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Emburse Expands Into B2B Payments With Integrated AP

Emburse Expands Into B2B Payments With Integrated AP

June 17, 2021 at 02:23AM
by PYMNTS

Emburse has rolled out its Emburse Pay – B2B Payments integrated payables offering, which lets workforces control and monitor the invoice approval and payment workflow from start to finish, according to a Wednesday (June 16) announcement.

“Our Emburse Pay suite of solutions was designed to streamline what has traditionally been a time-consuming and inefficient process – manually reconciling corporate payments,” Rajeev Subramanyam, general manager of Emburse Pay, said in the announcement. “In B2B Payments, we have taken what has traditionally been a very cumbersome process and integrated it into our AP solutions’ workflow.”

Emburse Pay – B2B Payments will let entities conserve time, decrease expenses, bolster efficiency and better the user experience. Emburse Chrome River Invoice clients can presently use the new offering, while more Emburse clients will be able to use it in future months.

WEX is serving as the “launch partner” on the offering. To that end, the FinTech services company will offer in-depth virtual card, check and automated clearing house (ACH) services that are smoothly looped into Emburse’s AP offerings.

“Partnerships are key to WEX’s strategy, and we are thrilled to collaborate with Emburse to bring this new offering to market,” Jay Dearborn, president of corporate payments at WEX Inc., said in the announcement. “Emburse understands the importance of investing in digitization as it aims to enhance seamless customer experiences across ACH, check, or virtual card payments.”

Beyond Emburse Chrome River, Emburse offers solutions such as Emburse Cards, Emburse Certify and Emburse Captio.

The news comes after Emburse launched Emburse Audit to help entities ensure that expense reimbursement is accurate and is in line with policy.

That solution makes use of machine learning (ML) in addition to a team of human auditors to conserve time, do away with wasteful spending, ensure compliance and lessen fraud, according to an announcement in May.

Emburse CEO Eric Friedrichsen referred to Emburse Audit as a smart offering that combines intelligent infrastructure and “independent human verification.”