This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
“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. The three As can improve ease of doing business with vendors and partners, he said.
At least, that’s what commercial card technology players believe, with this week’s rundown of the latest initiatives in corporate card solutions placing a focus on returning business trip volume. The companies revealed that their collaboration supports expense management and integrated budgeting and spend control.
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.
Supply chain payments company Tradeshift has announced a partnership with Wax Digital, a FinTech offering businessesspendmanagement tools. But our customers have been seeking to extend their collaboration with suppliers on upstream processes, such as sourcing and contract lifecycle management.
However, in this week’s Commercial Card Innovation roundup, it wasn’t the point of friction that technology firms were addressing. Visa and American Express (Amex) turned their attention to promoting virtual card adoption as a technology that enables greater visibility and security in B2B transactions. customers mid-2020.
“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.”. 1 threat to CFOs’ abilities to make a positive impact on their companies’ financial positions.
Nium bridges businesses with technology to streamline the way they send and receive payments, with a focus on small and medium-sized businesses able to offer their own remittance offering, InstaReM , via Nium’s remittance-as-a-service product. BRI Ventures also joined as a new investor, the company noted. Treasury Prime.
According to HSBC, the data could signal a decline in businesses’ use of “petty cash” as corporates make the shift to corporate cards. “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.
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. The silos can be how they make their decisions, or it can be about their technologies.”.
Wilczek told PYMNTS that a “competitive edge can come by cleaning up the house internally, and by that, I mean streamlining processes using best-in-class technology — and striking down silos within that company.”. Beyond the competitive edge, CFOs must contend with compliance and risk mitigation. “In
Boost Payment Solutions is partnering with BMO Harris Bank to support integrated commercial card processing for the bank’s business customers, the firms recently announced. As companies elevate their use of payroll cards, Galileo Financial Technologies is rolling out its own solution to facilitate employee compensation.
We organize all of the trending information in your field so you don't have to. Join 237,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content