Emburse, whose travel and expense solutions power forward-thinking organizations, announced a strategic relationship with Finexio, the fast-growing Accounts Payable (AP) Payments as a Service company.
The partnership offers Emburse customers a route out of manual, fraud-prone AP processes in what the release sized as the $125+ trillion B2B payments market. Finexio’s AI-powered platform draws on industry-specific data and advanced algorithms to optimize payment conversions while honoring supplier preferences.
The payment options span Mastercard virtual cards, FinexioExpress, Card by Mail, ACH, and checks, and the release positioned the alliance as a way for finance teams to move AP from a cost center to a profit generator through rebates, spend visibility, and fraud protection.
“Our customers are increasingly looking for payment options that can help them deliver greater value for their organizations; Finexio’s payments-as-a-service will help them do exactly that,” said Marne Martin, CEO of Emburse.
“For nearly a decade, Finexio has been at the forefront of revolutionizing AP payments for organizations across diverse industries,” said Ernest Rolfson, CEO of Finexio. “We’re thrilled to welcome Emburse’s customers to our rapidly expanding network of forward-thinking businesses.”Read the original publication (opens in a new tab)