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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.
Airbase is the highest-ranked mid-market spendmanagementplatform 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. The platform is intuitive, easy to use, and well designed.” How to read the G2 Grid.
Distributed spendmanagementplatform 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. Now, if a contract is needed, Ironclad's platform will handle it automatically.
Corporate expensemanagement solution provider Coupa has updated its platform with new features targeting compliance and fraud prevention. ” Coupa introduced Coupa Pay in November of last year alongside a partnership with Barclaycard to integrate virtual card functionality into the supplier payments platform.
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.
Alternative lending platforms integrating with providers of other financial services has become a new norm. Just look at SAP Ariba , which integrated PrimeRevenue’s supply chain financing into its spendmanagementplatform, or Reckon , a small business accounting platform that recently rolled out an SME lending feature thanks to Prospa.
There are many technologies that are gaining traction in this shifting environment, but virtual cards are emerging as uniquely poised to meet businesses’ need for flexible spendmanagement tools and employees’ demands for touchless payment options. About The Playbook.
While there may be a flurry of solutions for the enterprise to managespend across a variety of business operations — accounts payable, travel and expensemanagement or procurement — rarely do these solutions meet the spendmanagement needs for all three areas.
The big action in corporate spendmanagement is travel and entertainment (T&E), where the 800-pound gorilla has long been Software-as-a-Service (SaaS) goliath, SAP Concur. billion expensemanagement pie), a group of competitors has merged into a new company to challenge SAP’s category dominance. Follow the AI Money.
Spendesk provides physical and virtual card solutions for businesses to manageexpenses and control employee spend, and its latest funding comes as the company prepares to launch a mobile app that enables employees to take receipts of their purchases and automatically upload that data onto the spendmanagementplatform.
One team may be using Management Software A, while another team may be using Management Software B, despite both providing the same service like project or expensemanagement. Take, for example, a large company with multiple teams.
HR and payroll software solutions provider Paylocity has struck a deal to acquire spendmanagementplatform Airbase for $325 million, the companies said in a media release on Sept. Expensemanagement: Proactively request, approve, and reconcile expenses via web or mobile app with real-time reimbursements.
Corporate expensemanagement firm Chrome River is collaborating with India-based travel company Yatra , the companies announced on Monday (May 14). Rich added, “In addition to the need for increased control and visibility into spend, companies are looking for expense reporting solutions, which work across any mobile platform. .”
The new Workforce Spend Playbook highlights the lat est spendmanagement tools, expense cards and workforce management solutions that are helping SMBs and their field-based staff to maximize efficiency on the front-lines of service and on the back-end of accounting. Investment bank J.P. About the Playbook.
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.
The expensemanagement company already powered Visa’s IntelliLink SpendManagementplatform, but the takeover signaled Visa’s investment in not just promoting commercial card adoption, but integrating new functionality to streamline payments and add new features for its corporate customers.
The company announced in February that it would acquire the expensemanagement Software-as-a-Service (SaaS) firm that already underpins Visa’s IntelliLink SpendManagementplatform, designed for commercial and small business (SMB) customers.
Corporate spendmanagementplatform 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.”
In its latest move, Visa announced a deal to acquire Fraedom , a longtime partner that provides expensemanagement technology to FIs and direct to businesses. “They’ve been great in reporting and spendmanagement, and in moving their solutions into digital,” Phalen said.
This does not do expensesmanagement as with other bill pay solutions Melio Melio is a bill payment platform that integrates with QuickBooks Online. Advantages if Corpay One All in in one SpendManagementPlatform. Cashback - 1% on >50K spend - 1.5 <50K over allotted 5/40/Unlimited $0 $0.35 $0.49
businesses to connect their bank account data directly into Soldo’s business spendmanagementplatform. 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. ” VoPay Embraces Open Banking In Canada.
February’s announcement that Visa would acquire long-time expensemanagement partner Fraedom was the latest in a string of B2B payments initiatives for the credit card company. Visa Buys Fraedom.
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