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In another initiative focused on spendmanagement, BNP Paribas announced that it is adding virtual commercial cards within the expense management platform Coupa , linking those cards to Coupa Pay, PYMNTS reported.
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 expense management and streamlined invoicing and budgeting.”
This lack of visibility can have a multitude of implications for accurate cash flow reporting, including an increased risk of not closing the books on time, to unexpected non-payrollspend. In fact, half of SMBs report that they struggle with inaccuracies in their current expense management solutions according to survey data.
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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