According to PYMNTS Intelligence’s inaugural edition of “The 2024 Certainty Project Report,” uncertainty costs middle-market companies more than $20 million on average, per these firms’ CFOs. The 2024 Certainty Project is a first-of-its kind study examining the economic impact that uncertainty has on firms operating...
Today’s corporate treasurers face a dynamic set of demands. These requirements, which have traditionally centered around core activities like working capital management, banking, investments, risk management for currencies and interest rates, and other operationally necessary financial exercises, are becoming increasingly scaled up as businesses expand...
Visa and Alaan have partnered to provide digital expense management solutions to businesses in the United Arab Emirates (UAE) and Saudi Arabia. The companies’ five-year strategic alliance brings together the VisaNet global payment processing network and Alaan’s artificial intelligence (AI) spend management system, the companies said in a Wednesday...
Virtual card/spend management platform Extend has debuted a feature dubbed “team budgets.” The new offering, announced Wednesday (March 27), is designed to help its customers organize and control spending by letting employees send and manage secure virtual cards. “With the rollout of team budgets, those customers gain an even...
Treasury and liquidity management provider Hazeltree has rolled out an enhanced version of its platform. “Hedge fund and private markets clients will benefit from enhanced user experience, increased ease of remote access, and more robust security, allowing processing of transactions on the Hazeltree platform from anywhere at any...
As part of its stride toward complete digital transformation, QNB Group, a financial institution serving the Middle East and Africa, has announced a new partnership with Coupa, a provider of spend management solutions. Through this collaboration, QNB will have access to Coupa’s unified platform that offers real-time...
Against today’s shifting macroeconomic backdrop, companies are prioritizing their agility and ability to react to unforeseen events. Increasingly, firms are backing that ability up with savvy working capital management strategies that leverage commercial and virtual cards to manage their B2B spend, ensuring that there is enough capital...
While progress may appear to be a function of replacing work, it is frequently the transformation of work that accelerates innovation. After all, automating an inefficient process wins no productivity awards — but transforming that process into a more seamless and impactful one does. As...
Spending management company Brex has laid off 282 people — about 20% of the workforce — as part of a restructuring. “Today we’re restructuring Brex to become a high-velocity company,” Pedro Franceschi, founder and co-CEO of Brex, said in a message posted on the company’s website Tuesday (Jan. 23)....
