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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. Part of what business spendmanagement offers is a more holistic approach compared to siloed, legacy point solutions. Time to value. Flexibility.
Year-over-year consumer spending also rose, suggesting that people have, and trust that they will continue to have, disposable income. So, what’s a finance professional to do? Processes need to support quick pivots and adjustments, especially when it comes to managing company spending. Becoming recession-ready.
Payhawk, a global leader in spendmanagement solutions, today announced a new integration with Mastercard to offer businesses in the U.S. and Canadian businesses using eligible Mastercard corporate and business cards can gain real-time visibility and control over their spending directly within Payhawk’s platform.
The rapidly evolving spendmanagement market is once again experiencing a breakout moment. As the category leader and pioneer, Airbase is the first and only spendmanagement platform to now offer Guided Procurement — intake functionality for all purchasing. Guided Procurement as a game changer for modern spendmanagement.
From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic goals. 🔮 DISCOVER strategies to align spending with organizational strategy. 📈 LEVERAGE spend data to unlock new opportunities for growth.
By Mike Varney, Vice President, Finance and Operations at Extend. And today, I use my company’s own virtual credit card and spendmanagement app to help control spending and close the books faster. Prior to Extend, Mike held various finance and accounting roles at IAS, BSE Global, MLB Advanced Media, and Deloitte.
Theyre driving business strategy, innovation, and growth, and are at the forefront of the tech-revolution for finance. And, finance teams need to align to a more strategic vision to create value beyond the balance sheet. In fact, accounting and finance is predicted to be one of the top areas impacted by AI in 2025.
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.
Expense management has been an issue for American businesses, particularly as the pandemic crunched their finances this year. Digital spendmanagement tools could offset some of the damage.
Speaker: Spencer Falbo, Principal at Kong Basile Consulting
A SpendManagement Software that consolidates all expenditures onto a single platform and automates many of the workflows associated with spending company funds. In this webinar Spencer Falbo, principal at Kong Basile Consulting, will teach you: How to incorporate spendmanagement into your existing workflows.
Spendmanagement continues to evolve each year as new technologies reveal new possibilities. In 2024, SAP Concur executives have an eye on artificial intelligence (AI) and the innovations they’ll unlock for finance professionals. By SAP Concur.
Coupa has rolled out enhancements to its business spendmanagement (BSM) solution, the firm revealed this week. The enterprise spendmanagement company announced at its annual Inspire conference the addition of voice activation using Amazon Alexa to manage inventory, locate items, and reorder stock.
Permanent staff members would use personal funds to pay for travel expenses and office supplies during this time, collecting paper receipts to turn in to administrative or finance teams at the end of the month. Parpou said she believes that digital spendmanagement tools have the potential to become long-lasting.
Businesses of all sizes are slowly phasing manual expense tools out of spendmanagement strategies. Card network American Express is also searching for ways to entice SMBs to use its expense services, announcing a new corporate spendmanagement program for startups. About The Playbook.
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. Key Takeaways: 📢 Data Storytelling for Finance: Transforming complex financial reports into clear, actionable insights.
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. They have fewer financing resources than other businesses,” Pomeroy said. The problem is all to real for SMBs, he said.
Not only can it impact employees’ personal finances, but the speed of delivery as well. 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. What’s Happening In Workforce Spend. About The Tracker.
Airbase, a spendmanagement company looking to consolidate a range of expense management processes for organizations, has announced new funding for its technology. The financing reportedly closed at the end of last November but was not revealed until this week, when Airbase officially announced its product launch.
But there are other types of unwanted friction in finance. 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. Tax Time, and Time as a Commodity.
At least those flames are casting light on flawed, outdated (even paper-based) expense management practices, as reported in the latest PYMNTS Workforce Spend Playbook. In the age of platforms, more firms are consolidating expenses into dedicated solutions that address worker complaints and bring new transparency to spendmanagement.
Corporate spendmanagement company Center unveiled a Mastercard -powered Center® Corporate Credit Card and a QuickBooks Online Connector on Thursday (July 30). The Comdata, Inc.
Today in B2B, trade finance technology provider Surecomp announces its newest marketplace partner, and Serko expands its expense management 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.
An automated, consolidated spendmanagement platform helps treasury departments gain the visibility and control they need to build responsiveness for a turbulent economy. Let’s take a look at the interaction between the treasury function and spendmanagement. Financing: Financing must be closely monitored.
If you’re like most finance professionals right now, you’re keeping a close eye on spending. With so much uncertainty about the future, finance leaders are focusing on investments with rapid impact. Evaluating the time-to-value of a spendmanagement platform. ROI within six months. Ease of use and adoption.
Is your finance team getting the love and attention they deserve? Typically overworked and underappreciated, finance teams are a serious flight risk. Staffing problems in the finance department can impact an entire company. And yet, most finance teams still spend an inordinate amount of time on manual tasks.
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.”.
Navan, a major provider of travel and expense management reporting, has launched the Navan Accountant Console, a centralized dashboard that streamlines spendmanagement for accounting firms supporting multiple clients, users, and products. There are more than 86,000 CPA and accounting firms in the U.S.
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 expense management needs of SMBs and freelancers.
It’s a phrase that can cause several types of jobsite headaches — stepping away from a project to hit a hardware store with petty cash, for instance, or calling the boss to gain approval to go over a card spending limit. SpendManagement Change. SpendManagement Misconception. Time Is Money.
billion per year because of inefficient finance and administrative processes. 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.
Not only do multiple systems cost more, but the modern approach to spendmanagement does a better job. It’s designed to control spending and streamline the interrelated, and continuous workflows associated with the process from intake to the final booking. Build for scale to avoid the need for future action.
LeaseQuery , a provider of software built to empower accounting and finance teams by simplifying the complex, has acquired Stackshine, a SaaS spendmanagement platform designed to help companies track and optimize their software spend and usage.
LeaseQuery , a provider of software built to empower accounting and finance teams by simplifying the complex, has acquired Stackshine, a SaaS spendmanagement platform designed to help companies track and optimize their software spend and usage.
The latest Workforce Spend Playbook showcases the shifting spendmanagement solutions landscape and how improved services are affecting SMBs’ in-field expense management, back-office operations and bottom lines. SpendManagement Solutions Are on the Rise. A survey of U.S.
Some examples of these policies might include: Finance has clear expense policies in place, including what documentation is required and who needs to approve new purchases. It also places an undue burden on managers and the finance team when they are forced to “police” employees to make sure spend requests are compliant.
Enterprise spendmanagement solution provider Coupa is expanding its offering with new features and a partnership with American Express, the companies said Wednesday (Nov.
Software as a Service (SaaS) management firm Zylo has established a partnership with vCom Solutions, which works in IT spend and lifecycle management, the companies announced Monday (March 2), according to Yahoo Finance.
At the same time, these solutions are providing accounting departments with greater transparency into how funds are spent on field-based purchases, plus insights for future spending. With the availability of new spending tools and greater transparency, the nature of field-based work is shifting dramatically. About The Tracker.
However, finance teams are inevitably plagued by errors as data fails to flow accurately, completely, or from one system to another. An up-to-date and always-accurate GL is arguably the greatest feat of automated accounting and finance software. For our product, these are the accounting and operational workflows for company spend.
In one central platform, accountants can quickly onboard new clients, manage their cash and spend, and easily provision permissions across staff. “The Simplified client onboarding: Invite clients to Rho and track status with real-time updates for onboarding clients with minimal friction.
National Australia Bank (NAB) has chosen Eedenbull to integrate its payment and spendmanagement technology for SMB customers. NAB will add Eedenbull’s Q Business platform to its offering to help SMBs track and managespend, as well as to automate compliance controls. National Australia Bank Chooses Eedenbull.
Soldo, a company offering corporate spendmanagement solutions, 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.,
If any finance process is overdue for innovation, it’s procurement. Finance teams who must accurately record all transactions, 3. Let’s take a look at IDC’s research and what it means for finance teams. Even before COVID-19 led to a wholesale shift to remote work, business spending was becoming increasingly decentralized.
New tools that give visibility into subscription spending, like Airbase, help the finance department to be the unifying glue across the company. Finance can identify duplicate spend and opportunities for savings. In his work, Reuben finds the prime area in need of improvement is spendmanagement.
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