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American Express and Emburse team on expense management

Source: American Express

American Express, a leader in global business payments, and Emburse, a leading provider of travel and expense software, are partnering to offer end-to-end virtual card issuance, card reconciliation, and expense management in Emburse Spend, an all-in-one expense management solution, to American Express customers.

Customers can now connect their American Express Card programs to Emburse Spend. Card Members can enroll their eligible commercial American Express Card to issue American Express virtual Cards (a dynamic payment option that replaces a physical card number with a digital card number) on demand within the platform. Expenses from Cards and virtual Cards will automatically enter the accounting system for easy reconciliation. Enrollment required and fees may apply.

Eligible American Express® Business, Corporate, or Corporate Purchasing Card customers seeking a single solution for virtual card issuance, card reconciliation, and expense management.

Streamlined Processes & Approvals: The integration pre-codes every eligible American Express transaction with vital expense information (category codes, custom expense fields), making expense submissions and approvals effortless.
Added Security & Transparency: American Express virtual Cards help businesses maintain control over budgets and securely manage recurring expenses and one-off vendor payments through unique tokens that have pre-set parameters for each Card, including budget, expiration, and per-transaction limits.
Optimized Spending & Compliance: This integration brings transactions from eligible American Express Cards, virtual Cards issued from those accounts, and other payment methods into Emburse Spend, so finance leaders can better understand and optimize their spending across payment methods and minimize out-of-policy transactions.
American Express and Emburse on-the-record:

“Embedding American Express payments in Emburse Spend improves automation, strengthens controls and compliance, and boosts employee productivity. We’re seeing businesses benefit from the transparency and enhanced security of virtual cards, which are quickly becoming an integral form of business payments,” said Widad Chaoui, Vice President of Corporate Solutions Product Management at American Express.

“American Express has long been a strong partner to small and medium-sized businesses, so we’re thrilled that its Commercial Card customers can now benefit from Emburse Spend’s user-friendly, integrated card and expense management capabilities,” said Marne Martin, CEO at Emburse. “Emburse Spend simplifies the way employees make and expense purchases, streamlines bill payments, and reduces the need for finance teams to spend hours on manual reconciliation.”

“Emburse Spend is an extremely convenient solution that allows us to issue American Express virtual Cards and our employees to easily categorize expenses via the mobile app. This unified solution has already saved me countless hours previously spent reviewing and categorizing all employee spending on my own. The capability to map each individual employee into their respective cost centers is another incredibly useful feature. This has been pivotal in my monthly financial analysis and budgeting, as it’s a new insight that’s shown me where we are spending too much or too little,” said Khory Lee, Controller, ASAP Heating & Air, Emburse and American Express customer.

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