There are hidden costs in accounts payable processes undertaken through traditional means – and some of those costs are not necessarily transparent. As Nick Reid, director of B2B partner development at Conferma, said in an interview with PYMNTS, virtual cards can help eliminate those hidden...
As more financial service providers explore how to capitalize on corporates’ growing adoption of commercial cards, firms are looking at the card as a way to round out their products and services with a more holistic offering. In India, Shell, for example, has introducing a...
Corporate profits are at all-time highs and the markets are mad bullish. So why are companies “borrowing” $1.6 billion a month from employees, in the form of business expenses being paid with personal monies and reimbursed later? It’s an excellent question, and one that virtual...
One of the hottest areas of B2B FinTech today is corporate travel and expense (T&E) management, with innovators looking to address the friction associated with expense reports and reimbursements. Many solutions aim to get rid of expense reports altogether, and instead aid corporates in allowing...
November 24, 2020
There are hidden costs in accounts payable processes undertaken through traditional means – and some of those costs are not necessarily transparent. As Nick Reid, director of B2B partner development at Conferma, said in an interview with PYMNTS, virtual cards can help eliminate those hidden costs. Reid noted that, although there are no upfront fees […]
February 10, 2025
Conferma and WEX are enabling Concur Invoice users to pay suppliers using a WEX-issued virtual Mastercard and Conferma’s virtual card platform. The solution allows commercial customers to make payments instantly and use the credit terms offered by WEX to manage their working capital and extend their days payable outstanding, the companies said in a Monday […]