American Express and Emburse are expanding their strategic partnership with the launch of two new features—American Express Virtual Card issuance and Real-Time Transaction Data—in Emburse Enterprise Expense, an AI-powered platform that helps large organizations simplify travel, expense, invoice, and payment workflows while improving visibility and control.
With these new features, joint American Express and Emburse customers can quickly issue Amex Virtual Cards within Emburse’s platform, expense entries are created and categorized automatically with mobile notifications on-the-go, and finance teams gain increased visibility into spend as it happens.
“Expense management remains a cumbersome process for our enterprise customers. They are looking for ways to simplify the employee experience whilst strengthening policy adherence and controls. We’re thrilled to partner with Emburse to deliver an intelligent expense experience and give our customers even more from their card programs,” said Widad Chaoui, Senior Vice President of Corporate and B2B Products, American Express.
“This expansion makes it even easier for our shared customers to manage business spend with confidence and speed,” said Paul Nagy, Chief Product Officer of Emburse. “Together, we’re helping organizations simplify the way employees pay for and reconcile expenses – giving teams enhanced clarity, actionable insight and a better overall user experience.”
A virtual card is a digital payment method with a unique card number, expiration date and security code that protects sensitive financial information and helps businesses better manage expenses for employee and non-employee spending, supplier payments, and projects. Last year, American Express and Emburse introduced American Express Virtual Card capabilities within Emburse Spend, streamlining expense management for small and midsize businesses.
With American Express’ Real-Time Transaction Data capability, Corporate Card transaction data flows through expense management software as purchases happen, automatically generating and pre-populating expense submissions. This prompts mobile app notifications to Card Members to upload receipts or any other requirements and gives administrators up-to-date data. Next year, this capability will be made available to even more customers across Emburse Spend and Emburse’s mid-market solution, Emburse Professional.
Emburse offers a comprehensive portfolio of travel and expense management solutions that support organizations of all sizes—from small businesses to global enterprises.
As a leader in global business payments, American Express helps businesses automate and streamline expense management, vendor payments and business travel with a selection of powerful digital tools designed to integrate with existing systems. Terms apply.
More information on Virtual Card issuance:
- What it is: Administrators can issue American Express Virtual Cards directly within the Emburse Enterprise Expense platform —each with a unique number that brings added security, greater control, and more efficient management of both online and on-the-go spending.
- Why It Matters:
- Issue Virtual Cards Digitally and On-Demand: Administrators can quickly issue Virtual Cards for employees, contractors, or recruits, or employees can request them through pre-approvals, eliminating reimbursements and shared cards along with the inefficiencies that come with them.
- Embed Policy Controls: Virtual Cards can be pre-set with budgets, date ranges, and vendor controls, ensuring transactions align with company policy automatically.
- Add Security: Virtual Cards help reduce fraud risk with unique Card numbers that can be isolated, frozen, or replaced without disrupting the customer’s overall account.
- Availability: Virtual Card issuance is now available to all U.S. based American Express Corporate and Business customers who are enrolled in Emburse Enterprise. Terms apply.
More information on Real-Time Transaction Data:
- What it is: American Express sends Corporate Card transaction data to Emburse as purchases happen, enabling the automatic creation and categorization of expense entries and giving administrators visibility into authorized transactions. Shortly after making a purchase, employees receive mobile notifications prompting them to capturetheir receipts in the Emburse app, streamlining the entire process from swipe to submission.
- Why It Matters:
- Save Time: This feature reduces the delay between when transactions are made and when data is available in Emburse software. It also saves employees time by automatically creating expense submissions at the point of purchase, reducing manual entry and improving accuracy.
- Help Improve Compliance: Notifications are generated as transactions occur, which helps reduce missing receipts and reinforce policy adherence.
- Increase Visibility: Administrators receive more real-time access to transaction data for stronger oversight and smarter decision-making.
- Availability: Real-Time Transaction Data is nowavailable to select American Express Corporate Card customers in the U.S. who are enrolled in Emburse Enterprise. Contact your Emburse representative for more details. Terms apply.
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Tags: amex, Emburse, expense management, expensing, Small Business, travel
