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)....
Corpay, a FLEETCOR brand, has launched a spend management platform that aims to simplify corporate payments and spending into a mobile-ready solution. The new Corpay Complete integrates corporate cards, expense reimbursements, accounts payable (AP) automation and supplier payments to offer a comprehensive solution for finance teams, the company...
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 expenses and save time, Uber for Business said in a Tuesday (Dec. 19) press release. “Our work with Brex and Ramp...
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 resilience. By employing external working capital solutions, these firms have improved their operational efficiency to sustain growth in an uncertain...
Conferma Pay and Mastercard expanded their partnership to enhance expense management and hotel reconciliation for employees and corporations. The collaboration will enable mobile virtual card payments, providing a convenient and secure travel payment experience, the companies said in a Wednesday (Dec. 6) press release. Through Mastercard’s virtual card solution,...
Corporate travel and expense management startup Navan has laid off 145 people. The layoffs — 5% of the company’s staff — are part of a restructuring, TechCrunch reported Tuesday (Dec. 5). “We are refocusing efforts to move faster toward profitability as we enter the next phase of the...
In today’s rapidly evolving business landscape, firms are increasingly embracing digital advancements that can transform working capital management, streamline their accounts receivable (AR) and accounts payable (AP) systems and bolster their fraud prevention efforts. This shift, which spans across various sectors, is driven by the...
Payhawk, a spend management FinTech company, announced it has become a principal member of Visa Europe. This membership will enable Payhawk to issue Visa cards directly, without relying on third parties, giving the company greater control over its payment infrastructure. The ability to issue Visa...
