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Also focusing its corporate card offering on expensemanagement is Payhawk , which has announced a partnership with Wirecard to roll out commercial card products, PYMNTS reported. The companies revealed that their collaboration supports expensemanagement and integrated budgeting and spend control.
Given recent economic fluctuations, it’s understandable that many SMBs are looking for simple, efficient ways to better understand what is happening with their expenses. Cash flow is tight for many SMBs, and business owners need greater visibility into their cash flow to mitigate the impact of unexpected expenses.
Corporate spendmanagement platform Coupa is expanding availability of virtual commercial card payments as a result of a partnership with BNP Paribas , according to a press release from the financial institution. “Open finance will allow faster payroll, simpler expensemanagement and streamlined invoicing and budgeting.”
This week’s commercial card innovation roundup includes initiatives in areas like employee expense and small business credit, but some of the biggest disruption emerges in the payroll card arena thanks to a recent court decision and companies’ accelerating abandonment of physical paychecks.
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