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Navan, a major provider of travel and expensemanagement reporting, has launched the Navan Accountant Console, a centralized dashboard that streamlines spend management for accounting firms supporting multiple clients, users, and products. This speeds up month-end close and ensures accurate, compliant financial records.
What if you could offload expense reporting — make the process faster, accurate, and compliant with your company’s policies without having to ask or look anything up? Creating that touchless user experience was our goal for Airbase’s ExpenseManagement module. Want to see our ExpenseManagement module in action?
ABUKAI, a provider of innovative expensemanagement solutions, has announced that its business application is now available for Apple Vision Pro devices. The ABUKAI application for the Apple Vision Pro allows users to add receipts and create expense reports directly from the Apple Vision Pro.
A new survey of business financial leaders shows that, while nearly half of respondents (46%) increased corporate card usage over the past year, only 2% have increased adoption of expensemanagement software, creating compliance and visibility challenges for employees and finance teams. Upwork reports that 32.6
Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities.
The company aims to provide both expense software and cards, instead of having companies use different teams for each one as has been done before. That tightens the loop between spend and expensemanagement, the release says, and can save customers around five days each month.
Corporate travel and expensemanagement solution provider Serko has launched its Zeno Expense tool in North America, giving customers a new option for B2B travel management, a press release on the company website stated, alongside the company's Zeno Travel tool that was already available.
At its third annual Illuminate conference , Tipalti , the leading global finance automation platform, today announced the general availability of Tipalti Expenses , a comprehensive solution for automating and managing employee spending and reimbursements globally.
As a result, finance leaders find their departments squarely in the spotlight—keeping a closer eye on their balance sheets, taking fewer risks, and focusing more on efficiency and value over growth. Despite these pressures, finance leaders looking to staff up are facing difficulties. Almost half anticipate hiring challenges or delays.
Center modernizes travel and expensemanagement with a card-powered solution that provides real-time visibility into all employee spending, including off-platform bookings. By automating policy enforcement and streamlining the expense process, Center enables finance teams to manageexpenses with ease.
The good news is that with the help of smart expensemanagement software , you can recover VAT on many of your company’s expenses. And because of this, many companies would rather write VAT off as an expense than allocate resources to recover their rightful funds. What is a VAT reclaim?
Likewise, larger enterprise businesses get nervous about too many T&E expenses as they can be difficult to track when multiple employees travel and often use bank-held company cards and separate expensemanagement software. What expenses are included in T&E?
Today in B2B payments, Barclays debuts a corporate trade finance platform, and Adobe introduces B2B data capabilities on its real-time Customer Data Platform. Plus, Zact introduces its expensemanagement solution, Monit adds new small business Banking-as-a-Service features and Plaid teams up with Jack Henry. 24) announcement.
SutiSoft , which provides cloud-based programs for business payments and finance operations, has rolled out its new SutiExpense 9.2 for expensemanagement, promising more efficient report approval and more options for businesses, according to a press release.
Uncover the latest trends in expensemanagement for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books.
It’s certainly the case for expensemanagement, said Karim Jouini, CEO of France-based Expensya. Indeed, one of the biggest mistakes a company can make in its expensemanagement strategy is “underestimating the importance of these three success factors in a process: data, data, data,” he said.
As a finance professional, your employees’ business travel often presents a complex challenge due to the numerous policies and industry standards governing a crucial aspect: travel expenses. Dealing with never-ending expense claims can prove to be a tedious and time-consuming task that uses up important resources.
Plus, Lloyds Bank partners with a FinTech to streamline supply chain finance, Expensemanager collaborates to automate expensemanagement and Xendoo pairs up on accounts receivable optimization. Expensemanager Teams With Sage Intacct to Automate ExpenseManagement. businesses and affiliates, a press release says.
based Metro Bank has begun piloting a new corporate expensemanagement solution in partnership with Canadian FinTech Sensibill , a press release said Wednesday (Dec. The new service provides automated data capture on receipts for professionals traveling and making purchases on behalf of their companies.
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For a long time, the market has offered point solutions for accounts payable, such as bill payment, expensemanagement, travel software, and corporate cards. In this webinar Spencer Falbo, principal at Kong Basile Consulting, will teach you: How to incorporate spend management into your existing workflows.
Small business accounting solution provider ScaleFactor is expanding its product suite to include a commercial card product to support expensemanagement. 15) said ScaleFactor is launching a ScaleFactor Visa Card, a commercial card designed for small businesses to manage spend and customize their expensemanagement workflow.
Digits for Expenses gives business owners the ability to see financial reports in real time and automatically analyze costs to evaluate activity, trends and anomalies. We are obsessed with the vision that business finance should be immediately accessible and intuitive,” Digits Co-Founders Jeff Seibert and Wayne Chang said in the blog post. “It
As businesses navigate the complexities of modern finance, the role of expense reports is an integral component essential to informed decision-making and sustainable growth. Let’s get started on improving your expense reporting processes! Steps to create effective business expense reports.
Technology has created new challenges for corporate financemanagers to handle employee spend, and unless they embrace the technology that can help them gain a better grasp of these challenges, CFOs risk missing out on growth opportunities, according to T&E firm Concur.
Manual expensemanagement tools had their time in the spotlight, largely because they were the only options available for employee reimbursements and cash flows. One such firm is management and distribution company Sysco , which distributes food and beverage products to restaurants, healthcare and educational facilities.
Luckily, the integration of travel booking software into expensemanagement software provides visibility and control without slowing down your road warriors. As anyone who’s taken a trip recently realizes, airfare and hotels are particularly expensive right now. Why is business travel lagging behind?
For the finance function specifically, there have been ongoing enhancements to automation capabilities for tasks such as invoicing and expensemanagement. Therefore, looking ahead to next year, finance teams will start to demand value from these emerging technologies and want to get more out of them.
Today in B2B payments, corporate acquirers get creative with technology in a pandemic world, while BBVA upgrades its expensemanagement offering. Plus, Sleek raises $4 million, JAGGAER upgrades its treasury management tool and AWS teams with Orange Business Services to accelerate corporates' digital cloud migrations.
This could also result in delays for customers and negatively impact a company’s bottom line, which is why new expensemanagement solutions are emerging at a rapid pace. Similarly, the SaaS-based expensemanagement market will register a CAGR of 8 percent between 2018 to 2025, with the global market size reaching $43.5
Investment and financial management apps showed stability through the middle of the COVID-19 pandemic, as the latest PYMNTS Provider Ranking of Personal Finance apps shows. Things get more lively outside the Top 5 Personal Finance apps in this week’s ranking. Expensemanagement app Expensify dropped one spot to land at No.
One of the fastest growing UK companies of 2024, cloud accounting software developer iplicit , announces its collaboration with Konnekt365 , a leading mobile app developer, to introduce a new student expenses solution for expense claims – ‘Student Expenses’. You can register for a free ticket here.
Sweep's new funding will go toward further developing existing tools and new features, which will help businesses manage their finances, according to the report. In addition, the company plans to announce a strategy this year for new features for its expensemanagement product as well as a launch of a travel management platform.
In total, investors placed nearly $600 million for firms in the B2B payments, T&E, financial management and other B2B spaces. But it was an embedded finance FinTech that took home more than half of the funding announced. Its micro-financing portal targets SMBs that cannot access capital via traditional means.
Inadequate expensemanagement processes have businesses wasting time. One common denominator across many of the points of friction, resulting from a lack of adequate expensemanagement procedures, is wasted time. “Time that could be eliminated with the adoption of technological solutions.”
Data and insights from CAS—such as accounts payable, spend and expensemanagement, and accounts receivable—are crucial for forecasting, identifying trends, and more. In addition, 61% of survey respondents offering CAS, accounts payable, and expensemanagement say they could not offer the services they currently do without automation.
Our new global integration will pull real-time spend data from Mastercard corporate card purchases to automatically populate expense reports in Concur Expense and alert users if additional information is needed.
David Peterson, CEO of small- and medium-sized business (SMB) expensemanagement company Penny, Inc. Peterson added that this initiative to integrate and consolidate services for small business finance will continue to drive Penny, Inc. But, he told PYMNTS, physical prepaid cards are also worth a look.
Just look at SAP Ariba , which integrated PrimeRevenue’s supply chain financing into its spend management platform, or Reckon , a small business accounting platform that recently rolled out an SME lending feature thanks to Prospa. Less common, however, is an SME financing solution that integrates into a commercial card offering.
This week, Barclays and Santander InnoVentures demonstrated traditional banks’ interest in alternative finance when they led a nearly $34 million equity fundraise for invoice financing platform MarketInvoice. In the employee expensemanagement field as well, France’s Mooncard revealed a $5.7
Finance teams are now playing an increasingly significant role in the strategy of a business – not just reporting the historic performance and position, but looking forward and forecasting, mapping, and planning the future – helping to mould and realise the business goals and objectives. Menzies LLP - A leading chartered accountancy firm.
Yet, just as SMBs can be too small to be considered corporate, high-net-worth individuals can have financial service needs that are too big to fit into the traditional consumer financial management range of products offered to the Average Joe. “Those things are happening — fraudsters are getting more savvy about that.”
Nearly half (45 percent) said the finance department expresses resistance against digital transformation, and 39 percent agree that the finance department relies too much on manual processes that hold it back from embracing digital transformation. The Worst Offender.
Manual allocation of shared expenses across different entities due to limited allocation functionalities within QuickBooks. The absence of an expensemanagement tool. Complex intercompany transactions that required time-consuming manual adjustments, affecting the accuracy of financial reporting.
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