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Leading analyst IDC recognizes innovation in procurement solutions.

Airbase

An employee could buy a software product that creates security risks, for example, or a company could waste thousands in duplicate subscriptions. Despite the influx of spend management software products, all designed to make employee spending easier to manage, many of these gaps remained.

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Deep Dive: How Firms Can Avoid Costly Mistakes Come Tax Season

PYMNTS

Healthcare, retirement and Social Security contributions must be packaged with more common payroll information and securely distributed to each worker, then recorded once again in business filings. Automation could limit employee fraud, as the software will log and categorize employees with expense purchases.

Tax 56
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Fundbox, Tipalti Tip The B2B Payments VC Scales

PYMNTS

Teampay offers companies spend management software designed to manage procurement and employee spend with a focus on the employee user experience and company policy enforcement. Teampay plans to use the money to focus on product development and team growth within the U.S.,

B2B 59