Emburse has integrated corporate payment cards into the Abacus real-time expense management platform.
The move comes follows the acquisition of Emburse, a virtual and physical cards provider for business expenses and vendor payments, by Certify/Chrome River.
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Last month, expense management solution providers Abacus, Captio, Certify, Chrome River, Nexonia, and Tallie merged operations, adopting Emburse as the name for the unified brand.
The integration of Emburse Cards into Abacus is said to make the corporate card issuance and management process more convenient for administrators and offer businesses more control over corporate expenses.
In the future, Certify, Chrome River, Nexonia and Tallie will also add support for Emburse Cards.
The Emburse Cards, available in virtual and physical solutions, enables businesses to enforce their travel and expense policies with ease.
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By GlobalDataThey can be used for business- and travel-related corporate transactions and as “single-use cards for one-off purchases”.
Multiple spending parameters such as one-time or recurring budgets, merchant category code restrictions, can be set using a dashboard.
For using the Emburse Card, travellers will be required to capture the receipt’s image and submit the expense soon after making a payment.
Emburse chief product officer Ted Power said: “Many organisations have long struggled with the challenge of gaining real-time visibility into purchases made on corporate cards, and as a result they were unable to get an accurate and timely picture of employee spend.
“With the launch of Emburse Cards for Abacus, we can now give finance teams complete control from purchase to reconciliation with real-time workflows and automation.
“Organisations now benefit from a simple, timely way to improve spend visibility and eliminate potential fraud and wasteful spend.”
