BBVA Adds Support for Mastercard-Branded Cards to Expense Management Platform

BBVA has added support for Mastercard cards to its corporate expense management platform for its customers in Spain.

The Solred Mastercard is now available through the SAP Concur and Emburse Captio expense management tools, and it will be integrated into the platform’s other expense management systems in the coming months, BBVA said in a Monday (Feb. 13) press release.

“Our seamless integration with the leading expense management tools to facilitate control and traceability will give customers the flexibility to choose what best suits their needs,” BBVA Global Head of SME and Enterprise Solutions Javier Balbin said in the release.

PYMNTS research has found that non-payroll spend management software is useful in helping B2B Software-as-a-Service (SaaS) solutions providers install, track and control their spending, and that it is a critical growth driver.

As more SaaS firms recognize this, spend management systems are seeing more demand, according to “Improving Financial Performance: The Speed of Spend Management System Adoption,” a PYMNTS and Airbase collaboration.

The report found that nearly two-thirds of SaaS firms that are not currently using automation for non-payroll spending are keen to adopt the technology, 84% would be at least somewhat interested in using it and 90% would be at least somewhat willing to pay for it.

The BBVA Global Commercial Cards platform is already used by 85,000 employees of client companies using BBVA’s corporate cards across eight countries, according to the press release.

The platform offers companies a choice of 12 global expense management tools that use automation to allow employees to spend less time entering their expenses and streamline the approval process and daily reviews.

“We are delighted to join Pivot Commercial Cards together with BBVA to continue supporting businesses through payments,” Mastercard Spain General Manager Paloma Real said in the release. “In this way, companies will benefit from a series of advantages that will give them financial control, as well as the flexibility to guarantee the management of expenses in the simplest and most secure way possible.”

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