SAN FRANCISCO – (COMMERCIAL THREAD) – Brex, the company that is reinventing financial systems for growing businesses, today announced a new partnership with SAP Concur allowing Brex customers to automatically update and reconcile their corporate card spending with Concur ® Expense. At the same time, Brex has also built the best link between the Xero small business platform and any business credit card on the market.
Concur Expense integration provides a streamlined experience for companies looking to simplify the expense management process: Brex Card transactions are automatically populated in Concur Expense, allowing daily reconciliation and automated synchronization of accounting software. In addition to eliminating tedious manual labor, the software creates a centralized view of expenses for better financial decision making.
The SAP Concur partnership is the cornerstone of a significant investment in the new Brex API infrastructure which enables other financial software vendors to offer superior tools to Brex clients, thereby enhancing the Brex client experience. The goal of Brex is to build the necessary infrastructure to support businesses as they mature and their financial needs change. This includes both its own proprietary expense management and accounting software, as well as support for tools from leading industry vendors.
“Our business is growing in size and complexity, and with that, it is necessary that our finance software works well together. The Brex-SAP Concur integration makes spending management transparent and is also a good example of Brex’s ability to connect and play with our existing financial technology stack, ”said Kevin Woo, chief accounting officer of Carbon Health, a technology-driven healthcare company that is transforming the experience of primary and emergency care.
Another early-day Brex API partner is Xero, a cloud-based accounting software service provider for small businesses and their advisers. “The Brex-Xero integration streamlines accounting workflows, helping Xero users and advisors close their books faster,” said Andy Burner, vice president of operations, Xero Americas. “The powerful benefits include real-time data feeds, automatic receipt matching, automation of bank feeds, and an integrated view of all payment types. ”
Brex is reinventing financial systems so that every growing business can realize its full potential. With an innovative approach to business credit cards and cash management, Brex is creating a radically better way for its customers to save and spend money. Brex has raised over $ 400 million in funding and is backed by partners such as Y Combinator Continuity, Kleiner Perkins and the founders of PayPal. Learn more about Brex.
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