<div>
  <ul>
    <li>
      <p>
        Soldo, a business expense card issuing platform, has been selected by Crown Commercial Services to be used by public entities across the UK. This enables entities such as local authorities to disburse funds to people in need so they are able to pay for goods and services through prepaid cards.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Organizations using Soldo can dispense and load funds to cards, and track, manage, and analyze spend centrally and instantly. This offers them greater efficiency and control than with traditional options such as bank transfers and food and energy vouchers.&nbsp;&nbsp;
      </p>
    </li>
    <li>
      <p>
        This partnership is timely, given the fact that the UK is reportedly facing its worst cost-of-living crisis in over 60 years. This has led to more people becoming reliant on monetary support from the government. 
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.finextra.com/pressarticle/95379/soldo-selected-as-supplier-for-crown-commercial-service-pre-paid-cards?utm_medium=rssfinextra&utm_source=finextrafeed">
      Finextra
    </a>
  </p>
</div>


Business Expense Management

Soldo partners with Crown Commercial Services to issue prepaid cards

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

<div>
 <p>Ramp, a corporate spend management platform, has rolled out Ramp App Center, a new app store meant for third-party developers to create apps that can be integrated with Ramp's platform. The AppCenter is accessible to Ramp customers, though some apps are exclusive to Ramp Plus subscribers.</p>
 <p>The App Center started off featuring over 200 integrations from more than 75 associates that includes NetSuite, QuickBooks, Puzzle, Digits, Campfire, Ironclad, and Carta. The platform renders one-click access to diverse business tools and enhances Ramp's present API capabilities with the addition of new integration features.</p>
 <p>Ramp does not impose any extra costs or commissions from app developers. However, it furnishes developers with potential opportunities to earn through Ramp's ecosystem by permitting them to reach out to its extensive customer base of over 25,000. </p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> The new service launch follows its initiatives to drive AI integration and support its growth strategy following its latest funding round in <a href="https:<br>
//sp-edge.com/updates/28593"> April 2024 </a> . The new app center builds on the partnerships and product enhancements it has actively pursued, including its collaboration with Priceline in <a href="https:<br>
//sp-edge.com/updates/30197"> June 2024 </a> to launch Ramp Travel, streamlining business travel, and automating expense management.&nbsp;</p>

Ramp launches App Center for business tools integration to streamline back-office tasks

<div>
 <p>Brex, a corporate card provider, has updated its Accounting Partnership Program for accounting, bookkeeping, and outsourced CFO firms. The updated program introduces new services and product experiences specifically designed for accounting professionals.</p>
 <p>The new features of the program include a financial operations platform that automatically syncs data with ERP systems, a Brex ProAccess interface that manages multiple clients, multi-entity capabilities, support for multiple currencies, direct access to data, premium integrations, and AI-enabled accounting features.</p>
 <p>Brex mentions the updated program provides benefits like customized onboarding offers, streamlined account management, and a listing on Brex's accounting directory.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> This launch follows Brex's decision to lay off approximately 20% of its workforce in <a href="https:<br>
//sp-edge.com/updates/25854"> January 2024 </a> as part of a restructuring effort to boost profitability. Since then, Brex introduced Brex Embedded for global payments integration in <a href="https:<br>
//sp-edge.com/updates/33808"> September 2024 </a> and partnered with Navan in <a href="https:<br>
//sp-edge.com/updates/34893"> October 2024 </a> to offer integrated business travel and payment solutions.</p>

Brex updates accounting partnership program for financial firms to improve efficiency

<div>
 <p>Spendesk, a company specializing in spend management, has introduced a Procure-to-Pay solution specifically designed for businesses with up to 1,000 employees. This innovative tool seamlessly merges procurement and spend management.</p>
 <p>The newly launched Procure-to-Pay solution is packed with features including dynamic purchase request forms, customized workflows, stakeholder visibility, contract and renewal tracking, supplier management, automated accounts payable, and payment flexibility. This tool is designed to operate in conjunction with Spendesk's current spend management tools. Furthermore, it can be linked with Slack, allowing businesses to have thorough visibility and control over all operational spending.</p> 
</div> <p><b>Analyst QuickTake:<br>
 </b> This development follows Spendesk's acquisition of Okko, a procurement company, which allowed the integration of procurement processes with its existing spend management solutions, in <a href="https:<br>
//sp-edge.com/updates/28429"> April 2024 </a> . As the first European platform to offer an integrated procurement and spend management solution, the latest offering is expected to further strengthen its position in the market.</p>

Spendesk launches procurement and spend management tool for European SMBs

<div>
 <p>Monzo, a UK neobank, has launched Monzo Team, a subscription service for business clients. The service is available for GBP 25 per month and offers a three-month free trial period. It is aimed at simplifying the expense management process for businesses.</p>
 <p>The features of Monzo Team include transparent blue expense cards that enable businesses to store receipts, record the purpose of expenses, and save VAT information in the Monzo app. The plan also provides a feature allowing business owners to approve several payments at once. This augments existing functionalities like automated tax payments and compatibility with accounting platforms like Xero, Quickbooks, and FreeAgent.</p>
 
</div>

Monzo launches Monzo Team subscription plan for business customers to simplify expense administration

<div>
 <p>Brex, a corporate card provider, and Navan, a travel management company, have formed a partnership to launch BrexPay for Navan. This is a combined business travel and payment solution that integrates Brex's global payments infrastructure with Navan's travel-booking system. Companies can use their existing payment cards and gain benefits like automated receipts and reconciliation. It offers higher credit limits, local currency cards in over 50 countries, and a scalable travel program to help streamline compliance and reduce costs.</p>
 <p>The primary aim of this integration is to condense travel payments into a single workflow. This could potentially give Navan a competitive advantage as it would provide businesses with a central platform to manage both travel and payments.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> This partnership allows Brex to expand its offerings in the business travel sector, leveraging Navan's expertise in travel management.</p>

Brex and Navan partner to launch integrated business travel and payments solution

<div>
 <p>Findity, a Swedish company specializing in business expense management technology, has introduced a Real Time Card feature to its AP automation platform.</p>
 <p>This new function permits users to connect any Mastercard or Visa to Findity's platform for managing expenses, thus facilitating real-time tracking and management of business costs. Thanks to this integration, the process of reconciliation and expense reporting for businesses is greatly streamlined.</p>
 <p>All Findity customers and partners can look forward to this Real Time Card feature being available to them in the future.</p>
</div>

Findity partners with Mastercard and Visa to add real time card functionality enabling real-time expense management

<div>
 <p>Accounts payable software provider, Fidesic, is reintroducing its free version - Fidesic Free, at the Dynamics Communities Summit NA. This improved version is designed to allow businesses to trial the software with real invoices, offering a solution particularly suited to enterprises with fewer invoice needs.</p>
 <p>With Fidesic Free, users receive setup for one company, access for three users, and a limit of 100 invoice scans each month. The software also includes transactional fees only for payment fulfilment and caps at 100 invoices monthly. It is specifically designed for use with Microsoft D365 Business Central and Dynamics GP, and includes features such as data capture and processing for invoices, automated approval routing, simplified payments, and vendor management.</p>
 <p>Fidesic states that the relaunched software version helps potential customers to test the product against their own processes, provides a cost-effective option for smaller volume companies, and extends support to the SMB community.</p>
</div>

Fidesic to relaunch Fidesic Free to enhance its free product offering

<div>
 <p>Center, a software firm in the expense management arena, has launched Insights for Travel, a novel dashboard in their travel and expense (T&amp;E) solution. Through this, Users are provided a complete outlook of travel expenditure and insights that help in policy compliance and budget management.</p>
 <p>Insights for Travel assimilates real-time data on travel spending, including transactions on various platforms, giving a broad perspective on travel costs. The functionality consists of strategic dashboards presenting deep insights into departmental spend, booking habits, dealings with vendors, and policy compliance, filtered by booking categories like airfare, hotel, and car rentals. It also gives a detailed analysis of project-wise expenses by client, project, or job.</p>
 <p>Center has also enhanced its service by automating the expense procedure with Smart Receipts and digital receipts in line with IRS standards, which are automatically added to expenses having complete transaction data.</p>
 <p>According to Center, Insights for Travel helps finance and travel managers unearth inefficiencies, amend policies in advance, simplify invoicing and budget tracking, and negotiate for better rates with vendors.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> This builds on the success of Center's <a href="https:<br>
//www.prnewswire.com/news-releases/center-adds-travel-to-card-first-expense-solution-301958640.html"> recent integration </a> of travel management into its card-led solution, which has seen improved YoY adoption, reportedly including a 2x increase in T&amp;E customers and 50% growth in the company's overall customer base.</p>

Center launches Insights for Travel to provide a unfied expense management experience

<div>
 <p>Yooz, a platform for AP automation, is collaborating with Dyanix, a provider of data and information solutions. Their aim is to provide automation solutions for purchase-to-pay.</p>
 <p>Dyanix will provide its partners with a cloud-based e-invoicing solution that automates the complete purchase-to-pay process, thanks to this partnership. Yooz's AI-powered platform claims to capture and process 80% of invoices without initial configuration, handles purchase requests, generates purchase orders, and monitors invoice approvals all within one integrated system.</p>
 <p>The goal of this partnership is to improve Dyanix's partners' efficiency, reduce costs, enhance transparency, and ensure compliance.</p>
 
</div> <p><b>Analyst QuickTake</b> :<br>
 This partnership reflects Yooz’s Strategy to enhance its service offerings by providing better automation solutions. In <a href="https:<br>
//blog.trginternational.com/procure-to-pay-automation-trg-yooz"> May 2024 </a> , Yooz partnered with TRG to provide advanced P2P automation solutions.</p>

Yooz partners with Dyanix to offer automated purchase-to-pay solutions

<div>
 <p>A business expense management platform, Expend, has recently presented Card Connect, a tool that integrates data from Mastercard and Visa business cards into their digital expense management system.</p>
 <p>The introduction of Card Connect provides a solution for companies to link several business cards to a single platform, giving users the ability to view and submit all expense claims via one app. This feature also allows instantaneous visibility of card payments on the app, offering instant receipt upload and expense categorisation. Additionally, it makes the process of expense submission and approval faster.</p>
 <p>Expend suggests that Card Connect helps streamline the process of expense management, lighten administrative loads and enhance real-time visibility. The company further stresses that the feature provides flexibility by accommodating various business cards, getting rid of the need for separate logins or banking apps, and removing any potential errors that might occur due to manual data entry.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Expend's introduction of real-time integration for Mastercard and Visa business cards marks the first time a UK platform has offered such integration. The integration with leading global payment providers positions Expend as a strong competitor in the business expense management market.</p>

All Updates

Soldo partners with Crown Commercial Services to issue prepaid cards

Ramp launches App Center for business tools integration to streamline back-office tasks

Brex updates accounting partnership program for financial firms to improve efficiency

Spendesk launches procurement and spend management tool for European SMBs

Monzo launches Monzo Team subscription plan for business customers to simplify expense administration

Brex and Navan partner to launch integrated business travel and payments solution

Findity partners with Mastercard and Visa to add real time card functionality enabling real-time expense management

Fidesic to relaunch Fidesic Free to enhance its free product offering

Center launches Insights for Travel to provide a unfied expense management experience

Yooz partners with Dyanix to offer automated purchase-to-pay solutions

Expend launches Card Connect for Mastercard and Visa business card integration

Business Expense Management

Soldo partners with Crown Commercial Services to issue prepaid cards

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