Emburse and Mastercard Develop New Capabilities to Streamline Amazon Business Purchase Expenses
September 01 2020 - 8:00AM
Business Wire
Corporate Mastercard users to benefit from no-touch
itemization of Amazon Business transactions
Emburse, a global leader in expense management and accounts
payable automation solutions, announced a new benefit for Amazon
Business customers, thanks to a new integrated solution for
Mastercard corporate cardholders. Amazon Business combines the
selection, convenience and value customers have come to know and
love from Amazon, with new features and unique benefits tailored to
the needs of businesses. Mastercard corporate cardholders can now
benefit from automated receipt generation and itemization of their
expenses within their Emburse expense automation solution.
Amazon Business customers previously had to upload purchase
e-receipts into their expense solution and, if their employer
required line-item breakdowns of purchases, manually create an
expense item for each product. E-receipts then needed to be
reconciled with corporate credit cards. Leveraging merchant Level 3
card transaction datai eliminates the need for Amazon Business
customers to manually submit their receipt to their expense
management solution, following the purchase click on the Amazon
Business site.
The integrated solution automatically renders e-receipts
directly in the customer’s receipt wallet within the expense
solution. Once in the receipt wallet, each transaction is
automatically parsed into individual line items and categorized
based on the customer’s purchasing history and company policies.
This eliminates the need for customers to manually enter each
product as a single expense, and provides much greater line-item
clarity for administrators to ensure spend is compliant.
“We are proud to help business customers streamline the expense
process,” said Eric Friedrichsen, CEO of Emburse. “Outside of
travel bookings, Amazon is one of the most commonly expensed
merchants that we see. Many of our customers are using Amazon
Business for their business purchases and are looking for a
solution that automates the expense process. This integration takes
what was previously a time-consuming and manual task and makes it
happen at the touch of a button.”
“Business-to-business payments are changing, to work harder and
smarter, and capitalize on the accelerating shift to the digital
economy. Mastercard is modernizing the business payment ecosystem
to provide greater control, automation and efficiencies,” said
James Anderson, Executive Vice President of Global Commercial
Products, Mastercard. “Emburse’s solution is innovative technology
supporting this digital shift, helping create smarter business
payment options for a business’s purchasing and expense
management.”
Emburse is now a Featured Partner in the Amazon Business Partner
Network.
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 brings together some of the world’s most powerful and
trusted expense and AP automation solutions, including Abacus,
Captio, Certify, Chrome River, Nexonia and Tallie. The company’s
innovative offerings, which are uniquely tailored for specific
industries, company sizes, and geographies, are trusted by more
than 4.5 million users in more than 120 countries.
Over 14,000 customers, from start-ups to global enterprises,
including Boot Barn, Grant Thornton, Telefónica, Lufthansa Systems,
and Toyota rely on Emburse to make faster, smarter decisions,
empower business travelers to recapture lost nights and weekends
spent doing tedious expense management, and help make users’ lives
- and their businesses - better.
For more information on Emburse, visit emburse.com, call
877-EMBURSE, or follow the organization’s social channels at
@emburse.
About Mastercard (NYSE: MA), www.mastercard.com
Mastercard is a global technology company in the payments
industry. Our mission is to connect and power an inclusive, digital
economy that benefits everyone, everywhere by making transactions
safe, simple, smart and accessible. Using secure data and networks,
partnerships and passion, our innovations and solutions help
individuals, financial institutions, governments and businesses
realize their greatest potential. Our decency quotient, or DQ,
drives our culture and everything we do inside and outside of our
company. With connections across more than 210 countries and
territories, we are building a sustainable world that unlocks
priceless possibilities for all.
i Credit card providers electronically transmit different levels
of data with B2B transactions, depending on the amount of data
reported by the merchant. This enables business customers to more
easily manage and reconcile corporate card transactions. Level 3 is
the highest level of data offered by merchants and provides
customers with the following fields.
- Merchant DBA Name
- Billing zip code
- Transaction amount
- Sales tax amount
- Customer reference number/code
- Merchant ZIP/postal code
- Tax ID
- Merchant minority code
- Merchant state code
- Ship-from ZIP/postal code
- Ship-to/destination ZIP code
- Invoice number
- Order number
- Item product code
- Item commodity code
- Item description
- Item quantity
- Item unit of measure
- Item extended amount
- Freight amount
- Duty amount
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version on businesswire.com: https://www.businesswire.com/news/home/20200901005449/en/
Greg Wood, Zeno Group for Emburse (650) 801-7958
greg.wood@zenogroup.com
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