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Abacus Pulls Amex Into T&E Platform

PYMNTS

Travel and expense management platform Abacus has announced that it will automatically pull data from American Express card transactions into its portal. 7) said Abacus will streamline and automate the flow of financial data from transactions made with American Express cards into the Abacus platform for spend management.

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Buyout Shrinks The T&E Market

PYMNTS

The expansive travel and expense management industry is shrinking, thanks to an acquisition made by Nexonia of one of its main competitors. Over the years, it’s expanded into broader expense management solutions as business clients expressed a need to have Nexonia tools integrate into existing accounting and ERP systems.