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Leading analyst IDC recognizes innovation in procurement solutions.

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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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Workforce Spend Sector Gets Busy

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The big action in corporate spend management is travel and entertainment (T&E), where the 800-pound gorilla has long been Software-as-a-Service (SaaS) goliath, SAP Concur. billion expense management pie), a group of competitors has merged into a new company to challenge SAP’s category dominance. Follow the AI Money.

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Fundbox, Tipalti Tip The B2B Payments VC Scales

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s Nationwide Building Society did not disclose how much it invested in BankiFi , but it did say that it’s support to the open banking FinTech comes as Nationwide plans to launch a business current account. Offering corporate users, CFOs, accountants and other finance professionals on demand, Paro, based in the U.S., Reports in L.A.

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