Expense management and accounts payable automation solutions provider Emburse has launched a corporate card integration for Abacus.
Emburse Cards provides virtual and physical corporate card solutions that Emburse said help organisations to enforce travel and expense policies as transactions occur.
Integrating the solution into Abacus gives administrators the ability to issue and manage corporate cards within their expense management solution. Travel managers are also provided with real-time insight into their corporate expenses.
Travellers who make purchases using their Emburse Card will be prompted to capture an image of the receipt and submit the expense, eliminating the time and effort needed to reconcile traditional corporate card expenses, according to the company.
Cards can be issued to both employees and non-employees for ongoing business and travel-related corporate payments, or as single-use cards for one-off purchases. Organisations can set granular spending parameters enforced at the point of sale through a dashboard, including date restrictions, one-time or recurring budgets and limitations regarding the merchant category code or even specific vendors.
Emburse said the cards are optimised for SMEs, mid-sized companies and large enterprises. The firm partners with financial institutions to provide customers with a choice of funding method, including creating a trust account and setting up a credit facility, with plans to roll out additional alternatives over the coming months.
Ted Power, chief product officer at Emburse, commented: “Many organisations have long struggled with the challenge of gaining real-time visibility into purchases made on corporate cards, and as a result they were unable to get an accurate and timely picture of employee spend. With the launch of Emburse Cards for Abacus, we can now give finance teams complete control from purchase to reconciliation with real-time workflows and automation. Organisations now benefit from a simple, timely way to improve spend visibility and eliminate potential fraud and wasteful spend.”
Emburse Cards is available now for Abacus customers. It will be rolled out for native customers of Certify, Chrome River, Nexonia and Tallie in the coming months.
The new solution has been released after six companies – Abacus, Captio, Certify, Chrome River, Nexonia and Tallie – joined together under the new Emburse brand last month.