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 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

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

JUNE 24, 2020

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. Elsewhere, a cyberattack raises concerns about the vulnerability of employee data when commercial card information is compromised.

accounts payable 52

accounts payable Expense Management accounting and finance B2B 52

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

AUGUST 29, 2017

India’s largest online travel company, MakeMyTrip, is entering the business-to-business (B2B) space with the launch of a new solution for corporate travel. Reports also noted India has responded to rising demand among small businesses for business travel solutions. Reports released Monday (Aug.

B2B 43

B2B Expense Management Tax Travel Expense Management 43

PYMNTS

SEPTEMBER 16, 2019

The announcement of Mastercard Track expanding into B2B payments last week represented a significant push for B2B payments modernization by one of the industry’s giants — and followed Visa’s own push in the B2B payments modernization space through the rollout of Visa B2B Connect in June. announced last month.

B2B 54

B2B payroll Technology accounting and finance 54

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

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

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

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

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 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

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

MAY 18, 2016

The virtual card has recently gained traction in the corporate travel spend arena. Another B2B payments firm, WEX, recently released a whitepaper touting the v-card as not only a way to secure corporate spend on travel but for travel companies to safeguard their own payments with travel suppliers.

accounts payable 40

accounts payable B2B Spend Management accounting and finance 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 28, 2017

WEX is lending its B2B payments capabilities to the enterprise software services of Apptricity. An announcement by the companies Thursday (July 26) revealed news that Apptricity is integrating WEX’s corporate payment solutions into its own offering of automated supply chain, travel and expense (T&E) and spend management solutions. “We

Spend Management 40

Spend Management Spend Management Solutions accounts payable B2B 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

MARCH 1, 2018

But it can also mean booking rides a year in advance, “which is something businesses love in terms of planning, budgeting and expense management,” the CEO noted. The B2B ground transportation segment also has to cater to the differing corporate cultures around the world. Yes, that sometimes means a quick ride on the fly.

Expense Management 40

Expense Management Transportation Spend Management B2B 40

PYMNTS

JUNE 2, 2017

The latest analysis from Forbes confirms what the industry has felt in recent months: B2B FinTech investment is growing. 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

B2B 41

B2B Travel Expense Management Expense Management Technology 41

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

PYMNTS

OCTOBER 25, 2017

For the first time since Certify began tracking the data, Uber ’s popularity with business travelers has declined, accounting for a smaller portion of corporate traveler rides in Q3 compared to Q2. The latest data from Certify , released Tuesday (Oct.

Transportation 40

Transportation Entertainment Travel Expense Management Account 40

PYMNTS

SEPTEMBER 6, 2017

The issue, he recently explained to PYMNTS, is travelers spend corporate cash to book travel and then request reimbursements after-the-fact, meaning CFOs and accountants can’t retroactively push for employees to spend less.

Travel Expense Management 52

Travel Expense Management Expense Management Account accountant 52

PYMNTS

AUGUST 30, 2018

LateRooms.com Business recently struck a partnership with Diners Club to link SMB its hotel travel booking solution customers with virtual card capabilities.

Travel Expense Management 40

Travel Expense Management Technology Account accountant 40

PYMNTS

NOVEMBER 29, 2016

The corporate client is not having to replace the business travel account number if there is a fraudulent transaction.” . “We are providing full fraud protection,” he told the publication. “It is a card service that does not get compromised.

bookkeeping 48

bookkeeping Travel Expense Management Expense Management Account 48

PYMNTS

JANUARY 16, 2020

Six corporate travel expense management and accounts payable (AP) solution providers are combining into a single company to form Emburse , according to a press release Thursday (Jan. With significant scale and disruptive technology, we’re redefining how organizations view travel and expense management and AP automation.

AP Automation 40

AP Automation Travel Expense Management accounts payable Technology 40

PYMNTS

JULY 24, 2020

Venture capital is no guarantee in times of market volatility, but this week’s B2B venture capital breakdown finds several companies managing to secure millions for solutions that enable B2B eCommerce, financial management and alternative lending. The firm is based in Israel and the U.K.,

B2B 64

B2B accounting and finance Finance New York 64

PYMNTS

APRIL 15, 2016

“The interchange fee caps … apply to all transactions, except commercial card transactions where the funds that are used to settle with the issuer come directly from the business account,” the U.K. regulator declared.

business accounting 40

business accounting Travel Expense Management Expense Management Account 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

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 14, 2018

One of the hottest areas of B2B FinTech today is corporate travel and expense (T&E) management, with innovators looking to address the friction associated with expense reports and reimbursements. On average, a single expense claim is about $92. In its latest research , published Monday (Aug.

Expense Management 40

Expense Management accounting and finance B2B Finance 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

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