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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 spendmanagementsolutions can provide. Time to value.
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.
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.
Spendmanagementsolutions provider Ramp released a new solution in response to recent advances in AI image generation making it easy to create convincing fake receipts, a major fraud risk.
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.
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.
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 spendmanagementsolutions, 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.
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.
PEX, founded by Grant in 2006, offers software-as-a-service workforce tools designed for businesses not typically served by enterprise SaaS spendmanagementsolutions. 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.”.
The latest Workforce Spend Playbook showcases the shifting spendmanagementsolutions landscape and how improved services are affecting SMBs’ in-field expensemanagement, back-office operations and bottom lines. SpendManagementSolutions Are on the Rise. billion by 2026.
Modernizing corporate spend could be the solution to businesses' issues, PYMNTS reported , with digital spending the new way to help support a system based around working from home. Countless digital spendmanagementsolutions have entered the market to meet this growing demand," PYMNTS reported.
Corporate expensemanagement platform Captio announced a $1.12 The firm said it will use the latest funding round to help fuel expansion of its travel and spendmanagementsolutions. The firm said it will use the latest funding round to help fuel expansion of its travel and spendmanagementsolutions.
This could also result in delays for customers and negatively impact a company’s bottom line, which is why new expensemanagementsolutions 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
Soldo, a company offering corporate spendmanagementsolutions, has announced a Series B funding round, according to a Monday (July 8) report in Yahoo! “There are companies like Square , Adyen and Stripe who manage payments going into the company,” he said. Operating in the U.K.,
Too often, however, the reconciliation becomes an afterthought in the spendmanagement process, and can be even more difficult for a company’s accounting department to address if paper receipts get lost. The Latest Workforce SpendManagement News. Deep Dive: Teaching SpendManagement in Charter Schools.
Inadequate expensemanagement processes have businesses wasting time. SME SpendManagement Report 2018 ,” is the result of the corporate spendmanagementsolution provider’s examination into how businesses track and manage employee spend. The report, “ U.K.
Enterprise spendmanagementsolution provider Coupa is expanding its offering with new features and a partnership with American Express, the companies said Wednesday (Nov.
As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately. This demand is driving the global expensemanagement software market to reach $6.6 billion in value by 2025. Yordex , a U.K.-based
Certify/Chrome River, the resulting entity of the previous merger between Certify and Chrome River, is expanding its spendmanagement services portfolio with another takeover. The company connects business managers to heightened visibility into employee spend and greater control over corporate expenses.
The solution uses automated technology to categorize and codify relevant data from these documents in real time, thereby trimming the time employees and expensemanagers need to sort through them. Why Deft SpendManagement Is Crucial To Successful Event Planning. About The Playbook.
In most cases, finance teams will also need help to trace the expenses back to specific purchases or vendors, which is particularly difficult when employees submit multiple expense reports per month or pay period. Why use a spendmanagementsolution like Payhawk instead? Ready to hear more?
Manual expense reports remain plagued with pain points for the employees and employers who must file them. It is thus unsurprising that 95 percent of companies are looking to improve their spendmanagement software this year. The Latest Workforce Spend News. Developments in the expensemanagement world are heating up.
SalesTrip , a new corporate travel expensemanagement firm, is launching its product this week in the U.K. The company has integrated a travel booking and spendmanagementsolution that it says is the first to operate on Salesforce , reports in Realwire said on Wednesday (Feb.
The new Workforce Spend Playbook highlights the lat est spendmanagement tools, expense cards and workforce managementsolutions 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.
Though not the busiest week in B2B venture capital funding, investors presented a clear preference for corporate expensemanagement and B2B eCommerce, with additional funding going toward logistics and small business banking firms for a total of $203.5 startup that offers corporate spendmanagementsolutions in the U.K.,
The power of automation is changing the way we work, and expensemanagement is no exception. This story might sound familiar if you haven’t yet adopted a spendmanagementsolution that includes Visa corporate cards and expensemanagement software. But how can companies achieve this?
Introducing Payhawk, the leading spendmanagementsolution for scaling businesses. Payhawk is the leading spendmanagementsolution for domestic and international businesses throughout Europe, the US, and the UK. Learn more about them before meeting the team at Accountex… What do Payhawk do?
Corporate expensemanagement company Certify is stepping into the procure-to-pay arena with the launch of Certify Purchasing, announced Thursday (Jan. The solution, designed for finance professionals, enables automated procurement-related tasks, including requisitions and supplier payments.
Last week, the company announced its collaboration with SAP Concur to streamline invoice and expensemanagement, with an integration enabling employees to pay invoices through the SAP Concur platform using American Express commercial cards. Nium Broadens Card-Issuing Reach. Accrualify Taps Visa For Corporate Card Offering.
While fleets are essential, operating a network of vehicles can be messy for many SMBs, especially when it comes to reimbursing employees for on-the-job spending. Workforce and spendmanagement tools are being deployed to scrub the inefficiencies from SMBs’ reimbursement processes. About The Playbook.
Sales are falling as consumers curb their spending, resulting in cash flow crunches that are pressuring businesses to stick to their budgets and pursue innovations. Managing Cash Flows During the Crunch. Countless digital spendmanagementsolutions have entered the market to meet this growing demand.
But when an entity operates on public funds, the need for transparent, controlled spending becomes more critical. Public charter schools are often strapped for funding and resources, making spendmanagement paramount. This adds an entirely new layer of friction to the procure-to-pay process, said Rafanelli.
Corporate expensemanagement company Expensify is rolling out a commercial card product to augment its solution. Previously, the company also rolled out software to provide spendmanagementsolutions for self-employed and freelance professionals in support of cash flow management and tax filing.
The global smart fleet management industry was valued at $290.9 percent by 2025, presenting new opportunities for fleet management professionals. This growth is also creating new spendmanagement obstacles, however, and it is becoming challenging to keep operations running smoothly.
This week’s look at the latest in commercial card innovation explores the latest technology offerings adding new incentives for businesses to make that switch, from cash-back rewards to streamlined employee expensemanagement and faster access to earned revenues. SumUp Wields Cards For Faster Revenue.
Danish engineer and technology firm Danfoss recently launched its own initiative aimed at helping SMBs to address telecom-related expenses. The firm established the Telecoms Centre of Excellence (CoE) through a partnership with technology expensemanagement provider MDSL. About the Playbook.
In an effort to bolster its ability to provide real-time spendmanagement and analytics to business users, procurement solutions company Vroozi had added a new feature to its offerings. The firm announced Tuesday (July 18) that it had added an Expense module to its suite of services.
are in need of a better spendmanagementsolution,” said Soldo Founder and CEO Carlo Gualandri in a statement. Inefficient spendmanagement processes are a huge burden for business owners and employees alike, especially as the business begins to scale,” the executive continued.
“Managing travel and expense constitutes a huge spend for businesses of all sizes, whether domestic or international,” explained Strafford-Taylor, adding that FairFX works with corporations from FTSE 100-listed firms to independent traders. The Prepaid Plan. Industry Shakeup.
An announcement by the companies Thursday (July 26) revealed news that Apptricity is integrating WEX’s corporate payment solutions into its own offering of automated supply chain, travel and expense (T&E) and spendmanagementsolutions. “We
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