Extend Partners with SAP Concur to Embed Virtual Card Services and Revolutionize Payment Management

The recently announced partnership between Extend and SAP Concur marks a significant milestone in the world of payment management. This groundbreaking deal introduces the first fully embedded virtual card experience, providing customers with a seamless journey from registration to payment within the Concur Invoice platform. Let’s take a closer look at the integration of virtual card services, the partnership with BMO, and the promising future of embedded finance.

Integration of Virtual Card Services into Concur Invoice

Companies using SAP Concur now have the ability to register for virtual card services within the Concur Invoice platform. This integration eliminates the need to navigate to external applications, ensuring a streamlined experience for users. What sets this apart is that customers can retain their existing corporate or purchasing card, providing them with flexibility and convenience.

Partnership with BMO

Extending its partnership with BMO, one of Canada’s leading banks, adds further credibility to this innovative solution. As the first issuing partner bank, BMO offers its Corporate Card customers the option to seamlessly access virtual card services embedded within Concur Invoice. Derek Vernon, BMO Commercial Bank’s Head of North American Treasury and Payments Solutions, expressed the bank’s dedication to delivering secure and convenient payment management tools for their commercial clients.

Enhancing the Banking Experience

BMO recognizes the importance of enhancing its clients’ banking experience. By integrating Extend’s virtual card functionality into Concur Invoice, BMO can provide its commercial clients with extended payment management functionality. This not only simplifies payment processes but also empowers clients to make progress towards their financial goals.

Utilizing Payment Innovation

Extend’s CEO, Andrew Jamison, believes that businesses expect more from the tools they already use. The integration of virtual card services within Concur Invoice is a direct response to this need for a frictionless experience. This partnership is a stepping stone towards a new era of embedded finance, where software companies have access to payment rails, banks can deploy services within software systems, and businesses can leverage powerful tools for managing payments.

The Promise of Embedded Finance

Embedded finance has the potential to transform the way businesses approach payment management. This landmark partnership between Extend and SAP Concur exemplifies the possibilities. With virtual card services seamlessly integrated into Concur Invoice, businesses can tap into powerful tools while maintaining their existing workflows. This heralds a future where embedded finance empowers businesses with enhanced efficiency and control over their financial processes.

Embedding Virtual Card Functionality into Concur Invoice

Extend, a virtual card and spend management solution, has successfully embedded its virtual card functionality into Concur Invoice. By doing so, they have revolutionized the way businesses manage payments. Through a user-friendly interface, Concur Invoice users can easily access virtual card services, enabling them to make payments efficiently and securely.

The partnership between Extend and SAP Concur is a monumental step towards transforming payment management. By embedding virtual card services within the Concur Invoice platform, businesses can streamline their payment processes and experience enhanced efficiency. Additionally, BMO’s commitment to delivering convenient and secure payment management tools demonstrates their dedication to serving their commercial clients’ needs. With the advent of embedded finance, the future holds even more promise, where businesses can seamlessly tap into powerful tools while maximizing their financial potential.

Explore more

AI Revolutionizes Global Telecom Roaming Optimization

In the rapidly evolving landscape of telecommunications, Shreyash Taywade emerges as a leading figure, spearheading a transformative initiative that leverages artificial intelligence (AI) and machine learning (ML) to revolutionize international roaming optimization. As the demand for seamless connectivity and mobile data usage continues to rise exponentially, largely due to data-intensive applications, pervasive cloud services, and the escalating presence of Internet

Is Your Financial Data Safe From Supply Chain Cyber-Attacks?

In an era defined by digital integration, the financial industry is acutely aware of the escalating threat posed by supply chain cyber-attacks. These attacks serve as reminders of the persistent vulnerability pervading modern financial systems, particularly when interconnected networks come into play. A data breach involving a global banking titan like UBS, through the exploitation of an external supplier, exemplifies

Was This HR Manager Forced Into Constructive Dismissal?

An intriguing scenario recently unfolded in the Industrial Court of Malaysia, shedding light on the intricacies of employment law as it pertains to constructive dismissal. This case involved an experienced HR manager who felt her working conditions had fundamentally deteriorated after being transferred to an unexpected new role. Her decision to resign was based on what she perceived as an

Anant Raj’s $2.1B Data Center Push Amid India’s AI Demand Surge

In a significant move, Anant Raj has committed $2.1 billion to bolster data center infrastructure in India, against a backdrop of increasing digitalization and stringent data storage regulations. With plans to unveil two new server farms in Haryana, the company aims to achieve a massive capacity of over 300 megawatts by 2032. India’s data center capacity is projected to grow

Wizz Air and Amex Join Forces for Flexible Travel Payments

The recent collaboration between Wizz Air, a prominent low-cost airline, and American Express has unveiled a promising chapter for travelers by offering enhanced payment flexibility. This alliance permits Amex Cardmembers to utilize their cards not only for flight bookings but also for onboard purchases with Wizz Air, ensuring a seamless payment experience. With Amex recognized for its reliable services and