Remove accounting and finance Remove accounting system Remove B2B Remove Expense Management
article thumbnail

Silicon Valley FinTech Brex Scores $200M Credit Line

PYMNTS

Brex deals in business-to-business (B2B) payments with corporate cards tailored to specific industries. This new financing will help Brex grow its eCommerce business, which launched in February. The product automates expense management and integrates with accounting systems.

article thumbnail

Newly Funded Airbase Consolidates Spend Management

PYMNTS

Airbase, a spend management company looking to consolidate a range of expense management processes for organizations, has announced new funding for its technology. The financing reportedly closed at the end of last November but was not revealed until this week, when Airbase officially announced its product launch.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Plugging Expense Leaks With Spend Management Solutions

PYMNTS

But there are other types of unwanted friction in finance. Big corporations and small to medium-sized businesses (SMBs) all struggle with expenses, and must address leaks and mishaps before they become accounting nightmares. PYMNTS research found that 42 percent of B2B payments were made via paper check in 2019, for example.

article thumbnail

Virtual Prepaid Tackles Biz Payments Friction Beyond AP

PYMNTS

Corporate payments innovation has cast a wide net to tackle the many pain points businesses experience today, with accounts payable (AP) one of the most popular targets for disruptors. There are a lot of scenarios in which transferring to a bank account isn’t fast enough anymore, and most legacy accounting systems are really slow.”.

B2C 60
article thumbnail

Solving For The Unknowns In Small Business Banking

PYMNTS

We can view debits, credits and import those entries into our accounting system to reconcile with our own books. APIs are available for business systems to integrate with the bank system.”. That means risks for innovators (and banks) — but a massive opportunity too. But often, that’s where the breadth of services ends.

B2B 70
article thumbnail

Why Banks Withhold Cards From Startups ? Even With VC Funding

PYMNTS

When a startup owner mixes personal and business finances , the negative consequences can go in multiple directions. “Therefore, they are setting up their financial systems and expense management practices in a scalable way, so that they can continue to grow their operations.”