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American Express & Emburse bring integrated expense management solutions to SMEs

By Delisha Fernandes

May 22, 2024

  • American Express
  • Bill Payments
  • Emburse
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America Express, Fintech News, APAC expansion, Appointment news, Fintech APAC, Sharon Chew, Vice President, General Manager, Global Merchants Services Asia, Asia News, Payments Processing, Cards Processings,American Express, a leader in global business payments, has partnered with Emburse, a provider of travel and expense software, 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.

“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.

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 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.”

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