Airbase, a diversified expense management solutions provider, has expanded its product to include spend analytics and vendor management capabilities. The product, directed toward mid-market and larger organizations, simplifies and automates spending oversight and approval processes.

The software's new features offer users an in-depth view of company expenditures, vendor performance, and risk analysis. These features join the platform's existing modules for procurement guidance, accounts payable and expense management, and physical and virtual corporate cards.

The company claims that the updated features of the product are designed to accelerate critical decisions by offering real-time insights into all spending. Users can easily access strategic data, enabling them to manage vendor relationships, assure compliance, and improve business decisions.

Analyst Quicktake: With the addition of the new module, Airbase is positioning its product to provide a complete and unified expense management solution empowered with AI to streamline and automate tasks.