Brex announces two new integration partners; SAP Concur & Xero

By Pavithra R

Brex, reimagining financial systems for growing companies, has announced a new partnership with SAP Concur for enabling its customers to automatically update and reconcile their corporate card expenses with Concur Expense. The firm has also built the best-in-class link between the Xero small business platform and any corporate credit card in the market.

The integration of Concur Expense is expected to deliver a streamlined experience for businesses looking to simplify the expense management process. Transactions on the Brex Card will automatically populate in Concur Expense, allowing daily reconciliation and automated accounting software synchronization. Besides eliminating manual work, the software creates a centralized expense view for better financial decision-making. 

“Our business is growing in scale and complexity, and with that comes the need for our finance software to work well together. The Brex-SAP Concur integration makes expense management seamless, and is also a good example of Brex’s ability to plug and play with our existing finance tech stack,” said Kevin Woo, Accounting Manager of Carbon Health.

The SAP Concur partnership is the capstone of deep investment in Brex’s new API infrastructure that facilitates other financial software providers to offer superior tools to Brex customers for enhancing customer experience. Xero, a cloud-based accounting software service provider for small businesses and their advisors, is another early API partner.

“The Brex-Xero integration streamlines accounting workflows, helping Xero users and advisors close their books faster. The powerful benefits include real-time data flows, automatic receipt matching, bank feed automation, and an integrated view across payment types,” said Andy Burner, VP of Operations, Xero Americas.

Recently, Brex announced bolstering its Brex Cash with FDIC Insurance & new Chief Legal Officer appointment.

Founded in 2017, by Henrique Dubugras and Pedro Franceschi, Brex is rebuilding B2B financial products, starting with a corporate card for technology companies. The FinTech is backed by the co-founders of PayPal (Max Levchin and Peter Thiel), Y Combinator, Ribbit Capital, Yuri Milner, and Carl Pascarella (former CEO of Visa).