Emburse continues to bulk up its corporate payment offerings, launching a new pre-approved payment card service integrated within the conglomerate's Chrome River expense platform. Dubbed Emburse Pay, the system is built around cards that can be pre-approved for specific expenses requested through Chrome River.
Once a requested expense is pre-approved, the employee is issued a virtual or plastic prepaid Visa Emburse Card. The card can be restricted for use within particular date ranges, specific merchant types and/or requested spend amounts, enabling spending managers to ensure policy compliance and prevent out-of-policy spend, Emburse said. When an employee uses the Emburse Card for an approved expense, they receive a real-time notification prompting them to capture an image of the receipt. The uploaded receipt then is automatically matched with the transaction record and an expense line item is created.
Chrome River is the second expense brand under the Emburse umbrella to launch a companion payment card, following Abacus, which added an integrated card in February—a month after the company rebranded under the overarching Emburse banner. Emburse plans to roll out additional payment cards under its other brands—including Certify, Nexonia and Tallie—in the future, and Emburse CEO Eric Friedrichsen said a broader corporate payments initiative will add a range of additional capabilities around expense payments, reimbursement, spend workflow and accounts payable payments.
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August 04, 2020 at 07:03PM
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Emburse Adds Payment Piece to Chrome River - Business Travel News
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