Pivot Payables, a fintech company delivering corporate financial operations solutions, announced on Oct. 15 a new integration with American Express, enabling American Express U.S. Business and Corporate Card members the ability to generate virtual cards within PivotLynx, Pivot Payables’ accounting automation application, ensuring requests are routed to managers for budget approval and cost accounting.
To achieve this integration, Pivot Payables is participating in the American Express Sync Commercial Partner Program.
“We are teaming up with American Express to give our customers access to the control, enhanced security, and cash flow management that come with using an American Express virtual card, alongside the PivotLynx application,” John Toman, chief product officer and co-founder of Pivot Payables, said in a statement. “The integration helps us provide an elevated user experience and more value to our customers.”
The integration allows virtual card spending controls to be individually applied. At statement closing, PivotLynx automates the reconciliation between the card statement and the general ledger, eliminating manual accounting steps.
Eligible American Express U.S. Business and Corporate Card members using virtual cards in PivotLynx can:
- Establish specific controls for each on-demand virtual card payment, including setting spending limits or expiration dates, and changing controls or deactivating on-demand virtual cards at any time.
- Help manage budgets specific to projects and maintain visibility and control over spending with spending limits and expiration dates.
- Access virtual card transaction data within the PivotLynx platform, reducing manual processes and improving reconciliation.
Enrollment is required, and fees may apply. To learn more, click here.
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Tags: Accounting, Payroll, Small Business
