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Payroll Cards Find Opportunity In Corporates’ Digitization Push

PYMNTS

This week’s commercial card innovation roundup includes initiatives in areas like employee expense and small business credit, but some of the biggest disruption emerges in the payroll card arena thanks to a recent court decision and companies’ accelerating abandonment of physical paychecks.

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BNP Paribas Boosts V-Card Adoption Within Coupa

PYMNTS

Corporate spend management platform Coupa is expanding availability of virtual commercial card payments as a result of a partnership with BNP Paribas , according to a press release from the financial institution. “Open finance will allow faster payroll, simpler expense management and streamlined invoicing and budgeting.”

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Commercial Cards Gear Up For Corporate Travel’s Return

PYMNTS

In another initiative focused on spend management, BNP Paribas announced that it is adding virtual commercial cards within the expense management platform Coupa , linking those cards to Coupa Pay, PYMNTS reported.

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Spend Management is the Next Focus for Client Accounting Services

CPA Practice

This lack of visibility can have a multitude of implications for accurate cash flow reporting, including an increased risk of not closing the books on time, to unexpected non-payroll spend. In fact, half of SMBs report that they struggle with inaccuracies in their current expense management solutions according to survey data.