Expense Management stories

Fintech platform Flex raises USD $60 million to expand its AI-driven banking and personal finance services for middle-market business owners.

By 2026, AI, data governance, and automation will transform business practices, driving transparency, trust, and proactive finance management across industries.

AI audit tools could reduce the 14% overspend on employee expense claims, saving firms time and money by detecting non-compliance and fraud with 97% accuracy.

Soldo launches new tools to reduce finance teams' admin workloads, enhancing control over spend, travel expenses, invoice processing and reporting.

Aspire launches AspireOS, a modular AI-powered platform helping banks modernise SME business banking without replacing core systems.

Calero wins two 2025 CODiE Awards for Best IT Management and Financial & Market Data Solutions, marking its sixth win since 2020.

UK finance teams face slow expense claim approvals and vague submissions, with 27% taking over a month and GBP £60 million in claims analysed.

Embedded finance is revolutionising remote work benefits, enabling personalised, flexible options with real-time control and boosting employee satisfaction and retention.

Sage upgrades Intacct with AI automation, boosting finance teams’ efficiency and transparency in the US, UK, and other markets from December.

Advanced AI and automation are rendering traditional accounts payable obsolete, with CFOs now leading the shift to faster, more secure, data-driven finance processes.

Supervity launches its AP AI Command Centre to automate invoice-to-pay finance tasks, cutting processing times by 90% and boosting payment accuracy for firms.

Artificial intelligence is transforming travel and expense management, helping businesses cut costs, reduce admin, and improve financial decisions seamlessly.

UK software group ISH acquires Australian fintech ProSpend to enhance its global footprint and expand UK market presence from 2026.

MYOB wins the Australian Financial Review’s innovation award for its Solo app, helping 1.6 million sole operators manage finances and admin with AI tools.

Rydoo leads Gartner's 2025 expense management report with a 95% user recommendation, thanks to its AI-powered software used by over 1 million customers globally.

OCS New Zealand is the first globally to deploy Esker's full AI-driven finance automation suite, enhancing efficiency and accuracy in its financial operations.

SAP Concur and Amex GBT have launched Complete, a unified AI-powered travel and expense platform set to transform corporate business travel globally.

Most Australian finance departments now widely use AI and automation, with 86% adopting AI and 99% employing automation in core operations, says study.

Finance leaders can enhance spend compliance by focusing audits on high-risk areas, using AI, automating checks, and applying data analytics for stronger controls.

Cardiff-based ANNA Money has been named among the UK's top 150 fintech firms in CNBC's inaugural UK Fintech Companies Special Report.