4Hoteliers
SEARCH
SHARE THIS PAGE
NEWSLETTERS
CONTACT US
SUBMIT CONTENT
ADVERTISING
American Express GBT launched new integration to streamline spend management
Monday, 11th March 2024
Source : American Express Global Business Travel (Amex GBT)

American Express and American Express Global Business Travel launch new integration to help streamline spend management for small businesses.

What it is:

American Express, a leader in global business payments, and American Express Global Business Travel (Amex GBT)1, a leader in B2B software and services for travel and expense, announce a new integration to help small and mid-sized businesses manage their spend and expenses.

American Express is making it possible for businesses to issue a virtual Card (a dynamic payment option that replaces a physical card number with a digital Card number) for their employees via Amex GBT Neo1, a spend management platform. U.S. Card Members must enroll in Amex GBT Neo1. Once enrolled, Card Members can simply add eligible American Express® Business or Corporate Card accounts into the platform2.

The seamless integration of American Express virtual Cards into the Amex GBT Neo1 spend management platform supports automated expense management processes by combining the capabilities of an expense system, procurement platform, online business travel booking tool, and virtual Card issuance into a single smart ecosystem.

Amex GBT Neo1 Virtual CardWhy it matters:

  • The new American Express and Amex GBT integration provides small and mid-sized businesses with better visibility and control over a range of employee spend including budgeting, purchasing with virtual Cards, booking business travel, and streamlined expense processing.
  • Manual employee expense management processes cost businesses significant time and money and are prone to human error – issues that are only magnified for small and mid-sized businesses with more finite resources. More than a third (37%) of financial leaders say processing expense reports is a drain on time, according to Amex GBT.
  • Digital payments like virtual Cards can help address these issues, as they help automate the expense management process, including employee spend management, with the option for employers to set specific spending controls and permissions.
  • Businesses are looking for a seamless management solution that minimizes the traditional complexities of manual expense processes.

How it works:

With the new integrated features in Amex GBT Neo1, businesses can set budgets, and issue American Express virtual Cards as payment options with controls that support their business needs and help make better, faster purchasing decisions.

The new integration provides customers with:

  • All-in-one platform: Businesses can approve and manage budgets, connect accounting systems, efficiently submit, reconcile, and approve payments in one place, and configure visual dashboards for greater visibility into company spend.
  • Travel: Businesses can access Amex GBT’s marketplace, with comprehensive and competitive air, hotel, car and ground transportation services along with exceptional 24/7 traveler support.
  • Virtual Cards: Businesses can generate and assign American Express virtual Cards to specific users with flexible parameters to control employee spending, while also enabling individuals to spend online or at point-of-sale through their mobile wallet.
  • Transaction Data: Businesses get near real-time visibility to review and reconcile spend within a single platform.
  • Built-In Integrations: Businesses have the ability to access built-in integrations to leading supply marketplaces, and finance systems without the need for complex system integration.
  • Mobile App: Businesses have app access to capture receipts and book travel on the go.

Who it’s for:

American Express’ integration with Amex GBT Neo1 is available for small to mid-sized U.S. businesses with eligible American Express®S. Business or Corporate Cards that are seeking an easy way to plan, monitor, purchase, approve, and reconcile employees’ business spending.

 Latest News  (Click title to read article)




 Latest Articles  (Click title to read)




 Most Read Articles  (Click title to read)




~ Important Notice ~
Articles appearing on 4Hoteliers contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.
© Copyright 4Hoteliers 2001-2024 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here
Use of this web site is subject to our
terms & conditions of service and privacy policy