PYMNTS-MonitorEdge-May-2024

spend management

36% of SMBs Say Cost, Complexity Prevent AP/AR Automation
36% of SMBs Say Cost, Complexity Prevent AP/AR Automation
January 23, 2024  |  Accounts Payable

Nearly 80% of mid-size firms — those generating between $3.5 million and $15 million in annual revenue — anticipate a surge in the volume of...

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Looking to Capture the Real-Time Opportunity in B2B Payments? You’re Not Alone
Looking to Capture the Real-Time Opportunity in B2B Payments? You’re Not Alone
January 15, 2024  |  B2B Payments

The thing about traditional B2B payment methods is that they tend to be rather … traditional. That includes paper checks, which remain tied to 40% of...

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Spend Management Got More Granular and More Important in 2023
Spend Management Got More Granular and More Important in 2023
December 22, 2023  |  B2B Payments

Where a business spends money tends to define its go-forward strategy. But often where enterprise spend disappears to is opaque, with some departments sending checks...

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FinTech IPO Index Surges 8% as Affirm Gets a Bump on Walmart BNPL Deal 
FinTech IPO Index Surges 8% as Affirm Gets a Bump on Walmart BNPL Deal 
December 22, 2023  |  Fintech Investments

Headed into the last week of the year — a shortened week due to the holidays — the FinTech IPO Index gained 8%. BNPL Bounce...

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Expensify Adds Budgeting Tool to Financial Management App for Businesses
Expensify Adds Budgeting Tool to Financial Management App for Businesses
December 20, 2023  |  B2B Payments

Expensify added a budgeting tool to its financial management app for businesses. The new tool allows admins to set monthly or annual budgets for teams,...

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Uber for Business Adds Integrations With 2 Expense Management Providers 
Uber for Business Adds Integrations With 2 Expense Management Providers 
December 19, 2023  |  Spend Management

Uber for Business has integrated with expense management providers Brex and Ramp.  With these integrations, receipt matching for Uber rides and meals will be automated, helping companies simplify...

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North American Marketplaces Lead in Corporate and Virtual Card Usage
North American Marketplaces Lead in Corporate and Virtual Card Usage
December 15, 2023  |  Spend Management

Despite economic challenges such as persistent inflation and market disruptions, growth corporates, commonly referred to as middle-market firms, in the North American region have demonstrated...

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Spend Management Firm Pleo Names New CFO in Push for Profitability
Spend Management Firm Pleo Names New CFO in Push for Profitability
December 13, 2023  |  Personnel

Danish FinTech Pleo is reportedly expanding its executive team with a new chief financial officer. The naming of financial services veteran Soren Westh Lonning as...

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Expensify Teams With Booking.Com to Streamline Travel Expenses
Expensify Teams With Booking.Com to Streamline Travel Expenses
December 12, 2023  |  Travel Payments

Payments firm Expensify has launched a new integration with Booking.com for Business. The collaboration lets business travelers automatically upload travel receipts from Booking.com for Business directly into Expensify at booking,...

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