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How Virtual Cards Can Help Businesses Stay On Top Of Spend Management

PYMNTS

Some firms have better adjusted to new digital tendencies than others, especially when it comes to keeping track of B2B payments and spend management. Bringing Virtual Cards To A Virtual B2B World. Businesses have long relied on traditional tools, such as credit cards, to manage business expenses.

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Mastercard And B2B Payments’ Great Leap Forward

PYMNTS

Not so on the B2B side of payments, where payments between trading partners remain dominated by the 20th-century’s favorite payment method — where, staggeringly, 50 percent of all payments between business are made by check. Building a B2B Payments Hub. Mastercard’s Head of Global Commercial Product Development Richard Crum asked.

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Silicon Valley FinTech Brex Scores $200M Credit Line

PYMNTS

Brex deals in business-to-business (B2B) payments with corporate cards tailored to specific industries. The funding will also enable Brex to expand its financial services to online brands looking for interest-free financing, 60-day payment terms, rewards and expense management software. .

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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. There is also the expense outflow of invoice payments, all of which must be recorded in accounting and enterprise resource planning ( ERP ) systems.

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Overcoming The Pre-Accounting Hurdle Of Data

PYMNTS

While an accountant may be able to access digital information about that transaction, that professional must also understand whether that purchase was for inventory (for a car dealership, for example), or whether that asset is one that will depreciate (say, if a business has procured that automobile as part of an operational fleet).

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Plugging Expense Leaks With Spend Management Solutions

PYMNTS

It’s a new year in a new decade of the 21 st century, but paper expense reports, paper receipts and paper reimbursement checks are still with us. PYMNTS research found that 42 percent of B2B payments were made via paper check in 2019, for example. Tax Time, and Time as a Commodity.

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Everlance Links Mileage, Expense Tracking App Into Xero

PYMNTS

Everlance has announced that it reached the 500,000 user milestone, and its customers can now easily sync their mileage and expense management to their Xero or FreshBooks accounts. In addition, it allows users to bring their Everlance data into their accounting system and vice versa. “We