transactions and a broader view of risks.
Coupa said it has agreed to spend $1.5 billion to acquire LLamasoft, whose artificial intelligence (AI)-powered software is used by companies to help manage their supply chains more efficiently.
. “Coupa Pay is a natural step in our journey to help companies spend smarter,” said Coupa Senior Vice President of Business Acceleration Ravi Thakur in a statement. “It inherently offers a twofold advantage.
Coupa , which works in businessspendmanagement, is rolling out new capabilities to help with businesses’ spend visibility while lowering risk, through a cloud-based platform, according to a press release.
Businessspendmanagement provider Corcentric has rebranded three companies it had previously acquired under its own moniker, including source-to-pay provider Determine , eBilling provider Netsend and Source One , which works in strategic sourcing, according to a Monday (Jan. 25) press release.
Many companies, including Visa in a collaboration with Conferma Pay, are thus adopting digital spending control systems to gain more insight into their employees’ everyday spending and more control over their spending limits. Barclaycard On Everyday SpendManagement And The Digital Shift.
At the broader level, commercial card innovators — both within the T&E arena and elsewhere — are pressing further into the spendmanagement space, heightening the ability for businesses to control and analyze expenses as more companies tighten their belts and focus on recovery. Expensify Links Cards To Booking.
Small and medium-sized businessspendmanagement firm Bento for Business is teaming up with Visa to enhance cash flow management for SMB customers. The integration provides real-time visibility into cash flow and control over spend before purchases are made, the companies said.
Corporate spendmanagement technology company Coupa has released its fourth quarter earnings performance and full year for FY2019, pointing to Q4 as “the strongest quarter yet in our company’s history,” according to Chief Executive Officer Rob Bernshteyn. Total revenues were pegged at $74.9
Businessspendmanagement (BSM) firm Coupa Software has acquired travel price optimization startup Yapta to help companies slash travel and expenses (T&E), Coupa announced on Tuesday (Jan. Seattle-based Yapta tracks prices for airlines and hotels in real time and alerts people instantly when prices drop.
Australian lender Westpac is partnering with businessspendmanagement (BSM) firm Coupa to help companies improve finance management on a cloud-based platform, Westpac said on Tuesday (Aug. The collaboration will deliver cost savings while automating inefficient tasks, facilitating risk reduction and improving compliance.
“It’s critical that CFOs adopt a cloud-based strategy for businessspendmanagement that enables them to have visibility and control over their spend to make more strategic and informed decisions about their business.”.
Its revenue got a boost due to new customers signing on for the company’s businessspendmanagement platform, including Affirmed Networks, Commonwealth Bank of Australia, Las Vegas Valley Water District, Lucid Software, Rakuten, Redfin, Sainsbury’s Supermarkets, The Nebu Group, Tullow Oil, Volkswagen Group Australia, and Wawa. “We
Separately, in an effort to stymie fraud, corporate expense management solution provider Coupa has updated its platform. New features on offer are targeting compliance and fraud prevention.
Corporate spendmanagement company Coupa reported better-than-expected third-quarter earnings on Tuesday (December 4), news that was met with a decline in share prices during after-hours trading, according to The Motley Fool reports. Coupa posted a 42 percent year-over-year increase in quarterly revenues, which hit $67.5
We’re already using Coupa Pay and, more broadly, Coupa BusinessSpendManagement for our core operations. A big part of our focus continues to be digitizing in areas where we have gaps. Now, we’re integrating the same for the back-office operations of some recent acquisitions.
The acquisition, completed in February 2022, followed the October 2021 purchase of iController and broadened the company’s European footprint, global presence and ability to expand its innovative Business Payments Network (BPN). Coupa Software, a leader in businessspendmanagement, joined BPN as a provider.
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 expense management and a rewards program. Amex Collaborates On Virtual Card Adoption.
This week’s examination of the latest tie-ups include a new partnership between Coupa and BNP Paribas, as well as a broader discussion of the impact of “open finance” on small businesses by Plaid. BNP Paribas, Coupa Pair On V-Cards. “It is exciting that this is now also possible using BNP Paribas virtual credit cards.”
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.
The changing nature and needs of financial professionals’ roles have been captured in a study by the firm, which surveyed hundreds of financial executives and their views of financial spendmanagement. From revenue, the typical push has been to examine the returns on employee assets and then businessspendmanagement.
Commercial cards account for only a portion of corporates’ overall spend, as checks stick around and ACH gains ground. However, their market share is on the rise as card issuers develop more robust rewards programs, and the ability to integrate card spend into back-office spendmanagement and analytics platforms.
Supply chain payments company Tradeshift has announced a partnership with Wax Digital, a FinTech offering businessesspendmanagement tools. A press release issued Thursday (Nov.
. “This enables [corporates] to uncover valuable spend data, simplify processes, and make smart decisions,” said SAP Concur India Managing Director Mankiran Chowhan in a statement. Center Expands Beyond Cards For T&E.
Developing these analytical models and algorithms is a tall order for even the largest businesses, so many are partnering with third parties to aid in this endeavor. Genpact partnered with businessspendmanagement developer Coupa to aid in its analytics implementation strategy. “As
businesses to connect their bank account data directly into Soldo’s businessspendmanagement platform. Another U.K. B2B FinTech, Soldo , announced a data integration with NatWest , allowing U.K. Soldo said it is partnering with NatWest’s Rapid Cash offering.
In a feature story, Rich Wessels, treasurer for transportation management and logistics firm Transplace , explains the “chicken-and-egg” dilemma that logistics companies encounter when considering the potential benefits of AP automation. How Spend Tools Feed Food Banks’ Need For Accountability (Bento for BusinessSpendManagement Playbook).
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