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Navan, a major provider of travel and expensemanagement reporting, has launched the Navan Accountant Console, a centralized dashboard that streamlines spendmanagement for accounting firms supporting multiple clients, users, and products. This speeds up month-end close and ensures accurate, compliant financial records.
In a tumultuous economy, effective expensemanagement is more important than ever. To maintain financial stability and drive strategic growth, organizations must optimize spending and have accurate financial data to inform decisions. Table of contents What is expensemanagement? What is expensemanagement?
In a tumultuous economy, effective expensemanagement is more important than ever. To maintain financial stability and drive strategic growth, organizations must optimize spending and have accurate financial data to inform decisions. Table of contents What is expensemanagement? What is expensemanagement?
Are you still getting value from the expensemanagement or bill payment software you purchased a few years ago? 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.
Speaker: Spencer Falbo, Principal at Kong Basile Consulting
For a long time, the market has offered point solutions for accounts payable, such as bill payment, expensemanagement, travel software, and corporate cards. These instruments have aided in the automation of workflows for various aspects of non-payroll spending. The implications of spendmanagement for the future.
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?
Cloud enterprise resource planning (ERP) company Acumatica has rolled out its Acumatica Advanced ExpenseManagement and Electronic Bank Feeds for its Acumatica Cloud ERP solution, which will increase automation and electronic banking, according to a press release. Digital spendmanagement tools could offset some of the damage.
Global Commercial Cards tailors to the requirements of firms of all different sizes and speeds up the workflow of everyone who participates in the expensemanagement procedure, according to the announcement.
Spendmanagement was the focus of innovation in the commercial card space this week thanks to partnerships and investments in firms aiming to help companies keep track of expenses. Spendesk provides a spendmanagement offering that gives further visibility and digitization to finance workforces.
Nicki Bisgaard , CEO and founder of EedenBull, said in the report that the new partnership “underlines our progress in offering best-in-class payment and spendmanagement technology to the banking community globally.”. “We The platform can help SMBs prevent losses by making sure they use best practices.
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.
Businesses of all sizes are slowly phasing manual expense tools out of spendmanagement strategies. Employees now work on a global scale more than ever, and require expense products that can keep up with their expanded ranges of services. The L atest Workforce Spend News.
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.
Runzheimer International has decided to step away from the corporate expensemanagement industry. The company is reportedly exiting the space in favor of offering its clients’ expensemanagement solutions, integrated from partners like Concur Expense and Databasics.
PEX issues Visa -branded debit cards, paired with a spendmanagement app, to small businesses (SMBs) that need a solution for the part of workforce spend that is anything but predictable — related to specific tasks and, by its very nature, usually ad hoc.
These issues are pushing companies to explore solutions, like virtual cards and blockchain, to help fill the gaps that make the corporate spending process so slow. In the October Workforce SpendManagement Tracker , PYMNTS looks at the way companies are using new solutions and technologies to give money and time back to everyone.
India expensemanagement company Happay secured more funding after its Series B round, according to an unnamed source cited by VCCircle on Friday (Feb. The company also provides expense report generation tools, international travel cards and other card products based on spend category and scenario.
Airbase, a spendmanagement company looking to consolidate a range of expensemanagement processes for organizations, has announced new funding for its technology. In an interview with the publication, Founder and CEO Thejo Kote described the firm as “the first all-in-one spendmanagement system.”
For purposes of this analogy, the “basement” into which bad mice are creeping is most likely your legacy payroll/expensemanagement software and its possibly compromised connections. While technological advancements have revolutionized many aspects of operations, payroll and expensemanagement are not [among] them.
Distributed spendmanagement platform Teampay will be integrating with Ironclad , a digital contracting platform, to help connect financial and legal workflows and streamline spendmanagement, according to a Wednesday (Oct. 28) press release. Previously, the release notes, companies needed a contract to be signed.
Payments and cash flow can be the difference between life and death for small and medium-sized businesses (SMBs), This also applies to expense and spendmanagement, which have a massive impact on cash flow. Of course, challenges abound when it comes to deployment of such expense and spendmanagement systems.
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 business spendmanagement simpler, safer, and smarter for companies everywhere.”
Today in B2B, trade finance technology provider Surecomp announces its newest marketplace partner, and Serko expands its expensemanagement offering into North America. Plus, Suplari launches new corporate spendmanagement solutions, and PROS expands its Adobe partnership to help B2B business customers launch eCommerce operations.
Some firms have better adjusted to new digital tendencies than others, especially when it comes to keeping track of B2B payments and spendmanagement. Many of the tools that have traditionally been used to track payments and managespending have now fallen out of step with what businesses currently need in today’s digital environment.
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.
Airbase is the highest-ranked mid-market spendmanagement platform on G2 for the fourth quarter in a row! We hold the coveted top position on the Mid-Market Grid ® Report for SpendManagement, Spring 2023. It’s worth noting that Airbase earns the top spot on the Satisfaction axis in the overall SpendManagement grid.
In addition to employee expenses, another key challenge for companies is the money they spend, and sometimes waste, on subscription services. In the quest to grab greater control over and visibility into company spend, Alex Bean, co-founder and COO of expensemanagement company Divvy , said strategies must be proactive, not reactive.
Every particular concern must be deftly managed within budget, too, which can be tricky when unforeseen expenses arise. Having the right spendmanagement tools is not a luxury in event planning but rather an element critical to success. Expense solutions also need to be transparent about where money is headed and why.
As such, they can struggle to organize flight bookings, handle payments, manage trip expense records and more. The February Workforce SpendManagement Tracker , a collaboration with PEX , tracks how solution providers are seeking to bridge this gap to meet the business travel expensemanagement needs of SMBs and freelancers.
This week's Commercial Card Innovation Tracker finds Barclaycard and Visa among the latest to embrace v-cards to elevate employee spendmanagement and supplier payments. Barclaycard Debuts V-Card For ExpenseManagement. Dubbed Precisionpay Go, the new Visa-powered solution supports digital spendmanagement for U.K.
When it comes to solutions, the latest Workforce Spend Playbook , a collaboration between PYMNTS and Bento for Business , is a compilation of the best spendmanagement approaches currently available. Weddings and events are another sector experimenting with card-based spendmanagement efforts.
At least those flames are casting light on flawed, outdated (even paper-based) expensemanagement practices, as reported in the latest PYMNTS Workforce Spend Playbook. It’s not as if corporate travel managers don’t get it. Happiness Is SpendManagement. Paper Receipts?
Public school budgets are tight, and whenever public funding is involved, it’s not only important to tighten the grip on spend, but to build transparency of the taxpayer dollars being used. But the spendmanagement needs of the education system cannot entirely be met by a single solution that provides visibility into capital expenditure.
Parpou discussed in an interview with PYMNTS how the pandemic is creating unprecedented demand for digital improvements to legacy spendmanagement systems and how such advances could change what constitutes everyday business spend for good. Going Digital To Stay Remote. Adding Value To A Post-Pandemic Marketplace And Beyond.
Cloud software company Blackbaud is rolling out purchasing cards and expensemanagement services for its corporate customers, the company said Tuesday (Feb. Blackbaud Purchase Cards are designed for “social good organizations” to digitize their accounts payable processes and enhance spendmanagement for employees.
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.”.
Mooncard, a France-based FinTech that provides businesses with payments cards and expensemanagement solutions, has announced $5.7 Mooncard combines a physical card solution with a digital expensemanagement platform to streamline the spendmanagement process for businesses. In the U.S.,
A new corporate expensemanagement company, Sweep , officially launched Wednesday (July 24), targeting startups and small businesses with automated spend tracking. According to the company, those data protection regulations have changed the way businesses must process their company expenses.
The time and effort lost manually filling in information, sorting through receipts and documents to track down missing details and ensuring each claimed item falls within companies’ standards stresses workers as well as the expensemanagers who must check each field. There wasn’t good accountability.”.
That one-sided thinking may be coming to an end: The business expensemanagement software market is poised to be worth as much as $6.6 billion by 2025, as noted in a recent PYMNTS/Bento for Business collaboration, the Workforce Spend Playbook. The focus will continue to be on employee T&E and procurement expenses.
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.
Corporate expensemanagement solution provider Divvy is expanding its product offering with the introduction of Bill Pay, announced Thursday (Sept. Bill Pay, paired with the rest of the Divvy platform, offers financial leaders a single source for all their spend and expensemanagement needs.”.
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