Air base, partner of Silicon Valley Bank

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Airbase, the expense management platform for small businesses, has partnered with Silicon Valley Bank to enable the use of business cards in API integration.

This, according to a Wednesday October 6 press release, will automate the account and expense approval workflows.

SVB business cards were designed to help businesses manage their financial needs, and Airbase will add the ability to offer options to reimburse accounts payable and employee expenses.

Airbase’s software gives businesses control over card spending as well as the ability to automatically send transaction details for reservation to general ledgers.

Now, users who are not currently using Airbase will be able to sign up and access the company’s expense management solution.

“We strive to provide our customers with the best tools and processes to help them run their businesses,” said Jon Oakes, general manager of card products for SVB. “Using Airbase’s robust expense management platform and SVB’s business credit cards designed for innovators, we will enable our customers to increase control and visibility while simplifying and automating workflows. of work.

“All businesses deserve best-in-class financial products that seamlessly combine their expense management and payments workflows,” Airbase Founder and CEO Thejo Kote said in the statement.

“Thousands of companies are already using SVB for their business cards, and with this partnership – our first of its kind – we are unlocking the power of the Airbase platform to them,” he said. “The power of combining Airbase and SVB is that our joint customers can now manage all of their non-salary expenses in one place – SVB cards, invoices, reimbursements – with robust approvals, AP automation and on-time reporting. real on the state of spending in their companies.

Read also : Airbase launches real-time visibility into global spending by U.S. companies

In other Airbase news, the company in September rolled out a plan to support subsidiaries and domestic and international currencies for managing U.S. business expenses.

Companies with entities around the world will now be able to use Airbase’s expense management tools.

Expense management has undergone various changes, but has not responded to the needs of companies with international subsidiaries, which have been exacerbated by recent trends in working from home.

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