Corporate Mastercard users to benefit from no-touch itemization of Amazon Business transactions
Los Angeles and Purchase, NY (September 1, 2020) - Emburse, a global leader in expense management and accounts payable automation solutions, announced a new benefit for Amazon Business customers, thanks to a new integrated solution for Mastercard corporate cardholders. Amazon Business combines the selection, convenience and value customers have come to know and love from Amazon, with new features and unique benefits tailored to the needs of businesses. Mastercard corporate cardholders can now benefit from automated receipt generation and itemization of their expenses within their Emburse expense automation solution.
Amazon Business customers previously had to upload purchase e-receipts into their expense solution and, if their employer required line-item breakdowns of purchases, manually create an expense item for each product. E-receipts then needed to be reconciled with corporate credit cards. Leveraging merchant Level 3 card transaction data[i] eliminates the need for Amazon Business customers to manually submit their receipt to their expense management solution, following the purchase click on the Amazon Business site.
The integrated solution automatically renders e-receipts directly in the customer’s receipt wallet within the expense solution. Once in the receipt wallet, each transaction is automatically parsed into individual line items and categorized based on the customer’s purchasing history and company policies. This eliminates the need for customers to manually enter each product as a single expense, and provides much greater line-item clarity for administrators to ensure spend is compliant.
“We are proud to help business customers streamline the expense process,” said Eric Friedrichsen, CEO of Emburse. “Outside of travel bookings, Amazon is one of the most commonly expensed merchants that we see. Many of our customers are using Amazon Business for their business purchases and are looking for a solution that automates the expense process. This integration takes what was previously a time-consuming and manual task and makes it happen at the touch of a button.”
“Business-to-business payments are changing, to work harder and smarter, and capitalize on the accelerating shift to the digital economy. Mastercard is modernizing the business payment ecosystem to provide greater control, automation and efficiencies,” said James Anderson, Executive Vice President of Global Commercial Products, Mastercard. “Emburse’s solution is innovative technology supporting this digital shift, helping create smarter business payment options for a business's purchasing and expense management.”
Emburse is now a Featured Partner in the Amazon Business Partner Network.
Emburse humanizes work by empowering business travelers, finance professionals and CFOs to eliminate manual, time-consuming tasks so they can focus on what matters most.
Emburse brings together some of the world’s most powerful and trusted expense and AP automation solutions, including Abacus, Captio, Certify, Chrome River, Nexonia and Tallie. The company’s innovative offerings, which are uniquely tailored for specific industries, company sizes, and geographies, are trusted by more than 4.5 million users in more than 120 countries.
Over 14,000 customers, from start-ups to global enterprises, including Boot Barn, Grant Thornton, Telefónica, Lufthansa Systems, and Toyota rely on Emburse to make faster, smarter decisions, empower business travelers to recapture lost nights and weekends spent doing tedious expense management, and help make users’ lives - and their businesses - better.
For more information on Emburse, visit emburse.com, call 877-EMBURSE, or follow the organization’s social channels at @emburse.
About Mastercard (NYSE: MA), www.mastercard.com
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
[i] Credit card providers electronically transmit different levels of data with B2B transactions, depending on the amount of data reported by the merchant. This enables business customers to more easily manage and reconcile corporate card transactions. Level 3 is the highest level of data offered by merchants and provides customers with the following fields.