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Spend Management's Granular Evolution
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The article explores the growing importance of granular enterprise spend data in 2023, driven by the adoption of virtual cards and other payment innovations. Notable marketplace announcements by companies like Expensify, Uber for Business, Conferma Pay, and Mastercard have enhanced expense management capabilities. The article emphasizes the significance of digital transformation in the corporate world and the increasing preference for digital payment methods among the younger generation.
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How can AI further optimize financial workflows and payments in the spend management space?
How might the growing adoption of virtual cards impact traditional payment methods?
What are the potential implications of the increasing preference for digital payment methods in the corporate world?
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