PYMNTS

FEBRUARY 25, 2019

The February Workforce Spend Management 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. The Latest Workforce Spend Management News. Business travel is a necessity across many industries.

Spend Management Solutions 49

Spend Management Solutions Spend Management Expense Management Travel Expense Management 49

PYMNTS

JANUARY 15, 2021

Despite a slowdown in corporate travel, expense management and travel booking technology provider SalesTrip still managed to impress investors, which pumped $1.4 But it was an embedded finance FinTech that took home more than half of the funding announced. PYMNTS rounds up all the latest deals below.

B2B 67

B2B Technology Finance Travel Expense Management 67

PYMNTS

JANUARY 6, 2021

According to Ken Tan , co-founder of Singapore-based small business travel and expense management startup Navisteps , there is cause for optimism. Another factor behind opening up the T&E technology space for SMBs is the function of the payment itself, and how solutions can capture expense data.

Expense Reimbursements 112

Expense Reimbursements Expense Management Technology Entertainment 112

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. Historically, said Airbase CEO Thejo Kote, finance and accounting teams have been forced to work around the friction of a fragmented spend ecosystem.

Spend Management 58

Spend Management general ledger Travel Expense Management accounts payable 58

PYMNTS

JANUARY 13, 2017

It marks the incubator’s quest for a second round of startups to support; its first round included Yoke Payments , which won the PYMNTS.com Best POS Innovation award last year, as well as Spend Secure LLC, which offers mobile payments, accounts payable and travel expense management solutions. “We

B2B 49

B2B Travel Expense Management accounts payable Expense Management 49

PYMNTS

JUNE 2, 2017

B2B payments “is such a big opportunity, and yet everybody is talking about digital wallets and retail payments,” said Bain Capital Ventures Managing Director Matt Harris in an interview with Forbes. “My Analysts estimate B2B payments account for about $250 billion worth of the $1.8 SME Accounting. Expensya announced $1.1

B2B 41

B2B Travel Expense Management Expense Management Technology 41

PYMNTS

SEPTEMBER 1, 2017

million in total funding across nine rounds, with startups ranging from corporate travel and expense (T&E) management and small- and mid-sized business (SMB) accounting to artificial intelligence and beyond. Travel and Expense Management. Small Business Accounting. TravelBank. FlowAccount.

B2B 54

B2B Expense Management Travel Expense Management small business accounting 54

PYMNTS

DECEMBER 2, 2016

But the largest venture capital funding round went to an accounts payable automation firm in the U.S. Travel Expense Management. Corporate travel and expense management startup Baoku Online, based in China, secured Series A funding , the firm said Monday (Nov. with an $18 million investment.

B2B 53

B2B Accounts Payable Automation accounts payable Travel Expense Management 53

PYMNTS

MAY 15, 2018

Corporate expense management firm Chrome River is collaborating with India-based travel company Yatra , the companies announced on Monday (May 14). India’s expense management market is ripe for disruption, according to Yashwanth Madhusudan, co-founder and CEO of India industry player Fyle.

Expense Management 46

Expense Management accounts payable Spend Management Platform Technology 46

PYMNTS

NOVEMBER 14, 2016

Airbnb revealed a new partnership with business travel management firm AirPlus International to develop a holistic business travel solution, including travel booking, payment, billing and expense management. The new solution will roll out next year, the companies said.

Expense Management 68

Expense Management corporate accounting Travel Expense Management Account 68

PYMNTS

AUGUST 30, 2018

A corporate travel and expense management solutions provider has struck a partnership with ERP software company VAI, according to an announcement on Wednesday (Aug. VAI will now link corporate customers to SAP Concur solutions, including Concur Expense, Concur Invoice and Concur Travel. million deal.

Expense Management 40

Expense Management accounts payable Travel Expense Management Account 40

PYMNTS

APRIL 11, 2018

Analyzing the dollars and cents associated with business trips is now a fundamental part of an organization’s travel and expense (T&E) strategy to ensure that it can squeeze every penny in added revenues and profits out of each trip. It’s not an easy feat, however. Accessing Data.

accounts payable 40

accounts payable Expense Management Travel Expense Management accounting and finance 40

PYMNTS

JANUARY 21, 2020

That’s when six corporate travel expense management and accounts payable (AP) solution providers announced they would join forces and combine into a single company called Emburse , according to a press release. We are so much stronger as one company,” said new Emburse CEO Eric Friedrichsen.

E-commerce 40

E-commerce accounts payable AP Automation Travel Expense Management 40

PYMNTS

SEPTEMBER 18, 2018

The changes that tech-savvy workers have imposed on their employers’ travel and expense (T&E) policies and strategies go beyond adoption of expense management FinTech solutions, too. “Technology and demographic changes are transforming business travel.

Technology 55

Technology Expense Management Transportation accounting and finance 55

PYMNTS

JUNE 24, 2020

With corporate travel still on pause, commercial card innovation has taken a different direction. This week’s look at the latest initiatives explores how FinTechs are wielding the corporate card in ways other than business trips, from accessing credit for accounts payable to financing employee lunches. Nium Uses Cards For Credit.

accounts payable 52

accounts payable Expense Management accounting and finance B2B 52

PYMNTS

DECEMBER 11, 2018

A new survey from AppZen finds employees in the professional services industry, including accountants, financial advisors and lawyers, more frequently have their submitted expense reports rejected, reports in CPA Practice Advisor said Monday (Dec.

Expense Management 56

Expense Management audit accounting and finance CPA 56

PYMNTS

APRIL 23, 2018

American Express’ corporate travel unit, Global Business Travel (GBT), is integrating Lyft as the latest ride-sharing service supported by the business travel booking and expense management solution.

Expense Management 47

Expense Management Transportation B2B Travel Expense Management 47

PYMNTS

OCTOBER 21, 2016

The ridesharing space continues to hit new milestones in the corporate travel space, with businesses choosing to spend their money on these services as opposed to traditional taxis. Similarly, car rental services saw a decline in their share of the business traveler market by 1 percent this quarter.

Transportation 70

Transportation Expense Management Technology Travel Expense Management 70

PYMNTS

AUGUST 16, 2016

As announced earlier this month, travel and expense management firm Concur has linked up with Didi Chuxing, the fabled Uber rival, to streamline expense management in the country. Didi Chuxing users connect to Concur accounts and can select rides.

Expense Management 40

Expense Management Transportation Government Tax 40

PYMNTS

FEBRUARY 24, 2017

The company, which offers both consumer and small business banking services, secured its banking license last year and is readying the rollout of its current account offering. Travel Expense Management. challenger bank Monzo, one of the nation’s few digital-only banks, raised nearly $25.5

B2B 43

B2B Travel Expense Management accounting and finance Finance 43

PYMNTS

AUGUST 30, 2018

To address the issue for companies booking accommodations, LateRooms.com Business recently announced a partnership with Diners Club , launching its Business Statement Account to consolidate businesses’ travel spend on a single virtual card program. Most of the surveyed business travel buyers in the U.S.

Expense Management 40

Expense Management Tax Travel Expense Management Account 40

PYMNTS

MARCH 14, 2016

The expansive travel and expense management industry is shrinking, thanks to an acquisition made by Nexonia of one of its main competitors. Over the years, it’s expanded into broader expense management solutions as business clients expressed a need to have Nexonia tools integrate into existing accounting and ERP systems.

NetSuite 40

NetSuite Expense Management accounts payable quickbooks 40

PYMNTS

DECEMBER 27, 2016

Corporate travel and expense management has made leaps in adopting new technologies in 2016. Uber, Lyft and Airbnb are all taking off in the space, suggesting corporate travelers and their managers are ready to adopt innovations that make their lives easier — both to travel and to manage corporate funds.

Technology 44

Technology Expense Management Entertainment Travel Expense Management 44

PYMNTS

AUGUST 14, 2018

13), Conferma estimated that employees spend more than $380 million of their own funds to finance their business trips, which they expense out later on. On average, a single expense claim is about $92. The research suggests that employers face more challenges than the expense management, reimbursement and reconciliation process.

Expense Management 40

Expense Management accounting and finance B2B Finance 40

PYMNTS

AUGUST 23, 2017

But, here’s a bit of good news coming out of travel and expense management company Concur: Businesses that have millennials in their workforces may actually save money — at least when it comes to business travel. Second, companies should “ensure policies are easy to find,” according to Macdonald.

Entertainment 44

Entertainment Expense Management Travel Expense Management Account 44

PYMNTS

AUGUST 29, 2017

Tax details can be passed automatically to suppliers like hoteliers, with taxes incorporated into eInvoices that are then uploaded and reconciled against corporates’ GST accounts. Reports also noted India has responded to rising demand among small businesses for business travel solutions.

B2B 43

B2B Expense Management Tax Travel Expense Management 43

PYMNTS

NOVEMBER 18, 2016

Both are slowly infiltrating the business traveler’s life, whether by businesses adding on-demand services, like Airbnb, to their list of approved travel vendors or by travel managers and accounting professionals making the switch to pay those vendors with a virtual card. Airbnb Demand Increases.

Expense Management 71

Expense Management Travel Expense Management Technology Spend Management 71

PYMNTS

JULY 17, 2018

In a press release , the companies said they are collaborating in Canada to link businesses with virtual card payment technologies for their corporate travel and expense management needs. Together, we’re solving this problem by capturing all the information companies need to reconcile — before the transactions occur.

accounts payable 40

accounts payable Expense Management Travel Expense Management Technology 40

PYMNTS

SEPTEMBER 12, 2017

According to McNeil, businesses must pay attention to this trend to make educated decisions on how to navigate this market.

Expense Management 40

Expense Management Education Travel Expense Management Account 40

PYMNTS

MARCH 25, 2016

“Managing travel and expense constitutes a huge spend for businesses of all sizes, whether domestic or international,” explained Strafford-Taylor, adding that FairFX works with corporations from FTSE 100-listed firms to independent traders. The Prepaid Plan. Industry Shakeup.

Expense Management 40

Expense Management Spend Management Solutions Spend Management Travel Expense Management 40

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

MAY 5, 2016

Between automated expense management tools and mobile-friendly T&E solutions , corporate trips and the reimbursement process that follows should be a breeze. Especially, said T&E firm KDS , because corporate travel is one of the largest areas of corporate expense today. Most notably, 32 percent of U.S.

Expense Management 40

Expense Management Transportation Travel Expense Management Account 40

PYMNTS

DECEMBER 8, 2017

That doesn’t mean business travelers and their travel managers are scoffing at virtual payments altogether: Most of those surveyed (81 percent) said they use virtual payments in the form of lodge or ghost cards. But as the virtual card hype builds, some shortcomings have surfaced too.

Technology 43

Technology Expense Management Education Travel Expense Management 43

PYMNTS

JULY 24, 2020

Highlighting the “clunky” and “difficult-to-use” nature of many enterprise software solutions, Jirav CEO and Co-founder Martin Zych said finance teams need modern, agile solutions to elevate their finance and accounting operations through business intelligence.

B2B 64

B2B accounting and finance Finance New York 64

PYMNTS

FEBRUARY 8, 2019

Food delivery firm Seamless emerged as the highest-rated brand for the year among business travelers, while Lyft and Uber Eats tied for second place. Lyft’s boost in Q4 also signaled its continued rivalry with Uber in the business travel market. Overall, Lyft accounted for 2.8 ”

Transportation 60

Transportation Travel Expense Management Account accountant 60

PYMNTS

SEPTEMBER 13, 2017

“The increasing incidence of non-compliance is the result of corporate travelers booking out of policy, where they extend business trips to include some leisure time at their own expense,” explained Jason Toothman, vice president of global accounts for Sabre travel network Asia Pacific.

Entertainment 63

Entertainment Travel Expense Management Technology Account 63

PYMNTS

SEPTEMBER 13, 2018

According to Bank of America, mobile wallets can enhance payment security by tokenizing account numbers, effectively using a physical commercial card to generate a virtual card for a particular purchase. “The result should be faster transactions and greater peace of the mind for the cardholder.”.

accounting and finance 56

accounting and finance Finance Travel Expense Management Account 56