Emburse teams up with Mastercard & Amazon Business to simplify buy-pay-expense process
By Pavithra R
Emburse, a global leader in expense management and accounts payable automation solutions, has announced a new benefit for Amazon Business customers through a new integrated solution for Mastercard corporate cardholders.
Amazon Business combines the convenience, selection, and value customers require with new features and benefits tailored to the needs of businesses. Mastercard corporate cardholders can now experience automated receipt generation and itemization of their expenses within their Emburse expense automation solution.
Previously, Amazon Business customers had to upload purchase e-receipts into their expense solution and, if their employer required line-item breakdowns of purchases, customers had to manually create an expense item for each product. E-receipts then needed to be reconciled with corporate credit cards.
“We are proud to help business customers streamline the expense process. 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,” said Eric Friedrichsen, CEO of Emburse.
Leveraging merchant Level 3 card transaction data removes 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 renders e-receipts automatically into customer’s receipt wallet within the expense solution. Once in the receipt wallet, the transaction is parsed into individual line items automatically and categorized based on the customer’s unique purchasing history and company policies. This eliminates the requirement for customers to manually enter each product as a single expense, and provides greater line-item clarity for administrators to ensure spend is compliant.
“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. Emburse’s solution is innovative technology supporting this digital shift, helping create smarter business payment options for a business’s purchasing and expense management,” said James Anderson, Executive Vice President of Global Commercial Products, Mastercard.
Recently, Emburse launched Emburse Pay with pre-approved & policy-backed virtual cards.
Founded in 2020, Emburse offers intuitive, trusted, and powerful expense management and AP automation solutions. Its solutions are designed to meet the demands of the workforce, and its technology empowers employees and keeps spending in compliance.
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