This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As a finance professional, your employees’ business travel often presents a complex challenge due to the numerous policies and industry standards governing a crucial aspect: travelexpenses. Dealing with never-ending expense claims can prove to be a tedious and time-consuming task that uses up important resources.
T&E promotes higher retention rates for the company Companies with well-developed T&E policies tend to have higher employee retention rates because they don’t expect their frequent travellers to stay out of pocket and wait long periods for reimbursements. What expenses are included in T&E? Book a demo today.
In total, investors placed nearly $600 million for firms in the B2B payments, T&E, financial management and other B2B spaces. But it was an embedded finance FinTech that took home more than half of the funding announced. Its micro-financing portal targets SMBs that cannot access capital via traditional means.
Concerns over an economic downturn haven’t seemed to dissuade venture capitalists from backing B2B FinTech firms, with this week’s roundup including players in the small business (SMB) banking, corporate travel, expensemanagement, alternative finance and data integration spaces. 2nd Address. ANNA Money.
But the largest venture capital funding round went to an accounts payable automation firm in the U.S. TravelExpenseManagement. Corporate travel and expensemanagement startup Baoku Online, based in China, secured Series A funding , the firm said Monday (Nov. Finance Ireland. Baoku Online.
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.
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 travelexpensemanagement needs of SMBs and freelancers.
The most lucrative players are operating in the SME finance space, with a small business banking startup landing more than a quarter of the funding. Prospa is reportedly already working on a new SME invoice financing solution and has several partnerships in play, including one with Xero and with Reckon. Alt-Lending. SME Banking.
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
Highlighting the “clunky” and “difficult-to-use” nature of many enterprise software solutions, Jirav CEO and Co-founder Martin Zych said finance teams need modern, agile solutions to elevate their finance and accounting operations through business intelligence. Selina Finance.
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.
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. The firm, previously known as Lunchr, offers businesses a payment card solution for employees to finance their lunches.
Jolly, Bank of America head of financing and channels in Global Transaction Banking, in a statement. 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.
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.
Below, PYMNTS breaks down some of the numbers behind the B2B payments and finance digitization journey. But experts warn that there is still much work to be done, and while there is promising evidence of progress, legacy processes and technologies remain prominent — particularly within smaller businesses.
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 expensemanagement, like accounting and event departments. “What does this mean for finance leaders?
“Our integration provides MacNair customers with seamless payments, and the combination of our virtual card platform and mobile app delivers a truly exceptional travel payment solution for TMCs to offer their clients,” stated CSI globalVCard SVP of Partner and Travel Operations Juliann Pless in another statement.
13), Conferma estimated that employees spend more than $380 million of their own funds to finance their business trips, which they expense out later on. surveyed by Conferma said they use their own money to pay for work-related expenses at least once a month. In its latest research , published Monday (Aug. 2017 statistics).
Reports Thursday (June 1) said venture capitalists are paying closer attention to the B2B side of FinTech with a particular focus on supply chain and supplier finance, B2B software, and solutions that hit both the AR and AP side of transactions. Analysts estimate B2B payments account for about $250 billion worth of the $1.8
We organize all of the trending information in your field so you don't have to. Join 237,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content