Emburse Launches First in Series of Payment Solutions
Initial rollout provides integrated pre-approved virtual cards within Chrome River Expense solution >>
by: Harvey Chipkin
Emburse, the expense management and accounts payable automation company, launched the first in a series of its Emburse Pay suite of global payment solutions encompassing employee spend, reimbursement and invoice payments. In the initial rollout, Emburse Pay launches with integrated pre-approved and policy-backed virtual cards that can be issued within the company’s Chrome River Expense solution. Users simply submit pre-approval requests within Expense; once the request is approved, the employee is issued a virtual or plastic Emburse Card. The card can be restricted to approved date ranges, specific merchant types, and requested spend amounts, delivering deep levels of control and fraud prevention. Employees no longer need to use personal funds up front, while the finance team is able to proactively enforce company policy vs. retroactively dealing with out-of-policy spend. Eric Friedrichsen, CEO, said the new suite of global payment services will streamline and automate the entire process, from pre-approvals to payments and reconciliation. He said Emburse Pay will be integrated across the company’s expense portfolio.
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