Emburse continues to bulk up its corporate payment
offerings, launching a new pre-approved payment card service integrated within
the conglomerate's Chrome River expense platform. Dubbed Emburse Pay, the
system is built around cards that can be pre-approved for specific expenses
requested through Chrome River.
Once a requested expense is pre-approved, the employee is
issued a virtual or plastic prepaid Visa Emburse Card. The card can be
restricted for use within particular date ranges, specific merchant types
and/or requested spend amounts, enabling spending managers to ensure policy
compliance and prevent out-of-policy spend, Emburse said. When an employee uses
the Emburse Card for an approved expense, they receive a real-time notification
prompting them to capture an image of the receipt. The uploaded receipt is then
automatically matched with the transaction record and an expense line item is
created.
Chrome River is the second expense brand under the Emburse
umbrella to launch a companion payment card, following Abacus, which added an
integrated card in February – a month after the company rebranded under the
overarching Emburse banner. Emburse plans to roll out additional payment cards
under its other brands – including Certify, Nexonia and Tallie – in the future,
and Emburse CEO Eric Friedrichsen said a broader corporate payments initiative
will add a range of additional capabilities around expense payments,
reimbursement, spend workflow and accounts payable payments.