Expense Management stories
Lower purchasing costs and stronger finance income lifted Westcon Group NZ's annual profit to NZD $9.8 million, even as sales slipped.
Companies can now control meals, car hire and rideshare costs better as American Express broadens virtual card use for US business travellers.
As volatility bites, European finance chiefs are turning to AI for faster forecasts, tighter cash control and better risk oversight.
AI use in Australia and New Zealand is shifting from pilots to routine finance and marketing tasks, SAP said in a regional review.
Valuation of the Berlin finance software group has reached EUR €1 billion as it plans AI tools that keep finance teams in control.
It aims to cut manual work for travel and finance teams as new dashboards, approval tools and disruption alerts roll out in stages.
Australian mid-sized firms may finally get serious accounting tools without paying ERP costs or enduring months of disruption.
Half of business travellers admit bending expense rules, as unapproved AI use and weak approvals add to finance teams' compliance worries.
Corporate travellers could face fewer manual steps as booking data and expenses flow between the two platforms in real time.
Customers could gain more choice over travel, payments and expense tools as Emburse adds new partners and broadens its Mastercard tie-up.
Travel managers will get real-time programme visibility and travellers more self-service options as Amex GBT broadens AI across its products.
Most finance chiefs still lack a clear AI plan as poor data quality and governance delay automation across North American finance teams.
Small businesses can now use Square Credit Card to cover vendor bills, with 3% cash back on Bill Pay transactions and broader access.
The move gives select US businesses tighter control over employee and travel spending without relying on reimbursements to personal cards.
Smaller finance teams can now enforce budgets and receipts in one place as Mercury adds employee and AI agent cards for business customers.
Automated approval controls are speeding payments at Jasbe Petroleum, cutting invoice clearance from days to hours across 56 service stations.
Direct access to the UK watchdog will help the payments firm tackle scaling issues as it handles more than GBP £180 billion a year.
Schools and universities can cut audit-season scrambles if they shift controls to the point of spend and stop chasing receipts later.
Travel managers could cut front-desk payment failures as virtual card details are verified before travellers arrive, reducing support and reconciliation work.
Cash-flow pressures are mounting for Canadian small firms, with Xero data showing sales fell 0.6% year on year in the June quarter.