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Expense Management Stories

Canadian Stories

Expense Management stories

Float raises CAD $85 million to expand AI finance platform
Software-as-a-Service

Float raises CAD $85 million to expand AI finance platform

Its valuation has jumped 70% as the Toronto fintech uses fresh capital to broaden AI tools and hire across the business.

By Karen Joy Bacudo • 4 min read • Last month

Global Stories

Expense Management stories

Mastercard expands virtual card controls with Citi first
Fintech

Mastercard expands virtual card controls with Citi first

Businesses will get tighter spend limits and transaction checks as Mastercard rolls out new virtual card controls, with Citi first to go live globally.

By Sofiah Nichole Salivio • 5 min read • Last week
Modulr appoints Jakub Zmuda & Mark Buitenhek for Europe
Fintech

Modulr appoints Jakub Zmuda & Mark Buitenhek for Europe

The payments firm is strengthening its European governance as it targets further growth across the region after reaching profitability last year.

By Sofiah Nichole Salivio • 3 min read • This month
Flex raises USD $70 million as it launches UK service
Software-as-a-Service

Flex raises USD $70 million as it launches UK service

The new capital will fund Flex's overseas expansion after annualised revenue tripled and its valuation more than doubled to USD $1.2 billion.

By Joseph Gabriel Lagonsin • 4 min read • This month
Xero unveils AI tools as customer base hits five million
Software-as-a-Service

Xero unveils AI tools as customer base hits five million

The cloud accounting group's AI push aims to cut manual work for small firms as it moves beyond bookkeeping and into cash flow management.

By Joseph Gabriel Lagonsin • 4 min read • This month
Payhawk hits USD $100 million ARR on AI-driven growth
Software-as-a-Service

Payhawk hits USD $100 million ARR on AI-driven growth

Autonomous AI agents helped the London spend management firm reach USD $100 million in ARR while trimming sales staff and lifting efficiency.

By Sofiah Nichole Salivio • 4 min read • This month
Pay.com.au adopts Zendesk AI ahead of US expansion
Software-as-a-Service

Pay.com.au adopts Zendesk AI ahead of US expansion

Centralising support has cut costs and handling times as the fintech gears up for its first US office in a $35 trillion market.

By Karen Joy Bacudo • 3 min read • Last month
Employees use AI to make fake expense receipts, survey
Software-as-a-Service

Employees use AI to make fake expense receipts, survey

Four in 10 US workers admit using AI to create bogus expense receipts, highlighting growing fraud and oversight risks for employers.

By Joseph Gabriel Lagonsin • 5 min read • Last month

Stories from Other Regions

Expense Management stories

QuoteCheck wins Insurance Business 5-star tech nod
Risk & Compliance

QuoteCheck wins Insurance Business 5-star tech nod

The recognition highlights growing insurer demand for tools that curb building repair claim inflation, with users reporting 10% to 12% savings.

By Sean Mitchell • 4 min read • Last week
Calero wins two 2026 CODiE awards for its platform
Digital Transformation

Calero wins two 2026 CODiE awards for its platform

The latest honours lift its CODiE tally to eight, underlining growing recognition for tools that help firms curb IT and market data spending.

By Karen Joy Bacudo • 3 min read • Last week
Ramp launches AI token spend tool for finance teams
Digital Transformation

Ramp launches AI token spend tool for finance teams

Finance teams can now track AI costs across providers, with Ramp saying its tool can flag waste and cut monthly spend by 12%.

By Karen Joy Bacudo • 4 min read • Last week
Ramp launches construction spend controls for projects
Digital Transformation

Ramp launches construction spend controls for projects

Construction finance teams can now spot overspending earlier, as Ramp's new tool ties project budgets, receipts and payments together in real time.

By Karen Joy Bacudo • 4 min read • This month
Payouts.com launches AI agents for finance operations
Software-as-a-Service

Payouts.com launches AI agents for finance operations

Finance teams may cut manual work as the new system handles invoices, payouts and reconciliation under guardrails and human approval rules.

By Karen Joy Bacudo • 4 min read • This month
Budgetly launches AI bookkeeping for Australian SMEs
Software-as-a-Service

Budgetly launches AI bookkeeping for Australian SMEs

Australian SMEs could save hours on month-end admin as Budgetly automates transaction coding, GST checks and receipt reviews on selected plans.

By Karen Joy Bacudo • 4 min read • This month
KPMG sees AI surge as firms struggle to prove value
Digital Transformation

KPMG sees AI surge as firms struggle to prove value

Nearly half of businesses have paused or scaled back AI projects as weak cost tracking leaves returns unproven and security gaps widen.

By Sean Mitchell • 6 min read • This month
U.S. Bank launches Enhanced Payments for small firms
Fintech

U.S. Bank launches Enhanced Payments for small firms

Small businesses can now send ACH, wire and instant payments digitally, with lower fees and no branch visit needed.

By Karen Joy Bacudo • 4 min read • This month
HMRC mileage rise exposes outdated expense processes
Digital Transformation

HMRC mileage rise exposes outdated expense processes

Employers risk reimbursement errors and compliance headaches unless expense systems are updated to reflect HMRC's first mileage rate rise in 15 years.

By Sofiah Nichole Salivio • 4 min read • Last month