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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.

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Barclaycard On Everyday Spend Management And The Digital Shift

PYMNTS

Permanent staff members would use personal funds to pay for travel expenses and office supplies during this time, collecting paper receipts to turn in to administrative or finance teams at the end of the month. Parpou said she believes that digital spend management tools have the potential to become long-lasting.

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Spend Management Reaches For New — And Digital — Maturity

PYMNTS

It’s a phrase that can cause several types of jobsite headaches — stepping away from a project to hit a hardware store with petty cash, for instance, or calling the boss to gain approval to go over a card spending limit. Spend Management Change. Spend Management Misconception. Time Is Money.

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VCs Back FinTechs That Help Other Firms Manage Money

PYMNTS

With more than $89 million raised, B2B FinTechs this week impressed venture capitalists (VCs) with a range of services, including small business accounting, financing, spend management and payroll. Small business accounting startup Xendoo announced a $3.5 PYMNTS breaks down the latest VC investments below.

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Charter School Budgets Limiting Spend Control, BuyQ Says

PYMNTS

But when an entity operates on public funds, the need for transparent, controlled spending becomes more critical. Public charter schools are often strapped for funding and resources, making spend management paramount. This adds an entirely new layer of friction to the procure-to-pay process, said Rafanelli.

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Deep Dive: Fixing Corporate America’s Everyday Spending Problem

PYMNTS

Sales are falling as consumers curb their spending, resulting in cash flow crunches that are pressuring businesses to stick to their budgets and pursue innovations. Managing Cash Flows During the Crunch. percent of SMBs with brick-and-mortar presences have delayed payroll payments to alleviate the strain on their finances, while 18.1

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Card Incentives Jump On Businesses’ Shift Away From Cash

PYMNTS

According to reports, the solution aims to reduce small businesses’ reliance on personal credit to finance and manage business spend. HDFC Bank is collaborating with Mastercard and SAP Concur in India to roll out a new corporate card to streamline business spend and expense management. .