The pandemic accelerated the way we think about payments, but how do we ensure the future of payments and expense management? What are the main challenges companies face today?

The shift to digital has transformed many aspects of business. Companies quickly adopted online shopping, remote collaboration tools, and digital communication platforms. However, financial processes have often been the last to go fully digital. Whether due to concerns about complexity, lack of resources, or simply uncertainty about where to start, many businesses still struggle to modernize their spend management systems.

Supporting companies without replacing their banks

For many businesses, switching banks is not an option. That’s why our vision has always been to empower financial institutions to better serve both SMEs and large corporations by offering seamless, secure, and fully integrated solutions for handling cards, payments, and expenses.

Managing payments and expenses should be effortless. No one wants to juggle multiple logins and fragmented systems just to keep track of company spend. By going fully digital, businesses can streamline their processes and gain better control over expenses.

The shift in spending habits

One of the key trends that emerged during the pandemic was the shift in how companies distribute purchasing responsibilities. Employees were given more autonomy to buy what they needed—whether home office equipment or work-related software—leading to increased flexibility but also new challenges in spend control. With hybrid work now a norm, businesses need stronger oversight to manage expenses efficiently.

Going digital and virtual

The adoption of virtual cards is a key step toward modernized spend management. While reducing environmental impact is one benefit, the real advantage lies in the enhanced control they provide. Virtual cards offer:

• Instant issuance – Companies can issue virtual cards to employees in real time.

• Better oversight – Businesses always know what is being spent and can instantly activate or deactivate cards.

• Stronger spend controls – Companies can set limits on both spending amounts and categories.

• Reduced plastic waste – The payments industry contributes significantly to plastic pollution. Virtual cards eliminate the need for physical cards and the resources required to produce and distribute them.

By integrating spend management solutions directly into the services financial institutions offer, we help banks and their corporate clients improve efficiency, security, and control. The future of payments and expense management is digital—ensuring businesses can operate with greater transparency and flexibility.