Spend Management news and trends

Wells Fargo Launches Business Credit Card With Cash Rewards
B2B Payments // May 10, 2024

Wells Fargo has launched a business credit card designed to provide easy-to-understand cash rewards. The new Signify Business Cash Worldwide Elite Mastercard offers unlimited 2% cash rewards on business purchases, with no annual fee and no caps or categories to track, the financial services company said in a...

Transforming Back-Office Functions Lets Firms Move Forward With Certainty
B2B Payments // May 10, 2024

Innovation across the payments sector has taken off over the last decade. Driven by automation, speed, security and convenience, electronic payments advances are reshaping back-office workflows and transforming processes historically viewed as static administrative functions. And with the news this week that digital banking startup...

What the Future of Work Means for CFOs’ Budgets
CFO // May 03, 2024

Over $38 billion of U.S. office buildings face loan defaults, foreclosures or other distresses. At the same time, many companies are relocating or centralizing their headquarters. That’s why, for today’s CFOs, the cost and cultural balance around return to office versus remote work and other hybrid setups is top of mind...

BILL’s Payment Processing Rises 20% as Small Businesses Adopt ePayments
Earnings // May 02, 2024

The number of small- to medium-sized businesses (SMBs) using BILL’s solutions to digitize their operations and adopt electronic payments increased by 10,000 over the past year.  The total number of SMBs using these solutions increased 2% from a year ago, reaching 450,000 during the quarter...

Interviews & Exclusives
Fleet Sector Travels From Closed-Loop to Future-Ready

April 16, 2024
Where an industry goes tomorrow is a step-function from where it is today. And this is particularly true within the fleet management ecosystem, where traditional payment methods like fuel cards remain, by far, the most common payment scenario. Increasingly, addressing the challenges of traditional fleet payments, including cumbersome manual processes and security loopholes, are playing […]

Lack of Working Capital Hinders Mid-Market Performance in APAC

April 15, 2024
The Asia-Pacific (APAC) region contributed roughly two-thirds of global growth last year. PYMNTS Intelligence recently studied Growth Corporates, or mid-market firms, in the APAC region to determine how they leveraged...

Business Travel Reporting Starts With Central Expense Management

April 02, 2024
It’s a new era for business, and that means it’s a new era for business travel. And against today’s backdrop, where every dollar of working capital matters, travel spend management...

The Cost of Not Knowing Is 4.4% of Revenue for Middle-Market Firms

April 02, 2024
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...

Quick Reads
Expensify Adds Unlimited Virtual Cards to Spend Management Platform

May 13, 2024
Expensify has added unlimited virtual cards to its spend management platform. With the new Expensify Visa Commercial Card, businesses can manage all their expenses across employees and merchants, including both one-time and recurring expenses, the company said in a Monday (May 13) press release. “Managing costs is front and center for every business right now, […]

Wells Fargo Launches Business Credit Card With Cash Rewards

May 10, 2024
Wells Fargo has launched a business credit card designed to provide easy-to-understand cash rewards. The new Signify Business Cash Worldwide Elite Mastercard offers unlimited 2% cash rewards on business purchases, with no annual...

BILL’s Payment Processing Rises 20% as Small Businesses Adopt ePayments

May 02, 2024
The number of small- to medium-sized businesses (SMBs) using BILL’s solutions to digitize their operations and adopt electronic payments increased by 10,000 over the past year.  The total number of...

Paystand Acquires Teampay to Create B2B Financial Platform

April 25, 2024
Blockchain-enabled B2B payments network Paystand has acquired spend management software provider Teampay to create a unified financial platform that covers both accounts receivable (AR) and accounts payable (AP). The fusion of the...