back Back

Emburse teams up with Mastercard & Amazon Business to simplify buy-pay-expense process

By Pavithra R

September 02, 2020

  • Emburse
  • USA
Share

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.

Previous Article

September 02, 2020

BlockFi appoints former Intermex exec Tony Lauro as Chief Financial Officer

Read More
Next Article

September 02, 2020

DBS receives approval to establish joint venture securities company in China

Read More








IBSi Daily News Analysis

digital wallets

March 01, 2024

Emburse

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

Hecto Financial eases cross-border transactions with new solution

Read More

March 01, 2024

Marqeta & AffiniPay team to launch SMB credit card solution

Read More

March 01, 2024

Viva.com activates Cartes Bancaires on Tap to Pay on iPhone in France

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023