Today we announced an exciting new relationship with Amazon Business and Mastercard that will make the expense process even easier when making business purchases. This is another major step toward our goal of automating the entire expense process.
Amazon is the #2 vendor, behind Uber, for discretionary corporate spend. Millions of organizations use Amazon Business to make business purchases on corporate credit cards, and many of these purchases contain multiple items. Those who need to submit expenses reports to reconcile these purchases have traditionally needed to manually break down receipts in the expense report, and create line items for each item. If you’re buying a couple of items that may not be a major inconvenience, but for purchases with several items, it can be a significant time commitment.
With this new integration, the whole process is automated, eliminating the need for any data entry - saving time and also reducing the potential for mistakes. When purchases are made via card, Chrome River will automatically generate an e-receipt and itemize the line item details.
This streamlined buy-pay-expense process saves a huge amount of time for everybody involved in expense submission and reconciliation. It also reduces the potential for fraud. Employees don’t need to provide receipts or manually itemize each item, and it’s simple for approvers to verify that each item is compliant with the organization’s policies.
As we continue our quest across Emburse to humanize work by reducing manual tasks in the expense process, we will be expanding our coverage with Amazon Business.
Chrome River and other Emburse solutions will continue to leverage the ease of use and rich data provided by corporate cards to both streamline processes and help control spend more effectively. By doing so we can eliminate any need to capture and upload a receipt image, as all of the transaction data will be transmitted directly from the card provider.
Our relationship with Amazon Business builds on previous integrations with Lyft and Uber that have been saving Chrome River users time for years. With about-two thirds of all expenses coming from the top 20 vendors, we will be launching more of these integrations across a broad spectrum of merchants and purchase types in effort to automate a huge portion of all expenses submitted. A great time saving opportunity for Mastercard network transactions, including transactions on our own Emburse Cards. Together, we are making real-time, automated expenses a reality.