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Commercial Cards Gear Up For Corporate Travel’s Return

PYMNTS

It may not look like it yet, but business travel is headed for a comeback. At least, that’s what commercial card technology players believe, with this week’s rundown of the latest initiatives in corporate card solutions placing a focus on returning business trip volume. Wirecard, Payhawk Eye SMB Expenses.

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Modern spend management software unlocks new value drivers.

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Are you still getting value from the expense management or bill payment software you purchased a few years ago? Is your original business case holding up in this new era of high interest rates and a competitive labor market? More businesses now realize the value of investing in technology during uncertain times.

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Card Incentives Jump On Businesses’ Shift Away From Cash

PYMNTS

According to HSBC, the data could signal a decline in businesses’ use of “petty cash” as corporates make the shift to corporate cards. HDFC Bank is collaborating with Mastercard and SAP Concur in India to roll out a new corporate card to streamline business spend and expense management.

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Top Issuers Embrace FinTech Collaboration For Biz Card Innovation

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However, in this week’s Commercial Card Innovation roundup, it wasn’t the point of friction that technology firms were addressing. Visa and American Express (Amex) turned their attention to promoting virtual card adoption as a technology that enables greater visibility and security in B2B transactions. customers mid-2020.

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Most CFOs Lack Full Visibility Into Company Spend, Coupa Finds

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Chief financial officers (CFOs) surveyed by The Economist Intelligence Unit revealed a lack of visibility into corporate spend in a new survey released on Monday (May 7). Automation and cloud computing were the top technologies these professionals said were important to their corporate finance strategy execution.

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Payroll Cards Find Opportunity In Corporates’ Digitization Push

PYMNTS

Boost Payment Solutions is partnering with BMO Harris Bank to support integrated commercial card processing for the bank’s business customers, the firms recently announced. As companies elevate their use of payroll cards, Galileo Financial Technologies is rolling out its own solution to facilitate employee compensation.

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Coupa: How CFOs Become Chief Business Drivers

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” The fundamentals of business is what we’re talking about here: Stretching across everything from external forces, such as competition, to internal workings spanning expense management to communications to defining and spearheading strategy that can change with haste. Tough barriers to break, maintained Ford.