AmEx introduces virtual card services for small businesses

Posted under: SMB
Date: 2024-03-18
AmEx introduces virtual card services for small businesses

American Express and American Express Global Business Travel (AmEx GBT) have partnered to introduce a new service tailored for small and mid-sized businesses, aimed at streamlining expense management. Through the AmEx GBT Neo1 platform, companies can issue virtual cards, set budgets, approve expenses, integrate with accounting systems, and access a travel marketplace. This integration simplifies the complex task of managing budgets, purchases, and travel, offering real-time transaction data for informed financial decision-making. The initiative addresses the challenges faced by growing businesses, providing automated expense management solutions. A mobile app complements the platform, allowing employees to capture receipts and manage bookings while on the move, ensuring oversight and control over spending. According to Fiona Hastings, Vice President of Neo1, AmEx GBT, this initiative responds to the growing complexity businesses face in managing growth, spending, and productivity.

Read more at: www.asbn.com