PYMNTS

FEBRUARY 25, 2019

As such, they can struggle to organize flight bookings, handle payments, manage trip expense records and more. 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.

Spend Management Solutions 49

Spend Management Solutions Spend Management Expense Management Travel Expense Management 49

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

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. Small Business Accounting. This week’s B2B venture capital activity led to an impressive $141.2

B2B 54

B2B Expense Management Travel Expense Management small business accounting 54

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

JANUARY 6, 2021

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. There are several ways that T&E tools account for this.

Expense Reimbursements 112

Expense Reimbursements Expense Management Technology Entertainment 112

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

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

AUGUST 30, 2018

A cloud-based application will be integrated with VAI’s existing S2K Enterprise platform, which supports data integration and visibility into company expenses. SAP Concur’s solutions include accounts payable, expense management, invoice automation, travel booking, mileage tracking and other tools.

Expense Management 40

Expense Management accounts payable Travel Expense Management Account 40

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 16, 2019

46 percent of CFOs and accountants don’t track the cost of expense report processing , Certify found in its newest research , adding that the struggle to embrace technology remains a key barrier to effective travel and expense (T&E) management.

B2B 54

B2B payroll Technology accounting and finance 54

PYMNTS

SEPTEMBER 12, 2017

“Companies looking at sharing economy services in their travel policy should carefully weigh up the pros and cons with an expert from their travel management company to determine when and how these services might be appropriate and to create a solution for data capture to ensure the organization meets its duty of care obligations for employees who (..)

Expense Management 40

Expense Management Education Travel Expense Management Account 40

PYMNTS

APRIL 23, 2018

Later this year, the companies also said they plan to integrate Lyft into GBT’s risk management and travel disruption tool Expert Care. In 2016, Amex GBT became the first corporate travel management company to partner with Airbnb, another major step into the sharing economy for the business travel industry.

Expense Management 47

Expense Management Transportation B2B Travel Expense Management 47

PYMNTS

MAY 15, 2018

” Chrome River introduced enhanced mobile capabilities of its solution last year, launching B2B invoice payment capabilities through mobile devices for accounts payable professionals. 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

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

DECEMBER 27, 2016

The benefits of automation are undeniable, including the efficiencies that come from integrating accounting, human resources and other corporate systems. In 2017, we’ll see demand grow for automation technology that virtually eliminates the need for human intervention in processing expense reports and receipt data.

Technology 44

Technology Expense Management Entertainment Travel Expense Management 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

SEPTEMBER 18, 2018

Even if the T&E space has seen a recent influx of FinTech innovation, adoption is limited by businesses’ struggle to manage disruption to other systems linked to expense management, like accounting and event departments. Adding to the challenge is millennials’ demand for bleisure-supported solutions.

Technology 55

Technology Expense Management Transportation accounting and finance 55

PYMNTS

AUGUST 16, 2016

Through the terms of the latest deal with Didi, Concur users on the ground requesting a ride through the ride-hailing firm are able to log the transactions back to their Concur account through a mobile app. Didi Chuxing users connect to Concur accounts and can select rides.

Expense Management 40

Expense Management Transportation Government Tax 40

PYMNTS

MARCH 14, 2016

Specifically, Nexonia is looking at the takeover as a way to help expand its accounts payable and purchase order capabilities; Wainwright said the firm will incorporate these features into its solution following the deal. Reports said the executive is also eyeing more takeovers.

NetSuite 40

NetSuite Expense Management accounts payable quickbooks 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

JULY 28, 2017

Our solutions deliver real-time management over travel, purchasing and accounts payable processing, further optimizing the payables process.”.

Spend Management 40

Spend Management Spend Management Solutions accounts payable B2B 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

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.

Expense Management 71

Expense Management Travel Expense Management Technology Spend Management 71

PYMNTS

FEBRUARY 9, 2017

“Connecting company systems and data to a central expense reporting platform reduces data entry requirements for employees, and it improves accuracy and access to analytics for accountants and system administrators.”. But other challenges, like losing a paper receipt, are less easy to solve.

Expense Management 52

Expense Management Technology Travel Expense Management Account 52

PYMNTS

AUGUST 23, 2017

Employees aged 36 to 65, which encompasses both Gen X and baby boomer workers, accounted for a whopping 80 percent of dining, entertainment and hotel expenses and, on average, spent 66 percent more than millennials.

Entertainment 44

Entertainment Expense Management Travel Expense Management Account 44

PYMNTS

MAY 18, 2016

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

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 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. Abacus, Captio, Certify, Chrome River, Nexonia and Tallie are merging together to integrate each other’s T&E and AP solutions.

AP Automation 40

AP Automation Travel Expense Management accounts payable Technology 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.

Expense Management 40

Expense Management Transportation Travel Expense Management Account 40

PYMNTS

MARCH 25, 2016

In an interview with PYMNTS last year, the executive said that prepaid meets the massive demand of spend management solutions today: “The need for real-time accounting, real-time visibility of transactions and balances and the ability to restrict spending and access to cash.”. Industry Shakeup.

Expense Management 40

Expense Management Spend Management Solutions Spend Management Travel Expense Management 40

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. Practice Ignition.

B2B 41

B2B Travel Expense Management Expense Management Technology 41

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.

E-commerce 40

E-commerce accounts payable AP Automation Travel Expense Management 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