PYMNTS

AUGUST 20, 2018

Employees are naturally using the same technologies and payment tools while they travel for work as they do in their personal lives, and travel managers must keep that in mind when designing travel programs that meet both corporates’ and employees’ needs. ”

Technology 40

Technology Travel Expense Management Finance Expense Management 40

PYMNTS

DECEMBER 2, 2016

But the largest venture capital funding round went to an accounts payable automation firm in the U.S. Wholesalebox said it will use the funds to expand operations into new markets and scale its technology infrastructure. Travel Expense Management. with an $18 million investment. Baoku Online. B2B Payments.

B2B 53

B2B Accounts Payable Automation accounts payable Travel Expense Management 53

PYMNTS

JUNE 14, 2017

On average, a lack of auditing, and a lack of automation in the process, means businesses pay 14 percent more than their negotiated hotel rates. According to Neufang, hotel spend makes up about 27 percent of overall travel costs, so missing out on savings has a significant impact on bottom lines.

audit 43

audit Technology Travel Expense Management Expense Management 43

PYMNTS

JULY 18, 2016

Virtual cards are often discussed in the context of corporate travel, enabling travel managers and employers to have greater control over how much their employees spend and on what. One travel and expense management firm now wants to tap into the potential of virtual payments for its clients. ”

Technology 40

Technology Expense Management Travel Expense Management Account 40

PYMNTS

APRIL 12, 2018

The corporate travel and expense management space is a bit of a conundrum. A surge in FinTech innovation, new industry players and the embrace of cutting-edge technologies – like artificial intelligence and mobile payments – positions the T&E market as an example of how B2B payments can, in fact, be innovative.

Technology 40

Technology Expense Management B2B Travel Expense Management 40

PYMNTS

SEPTEMBER 18, 2018

A new generation of professionals have changed the way they travel for work and, as a result, how those employees want to book and pay for that travel. “Technology and demographic changes are transforming business travel. The Pew Research Center found millennials are already the largest generation group in the U.S.

Technology 55

Technology Expense Management Transportation accounting and finance 55

PYMNTS

MARCH 10, 2020

In B2B FinTech, spend management is a greenfield opportunity as innovators explore how to help corporates understand the nuances of how money flows out of the enterprise. As adoption of third-party financial software platforms grows, businesses are able to automate key aspects of their spend processes. The Data Friction of Silos.

Spend Management 58

Spend Management Travel Expense Management general ledger accounts payable 58

PYMNTS

SEPTEMBER 23, 2020

The virtual card can be a valuable payment solution for the enterprise thanks to the technology's security features and mobility. Yet this week's commercial card innovation tracker finds B2B financial service providers embracing the virtual card for a range of use cases, including fleet, corporate travel, and vendor payments.

B2B 87

B2B Hospitality Expense Management Technology 87

PYMNTS

AUGUST 13, 2018

WeChat , an online messaging service operated by Chinese technology conglomerate Tencent, is looking to enhance its ability to facilitate employee expense reimbursements, and reports said the firm is exploring blockchain as part of the effort. CoinDesk reported Friday (Aug.

Expense Management 41

Expense Management Expense Reimbursements Employee Expense Reimbursement Technology 41

PYMNTS

SEPTEMBER 28, 2016

Corporate payments firm WEX is pushing virtual card technology within Latin America and has announced a new partner to help the cause. The firm revealed this week that it is working with Argo , a corporate travel and expense management company operating in Brazil and Mexico, to offer a virtual card solution for corporate travel managers.

Expense Management 64

Expense Management Technology B2B Travel Expense Management 64

PYMNTS

OCTOBER 21, 2016

percent or more of the business ground travel transactions. Uber is especially popular in San Francisco, Atlanta and Boston, in which the ride-hailing app accounts for 73.7

Transportation 70

Transportation Expense Management Technology Travel Expense Management 70

PYMNTS

SEPTEMBER 26, 2016

The firm said it will use the latest funding round to help fuel expansion of its travel and spend management solutions. 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.

Expense Management 68

Expense Management Spend Management Solutions Spend Management Technology 68

PYMNTS

FEBRUARY 9, 2017

And while new technologies have overhauled the way businesses are able to manage expenses , there are some challenges that have remained over the years. According to Certify, there is a significant disparity across businesses in their use of manual or automated expense tools.

Expense Management 52

Expense Management Technology Travel Expense Management Account 52

PYMNTS

DECEMBER 28, 2020

Today in B2B payments, Unifiedpost reveals acquisitions to build out its B2B platform, while Tally Solutions launches eInvoicing technology in India. Plus, Navisteps raises funding for its T&E tech, Pepperl+Fuchs strengthens supply chain innovation, and a Brexit deal is reached, with questions still looming.

B2B 60

B2B Technology Construction Travel Expense Management 60

PYMNTS

FEBRUARY 16, 2017

. “Our Serko Online integration with Conferma will allows customers to use virtual card products from all the major card programs when booking travel on Serko Online, ensuring that Serko maintains its position as an innovative platform for travel management.”

Technology 40

Technology Expense Management Control Spend Travel Expense Management 40

PYMNTS

JUNE 16, 2020

In October, Expensify debuted the Expensify Card , which is integrated with its technology. Every transaction on the card is brought into the Expensify technology to automate the creation of receipts, expenditure reports and expense breakdown.

Expense Management 56

Expense Management Technology Transportation Travel Expense Management 56

PYMNTS

SEPTEMBER 12, 2018

Corporate payments solution provider WEX announced this week it is collaborating with Australia-based robotics process automation firm Troovo Technologies. Together, the companies said in a press release , they will integrate robotics process automation to generate virtual cards within the WEX platform for corporate spend management.

Technology 43

Technology B2B Spend Management Travel Expense Management 43

PYMNTS

JANUARY 21, 2020

As PYMNTS had previous covered, way back in 2017, cloud-based travel and expense report management solution Certify bought nuTravel in a deal designed to enable Certify to launch a new solution using nuTravel technology. That deal reflects larger and longstanding trends in travel in general, and T&E in particular.

E-commerce 40

E-commerce accounts payable AP Automation Travel Expense Management 40

PYMNTS

FEBRUARY 28, 2017

Enterprise software conglomerate SAP has launched a new initiative to promote IoT-connected cars, and its partnership with Hertz, Nokia and Concur Technologies will target corporate travelers. The companies said Monday (Feb.

Technology 44

Technology Travel Expense Management Expense Management B2B 44

PYMNTS

SEPTEMBER 16, 2019

The past week has seen several initiatives in both the private and public sector adding fuel to the corporate payments digitization flame, while the latest industry research has also offered promising stats on businesses’ path for electronic, automated financial processes. announced last month.

B2B 54

B2B payroll Technology accounting and finance 54

PYMNTS

JUNE 24, 2016

An announcement on Thursday (June 23) said TMF is rolling out InternationalXpense, a platform to automate employee expense claims across more than 80 countries. According to the company, the solution is geared for heightening compliance and boosting spend transparency by automating the validation process of employee transactions.

Expense Management 40

Expense Management Technology audit Finance 40

PYMNTS

MAY 15, 2018

Yatra Co-founder and Chief Executive Officer Dhruv Shringi said in a statement, “As we continue to grow in the corporate travel segment, we are teaming up with Chrome River to further drive efficiencies in travel bookings by automating the expense management process.

Expense Management 46

Expense Management Spend Management Platform accounts payable Technology 46

PYMNTS

DECEMBER 8, 2017

Talk is growing of the potential for virtual card technology to address several key points of friction in business payments, especially in corporate travel. based travel managers polled, only 16 percent are using virtual card numbers. But as the virtual card hype builds, some shortcomings have surfaced too.

Technology 43

Technology Expense Management Education Travel Expense Management 43

PYMNTS

JUNE 26, 2019

Through the takeover, the companies will connect joint clients to each other’s solutions, providing DER access to a global market and its clients to Amex GBT’s core technology. “GBT and DER are both people-driven organizations with a passion for providing the best technology and service to clients. .”

Expense Management 40

Expense Management Technology Travel Expense Management B2B 40

PYMNTS

MARCH 21, 2016

“Our customers are telling us that they are very excited to have this functionality in DATABASICS Expense,” the firm stated, adding that the solution uses optical character recognition technology to capture receipt data.

Expense Reimbursements 40

Expense Reimbursements Expense Management Technology Travel Expense Management 40

PYMNTS

DECEMBER 12, 2017

Travelport , which enables corporate travel agencies with point-of-sale (POS) technology, is repositioning itself in response to heightened awareness and adoption of virtual cards (v-cards) in the business travel space. The company announced news on Monday (Dec.

Technology 40

Technology B2B Sales Travel Expense Management 40

PYMNTS

JUNE 19, 2018

Their latest report, “ Five Business Travel Payment Trends ,” concludes that mobile and virtual payments continue to gain traction in the corporate travel market. ” Researchers found that most corporate travel buyers (56 percent) in the U.S. use a central travel account (CTA).

Expense Reimbursements 41

Expense Reimbursements Technology B2B Travel Expense Management 41

PYMNTS

JULY 17, 2017

Luckily, as more business travelers deploy technologies like mobile payments, mobile booking and virtual cards, there is more data at hand with which executives can analyze and understand where inefficiencies in business spend exist. Everyone in the world is doing more with less.

Technology 46

Technology Travel Expense Management Finance Expense Management 46

PYMNTS

JUNE 24, 2016

Tradeshift Senior Vice President and General Manager Sarika Garg certainly believes the answer is yes, because employees at these mid-market companies are ready to adopt these kinds of solutions. “Everybody knows chat. They don’t feel afraid to take something like this on.”

Expense Management 41

Expense Management B2B B2C Technology 41

PYMNTS

JUNE 2, 2017

India’s Tripeur, operated by Shorebird Technologies, raised new seed funding from Grace Grace Techno Ventures LLP, according to a recent announcement. According to Tripeur, it aims to help businesses and managers understand their corporate travel spend and how they can optimize it. Interestingly, though, the U.S.

B2B 41

B2B Travel Expense Management Expense Management Technology 41