Emburse Pay - B2B Payments to Deliver First Fully Automated Purchase Order-to-Payment Processing
June 16 2021 - 9:00AM
Business Wire
Extends Emburse Pay suite of global payments capabilities;
integrated solution eliminates manual check runs, reduces payments
errors, and optimizes spend
Emburse, a global leader in expense management and accounts
payable automation, announces the launch of Emburse Pay - B2B
Payments, delivering strategic spend management for corporate
accounts payable teams. Emburse Pay - B2B Payments provides an
integrated payables solution for teams to easily manage and track
the entire invoice approval and payment process.
Emburse Pay - B2B Payments will allow organizations to save
time, lower costs, increase efficiency and enhance the user
experience. Finance teams can more easily track and confirm receipt
of payments, reducing potential delays and friction with vendors.
Reducing the need to print and mail physical checks by leveraging
payments technology such as cards and ACH enables organizations to
maintain better control of the payment process and timing and
manage spend strategically. In addition, the ability to rapidly
process invoices, coupled with the ability to pay in one system,
enables organizations to optimize cash flow and take advantage of
rebates and discounts.
“Adding Emburse Pay - B2B Payments to Chrome River Invoice was a
natural next step for us. After seeing the benefits of increased
efficiency and error-free payment processing, we were excited to
roll out B2B Payments and complete the AP lifecycle in an automated
fashion,” said Marissa Navarro, controller at Mitchell Silberberg
& Knupp LLP.
“Despite the massive push toward digital transformation during
the pandemic, most organizations continue to pay vendors using
physical checks. In addition to it being an incredibly inefficient
and error-prone process, finance teams are missing out on huge
cost-saving opportunities through early payment discounts and card
rebates,” said Rajeev Subramanyam, general manager of Emburse Pay.
“Our Emburse Pay suite of solutions was designed to streamline what
has traditionally been a time-consuming and inefficient process -
manually reconciling corporate payments. In B2B Payments, we have
taken what has traditionally been a very cumbersome process and
integrated it into our AP solutions’ workflow.”
WEX, a global financial technology services provider, is the
launch partner on Emburse Pay - B2B Payments. WEX will provide
comprehensive virtual card, check and ACH services, which are
seamlessly integrated into Emburse’s AP solutions.
“Partnerships are key to WEX’s strategy, and we are thrilled to
collaborate with Emburse to bring this new offering to market,”
said Jay Dearborn, president of corporate payments at WEX Inc. “In
a recent WEX survey, 42% of executives identified modernizing
technology and platforms as their post-pandemic priority. Emburse
understands the importance of investing in digitization as it aims
to enhance seamless customer experiences across ACH, check, or
virtual card payments.”
Emburse Pay - B2B Payments is currently available for Emburse
Chrome River Invoice customers, and will be available for
additional Emburse customers in the coming months.
About Emburse
Emburse humanizes work by empowering business travelers, finance
professionals, and CFOs to eliminate manual, time-consuming tasks
so they can focus on what matters most.
Emburse offers a growing portfolio of award-winning expense and
AP automation solutions, including Emburse Abacus, Emburse Captio,
Emburse Certify, Emburse Chrome River, Emburse Cards, Emburse
Nexonia, Emburse SpringAhead and Emburse Tallie. Its innovative
offerings are tailored to meet the unique needs of specific
industries, company sizes, and geographies, and are trusted by more
than 9 million users in more than 120 countries. Over 16,000
customers, from start-ups to global enterprises, including Boot
Barn, Grant Thornton, Telefónica, Lufthansa Systems, and Toyota
rely on Emburse to eliminate manual processes, make faster, smarter
decisions, and help make users’ lives - and their businesses -
better.
Emburse is recognized as a leader in expense management and
accounts payable automation by analyst firm IDC, and has received
multiple awards for its high levels of customer satisfaction.
For more information on Emburse, visit emburse.com, call
877-EMBURSE, or follow the organization’s social channels at
@emburse.
About WEX Inc.
Powered by the belief that complex payment systems can be made
simple, WEX (NYSE: WEX) is a leading financial technology service
provider across a wide spectrum of sectors, including fleet,
corporate payments, travel and health. WEX has offices in more than
10 countries and employs more than 5,200 associates around the
world. WEX fleet cards offer approximately 16 million vehicles
exceptional payment security and control; purchase volume in travel
and corporate solutions was $20.9 billion in 2020 and was processed
in over 20 currencies; our health division provides
consumer-directed healthcare technology and services, and reached
an estimated 34.3 million U.S. consumers as of March 31, 2021. For
more information, visit www.wexinc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210616005311/en/
Maura Yepez Firebrand Communications for Emburse
emburse@firebrand.marketing 415 848 9175
Elisabeth Andrews WEX elisabeth.andrews@wexinc.com 207 420
6472
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