PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Payhawk Announces Its Entry To The U.S. Spend Management Market

Ben Danner by Ben Danner
September 13, 2022
in Analysts Coverage, B2B
0
Startup Launches Digital-First Expense Management Mastercard spend management

Startup Launches Digital-First Expense Management Mastercard

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

In the business world, fintech is revolutionizing the way that companies manage their spending. In the past, businesses had to rely on paper invoices and manual tracking of expenditures. This was time-consuming and inefficient, often leading to late payments and missed discounts. Thanks to spend management tools, businesses can now track their spending in real-time, ensuring that they always get the best prices for their purchases. In addition, spend management tools can help businesses to negotiate better payment terms with suppliers, resulting in significant savings. As fintech continue to evolve, businesses that adopt these tools will be well-positioned to stay ahead of the competition.

Today, London-based spend management platform Payhawk announced it is coming to the U.S. market. The company will join a competitive market of expense management platforms and commercial card providers.

Here is how the spend management company describes the offering:

“Alongside its unique global footprint, Payhawk differentiates itself through its strong enterprise focus. It offers market-leading native integrations with multiple enterprise ERP systems for real-time reconciliation, spending policy features to help finance leaders implement governance and control at scale, and the ability to manage multiple international entities in a single platform. To date, Payhawk already serves scaleups and enterprises in 32 countries.”

Hristo Borisov, co-founder and CEO, Payhawk, described the value proposition as follows: 

“A significant proportion of scaling companies in Europe have US operations, and before today, they were forced to use multiple credit card issuers, making the controlling and reconciliation process for finance teams a nightmare. The same is true for US companies with European operations where the number of currencies and payment systems can be daunting.”

There is currently a waitlist for an October launch date and early adopters of their U.S. Visa credit card are being rewarded with a 1.5% cashback offering. The company reports that 10% of its customer base has already subscribed to the waitlist.

For more information on this topic, Mercator Advisory Group recently released a report on the North American commercial credit market as well as a study on expense management platforms.  

Overview by Ben Danner, Research Analyst at Mercator Advisory Group.

Tags: Credit CardsExpense ManagementPayhawkspend management
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    open-banking Data-Sharing as a Solution to Cash Flow Issues standa

    Disjointed Open-Banking System in U.S. Leaves Opening for Permissioned Data Providers

    September 29, 2023
    FedNow

    FedNow Could Mean a Renaissance for Smaller Financial Institutions

    September 28, 2023
    Best Merchant Practices for Dealing with Supply Chain Disruption

    Nearly Half of Merchant Data is Probably Wrong. Here’s Why it Matters.

    September 27, 2023
    Mitigation of P2P Fraud Begins with Education

    Mitigation of P2P Fraud Begins with Education

    September 26, 2023
    digital payments

    Mass A2A Payment Adoption in The U.S. Contingent on Compelling USP

    September 25, 2023
    cashless payments mobile

    The Synergy Between Cashless Payments and Seamless Mobile Coverage

    September 22, 2023
    The Power of AI and How its Transforming the Financial Landscape

    The Power of AI and How It’s Transforming the Financial Landscape

    September 21, 2023
    “You’re a Fintech, I’m a Legacy Bank – How Can We Collaborate?”

    Investing in Fintech: Opportunities and Challenges in the Payments Industry

    September 20, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result