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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 spendmanagementsolutions can provide. Let’s have a look at why businesses are moving to adopt modern software solutions and where that value comes from. Time to value. Flexibility.
Payhawk, a global leader in spendmanagementsolutions, 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.
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 expense management 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.
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.
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.
IT spendmanagementsolutions provider vCom Solutions is upgrading its mobile app for iOS and Android devices, the company said this week. The app update follows recent enhancements to vCom’s desktop vManager software solution. .
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.
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.
Accordingly, spend & expense management is an area with significant growth potential for accounting firms — particularly those looking to jumpstart their CAS practice. Given the success of CAS for many accounting firms, card-based spend & expense management services can offer them the next frontier of growth.
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.
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 spendmanagementsolutions, and PROS expands its Adobe partnership to help B2B business customers launch eCommerce operations.
During its Spend Connect Live conference in Las Vegas on Oct. 15, SAP announced updates to its spendmanagementsolutions to help companies collaborate strategically, increase productivity, manage compliance, and gain business insights.
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.”.
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 eProcurement spendmanagement company JAGGAER plans to acquire BravoSolution , the companies announced this week. In a news release , JAGGAER said it would acquire BravoSolution from Italmobiliare in a deal that will make the company the “largest independent, vertically focused spendmanagementsolutions company in the world.”
The latest Workforce Spend Playbook showcases the shifting spendmanagementsolutions landscape and how improved services are affecting SMBs’ in-field expense management, back-office operations and bottom lines. SpendManagementSolutions Are on the Rise. billion by 2026.
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.
Enterprise spendmanagementsolution provider Coupa is expanding its offering with new features and a partnership with American Express, the companies said Wednesday (Nov.
The solution provides an interface for employees to view updated balances and find food vendors nearby, including office cafeterias as well as both physical and online food merchants, including major chains or independent sellers.
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.
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.
Soldo, a company offering corporate spendmanagementsolutions, has announced a Series B funding round, according to a Monday (July 8) report in Yahoo! Operating in the U.K., Ireland and Italy, Soldo said it secured the latest funding, to the tune of $61 million, from U.S.-based
Further, small businesses can obtain heightened visibility into transaction data for reconciliation, accounting and spendmanagement purposes. Amex is also offering SMB users access to additional commercial solutions, including SpendManager and Connect to Quickbooks features, as well as employee payment cards.
The firm said it will use the latest funding round to help fuel expansion of its travel and spendmanagementsolutions. According to CEO Joel Vicient, the company streamlines T&E into a paperless, streamlined solution, with automation helping to reduce the risk of fraud and errors.
This Deep Dive examines potential workforce spendmanagement use cases for companies and gig workers alike. Workforce spendmanagementsolutions could provide them a better option for taking on gig work-related debt, and help employers manage funds spent. Making Reimbursements Less Of A Production.
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.
The Playbook’s Deep Dive looks at how spendmanagementsolutions are enabling approximately 1.56 to track spending, pinpoint savings opportunities and follow important regulations. million nonprofits in the U.S. About The Playbook.
Why Deft SpendManagement Is Crucial To Successful Event Planning. Managing these expenses requires flexible and easy spendmanagement tools, as on-site event planners must be able to meet these needs and more without disrupting such events, according to Christine Altieri, founder of event management firm AE Events.
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.
Why use a spendmanagementsolution like Payhawk instead? Smart spendmanagementsolutions, like Payhawk, feature expense management software equipped with automated data entry and automatic receipt chasing. Book a demo today, and let’s talk about easy expense management.
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?
Regular reporting that is available from spendmanagement systems can help you stay on top of how well your vendors are serving your company’s objectives. Employ technology for vendor management. Software solutions for vendor management can be a great benefit to you as the customer and to your vendors.
While the case sheds light on the ongoing threat of the business email compromise and other invoice scams, it also revealed how even the largest, most tech-savvy companies of the world can fall far, far short on their spendmanagement processes. In the world of procurement spendmanagement, data is undoubtedly key.
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.
SalesTrip , a new corporate travel expense management 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.
Spendmanagement software company Coupa first grabbed headlines when it entered the Unicorn Club following its $80 million investment round last year. By targeting larger enterprises with its spendmanagementsolution, Coupa places itself squarely against top rivals like Salesforce and Oracle.
Accounts payable and spendmanagement FinTech Accrualify is introducing its own corporate card offering , the result of its participation in Visa’s FinTech Fast Track Program. BizPay allows businesses to make use of their existing commercial card credit lines to access capital for supplier payments and other necessary purchases.
Mastercard ‘s commercial card spendmanagementsolution In Control has been integrated into the accounts payable (AP) automation platform of MineralTree , the companies said in a press release on Thursday (Jan.
Airbase proudly partners with NetSuite to provide the deepest integration available from a spendmanagementsolution. That’s why we’ve created this guide to help you expertly navigate the experience — whether it’s your first time or tenth time. am to 2.30
startup that offers corporate spendmanagementsolutions in the U.K., Separate reports in TechCrunch said Soldo Founder and CEO Carlo Gualandri pointed to the importance of education of the opportunities in spendmanagement. Beating out the rest of the pack this week is Soldo , a U.K. Ireland and Italy. ”
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