Emburse has launched a new travel and expense mobile app incorporating Emburse AI to make it easier for employees to submit expenses and for managers to approve them. The newly refreshed Emburse Enterprise app uses artificial intelligence to accurately capture receipts, autopopulate expense details, streamline expense reporting and accelerate reimbursement. “It delivers a smooth, intuitive experience that accelerates reimbursements and payments while helping enterprises track and control their spend,” Emburse Chief Product Officer Paul Nagy said. “Accuracy is significantly boosted across language, currency and handwritten values.” For business travelers, Emburse Enterprise provides multilingual functionality and AI-powered OCR transcription, smart receipt capture that eliminates the need for paper receipts and manual data entry, and a personalized dashboard that provides a clear starting point for the capture, review and submission of expenses. For managers, the mobile app supports both full and partial expense report approval, so approvers can take action on relevant line items without waiting for other approvers to handle the other line items. Where application, Emburse Enterprise can also enable approvals of pre-approvals, invoices and purchase orders.
FIS next-gen enterprise treasury platform runs on public cloud and enables harnessing data from multiple sources such as ERP systems and bank APIs, to enable cash-management analysis in real time
FIS has launched its next-generation enterprise treasury platform, Treasury and Risk Manager – Quantum Cloud Edition. This cloud-native solution can support increased workloads, larger transaction volumes, and increased enterprise connectivity, scaling these capabilities to provide CFOs and corporate treasurers with greater visibility of risks; improved data-driven decision-making; and faster, more efficient money movement. FIS is launching its enhanced solution as CFOs and corporate treasurers increasingly need to accelerate performance across their technology infrastructure. According to EY, 65% of businesses have made strategic investments in the cloud, but only 32% are achieving their goals for the technology, a dynamic that reinforces the importance of true scalability for more effective cloud-based ecosystems. By running on a public cloud, this solution not only features stronger data processing power and connectivity, but also can provide a new level of flexibility for quicker implementations, faster product upgrades and more seamless rollouts of new capabilities. In addition to leveraging the power of the public cloud, this version of FIS’ treasury and risk management solution offers a new Liquidity Hub module for harnessing data from multiple sources – such as enterprise resource planning systems and bank APIs – to enable cash-management analysis in real time.
Nuvo to extend B2B trade infrastructure- enabling companies to exchange critical trust signals, including verification status, creditworthiness, banking information, and trade history
Nuvo has raised $45 million to extend its B2B trade infrastructure into new verticals and deepen its reach in its core markets. Nuvo is building the infrastructure to transform how businesses connect, trade, and grow. By enabling companies to exchange verified profiles with potential partners, Nuvo provides instant access to critical trust signals, including verification status, creditworthiness, banking information, and trade history, allowing businesses to activate new partnerships quickly and confidently. With identity, connectivity, and trade data in one place, businesses can expand their customer and vendor networks more easily, scale faster with less risk, and unlock growth and resilience. The company’s infrastructure is used by more than 50,000 businesses to activate new partnerships with customers and vendors and manage their trade relationships. With the new funding, Nuvo will deepen its reach across core markets such as alcohol and beverage, building materials, chemicals, food service, distribution, and manufacturing, while extending into new verticals. As the network grows, modern payments infrastructure and AI systems will power the intelligent foundations needed to connect and coordinate trade between 50 million global businesses. “Continued innovation, growth and accessibility of goods in the global economy require a new kind of technology infrastructure, and that’s what we’re building at Nuvo,” Sid Malladi, co-founder and CEO of Nuvo, said.
Kojo procurement platform for construction launches AI tool suite to instantly compare pricing across multiple suppliers; forecast material cost changes and availability; identify cost-saving opportunities
Kojo, the construction procurement platform, launched a new suite of AI-powered tools designed to help contractors reduce the impact of rising material costs. As pricing volatility driven by global tariffs continue to put pressure on margins, Kojo’s latest innovation gives contractors a competitive edge by making sourcing faster, smarter, and more cost-effective. Kojo’s AI tools are integrated directly into the workflows that field and office teams already use, so adoption is seamless. With over 500 contractors managing billions of dollars in material spend through Kojo, the platform is quickly becoming the industry standard for intelligent procurement. The new AI tools help contractors: Instantly compare pricing across multiple suppliers; Forecast material cost changes and availability; Identify cost-saving opportunities to source from your own warehouse and bulk buys; and Automate purchasing recommendations based on historical data and supplier trends. “Contractors are navigating one of the most volatile materials markets in decades,” said Maria Davidson, CEO of Kojo. “Our AI suite is designed to take the guesswork out of procurement. It puts real-time intelligence in the hands of project teams so they can stay ahead of price spikes, supply issues, and project delays.”