Emburse and Mastercard Partner to Help Financial Institutions Deliver Robust Corporate Expense Management Capabilities
March 31 2021 - 9:00AM
Business Wire
Corporate clients to benefit from easy, mobile-centric
integrated card and expense solutions
Emburse, a global leader in expense management and accounts
payable automation solutions, is collaborating with Mastercard to
provide card-issuing financial institutions (FIs) with deep expense
management capabilities. Mastercard-issuing FIs can now offer a
custom-branded version of Emburse and deliver an integrated
solution that empowers corporate clients to easily capture, verify
and reconcile card spend.
Corporate card users can capture receipt images directly within
Emburse’s mobile app, match them with the appropriate transaction
data and easily create and submit detailed, line-item expenses
without the need to manually enter transaction data. These
data-rich expense reports can then be routed for automatic
processing, eliminating the need for time-consuming and
labor-intensive manual reconciliation. The solution also enables
customers to use Emburse’s sophisticated AI-based audit and
analytics capabilities to improve the user experience, manage spend
and reduce fraud.
“We’re very excited to partner with Mastercard to help simplify
and streamline the user experience for its corporate cardholders
across the globe,” said Eric Friedrichsen, CEO at Emburse. “The
potential benefits that Emburse and Mastercard can bring to banks,
their clients and cardholders are immense. We look forward to
launching with our first financial institution later this year, and
continuing to humanize work for FIs and their corporate customers
by providing them with powerful, user-friendly, mobile-centric
expense solutions.”
The integrated solution enables FIs to deliver sophisticated,
unified spend-management capabilities to their corporate clients —
a compelling advantage against new market entrants in the spend
management space. This enables FIs to win new clients, retain
existing customers and drive incremental card spend due to a faster
submission and reconciliation process. Emburse also makes it easier
for FIs to put controlled virtual card management in the hands of
every employee at their corporate clients.
“In today’s digital economy, companies are looking for
innovative technology solutions to reduce complexity and improve
operations. That’s why Mastercard is modernizing the business
payments ecosystem to deliver greater simplicity, automation and
efficiencies,” said Ron Shultz, executive vice president, New
Payment Flows, North America at Mastercard. “Through our
partnership with Emburse, we’re helping financial institutions
deliver a sophisticated digital solution to help companies of all
sizes modernize their expense management processes and maximize
efficiencies.”
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 Cards, Emburse
Certify, Emburse Chrome River, 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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210331005239/en/
Maura Yepez Firebrand Marketing for Emburse 415-848-9175
emburse@firebrand.marketing
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