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
Coupa , which works in business spend management, is rolling out new capabilities to help with businesses’ spend visibility while lowering risk, through a cloud-based platform, according to a press release.
Today in B2B payments, HSBC launches cash flow management tool, and TD Bank acquires equipment finance operations from Wells Fargo. EedenBull will provide its Q Business platform, which will include Q Control for the administrator and Q App for employees. AspireHR Teams With SAP Concur For T&E, Invoice Management.
At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. Part of that collaborative effort involves enlightening both ends of a B2B transaction to the potential benefits that card payments offer.
Not only do multiple systems cost more, but the modern approach to spend management does a better job. It’s designed to controlspending and streamline the interrelated, and continuous workflows associated with the process from intake to the final booking. Surprising lessons from a crisis.
It also assists in tracking and controllingspending, with monthly variance analysis that can help SMBs make better decisions on budgeting and spending, the release stated.
Christopher Shaffer , CEO of Utilimarc , recently told PYMNTS that enterprise fleets are facing greater pressure to controlspend and optimize their operations. Tuckers are facing backlogs and rejected cargoes, creating the risk of further disruptions later this month, reports said.
Virtual cards have a dirty, little secret , and the B2B payments space is beginning to catch on: For a technology that’s touted as an all-electronic way for corporates to pay, virtual cards sure do involve a lot of paper. The CEO is a major proponent of the technology, of course.
” The card product is linked to a digital portal enabling managers to view transactions, make payments, manage cards distributed to drivers and controlspending. Mastercard Debuts Track Business Payment Service.
EedenBull will provide its Q Business platform, which will include Q Control for the administrator and Q App for employees. There will also be payment cards from NAB, and customers will use Q Business to controlspend, the report stated. The platform can help SMBs prevent losses by making sure they use best practices.
Any organization must manage expenses and spend for financial strength. But when an entity operates on public funds, the need for transparent, controlledspending becomes more critical. Public charter schools are often strapped for funding and resources, making spend management paramount.
“Bento is uniquely positioned to deliver modern, end-to-end banking solutions that help small and medium-sized businesses controlspending and manage their cash. .” “I’m thrilled to join Bento as a board member,” Lane said in another statement.
The trend toward SMBs gaining more ability to delegate and controlspending by employees, said Rindom, also has an additional benefit, in addition to reducing complexity: Smart payment cards can foster “a healthy expense culture” in firms.
An analysis by Gartner found that business leaders are on track to spend around $116 billion on SaaS-related products this year, a 15 percent jump from this time last year. Some call it a “Shadow IT” that has become unmanageable, Connaker said.
“Stripe Issuing provides businesses a complementary set of tools for managing, controlling, spending and moving money. ” In a recent interview with Bloomberg , Groom added that while Stripe has addressed some problems with accepting money online, “businesses still have trouble moving money.”
“We’ve seen the demand for virtual cards grow recently as TMCs and corporates look for more efficient ways of controllingspend and managing travel programs,” said Serko CEO Darrin Grafton in a statement.
In a live discussion with Karen Webster, Duvedi outlined the essentials that any good spend management approach should deliver and how businesses can measure the success of such programs. Controllingspend doesn’t have to mean giving employees less capital to work with, said Duvedi. Found Money.
Often, that means one that fits to the size of a company and its spend volume. “It’d be great if there was an industry standard for how companies controlspend,” he said, highlighting the various spend categories and control methods for giving an employee a card.
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