SAN FRANCISCO–(BUSINESS WIRE)–Airbase, the one complete spend administration platform obtainable for small and mid-market corporations, has in the present day introduced a partnership with Silicon Valley Financial institution (SVB), the financial institution of the world’s most modern corporations and their buyers. SVB’s enterprise playing cards can now be used with Airbase’s spend administration software program by way of an API integration, which automates accounting and spend approval workflows.
SVB enterprise bank cards are designed for modern corporations and buyers of all levels to handle their monetary wants as they scale their companies. Airbase’s subtle software program capabilities present corporations with wonderful card spending management and the flexibility to transmit transaction particulars for reserving to their basic ledgers mechanically. SVB enterprise bank card clients will even profit from Airbase’s accounts payable and worker expense reimbursement capabilities.
“As extra monetary establishments deal with strengthening their digital choices, it is important that they select the correct know-how companions,” says Thejo Kote, Founder and CEO at Airbase. “We’re excited to launch this strategic partnership with SVB. All companies deserve best-in-class monetary merchandise that seamlessly mix their spend administration workflows and funds.
“Hundreds of companies already use SVB for his or her enterprise playing cards, and with this partnership — our first of this type — we’re opening up the ability of the Airbase platform to them.
“The facility of the mix of Airbase and SVB is that our joint clients can now handle all their non-payroll spending in a single place — SVB playing cards, payments, reimbursements — with sturdy approvals, AP automation, and real-time reporting on the state of spend of their companies.”
Jon Oakes, Managing Director of Card Merchandise at SVB, says, “We’re centered on offering our purchasers with the perfect instruments and processes to assist them run their companies. By means of Airbase’s sturdy spend administration platform and SVB’s enterprise bank cards designed for innovators, we’ll allow our purchasers to extend management and visibility whereas simplifying and automating workflows.”
Silicon Valley Financial institution purchasers not presently utilizing Airbase can join to make use of the Airbase spend administration answer immediately. New Airbase clients can select between utilizing Airbase or SVB enterprise playing cards upon onboarding.
Airbase is the one complete spend administration platform for small and mid-market corporations. It combines all-inclusive accounts payable automation, software-enabled company playing cards, and simplified worker expense reimbursements. Airbase applies constant approval workflows throughout all areas, automates accounting, and gives real-time reporting for all non-payroll spend. Revolutionary accounting automation leads to a sooner shut, higher visibility, and true management. Most corporations depend on a mix of siloed software program merchandise, spreadsheets, and guide workarounds to pay distributors and reimburse staff. Airbase eliminates the ensuing messy tech-stack and inefficient processes by changing merchandise like Expensify and Invoice.com. Airbase empowers staff with a uniform method to spending cash, whether or not that entails company card spend, elevating a PO, or requesting reimbursement.
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Airbase additionally hosts “Off the Ledger”, a Slack group for over 2,500 finance professionals that’s a personal area for networking, recommendation, and members-only occasions. Finance professionals solely can apply for membership at: https://www.airbase.com/off-the-ledger-finance-and-accounting-slack-group
About Silicon Valley Financial institution
For almost 40 years, Silicon Valley Financial institution (SVB) has helped modern corporations and their buyers transfer daring concepts ahead, quick. SVB gives focused monetary companies and experience by way of its places of work in innovation facilities world wide. With business, worldwide, and personal banking companies, SVB helps deal with the distinctive wants of innovators. Study extra at svb.com.
Airbase is an impartial third celebration and isn’t affiliated with SVB Monetary Group. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW, and the chevron system are emblems of SVB Monetary Group, used below license. Silicon Valley Financial institution is a member of the FDIC and the Federal Reserve System. Silicon Valley Financial institution is the California financial institution subsidiary of SVB Monetary Group (Nasdaq: SIVB).
New Company and Enterprise Card applications are topic to credit score approval. For full particulars concerning the SVB Company or Enterprise Card, together with relevant charges and phrases and situations of the Card program, please see the SVB Company or Enterprise Card Phrases and Situations for full program particulars. All credit score merchandise and loans are topic to underwriting, credit score, and collateral approval. All data contained herein is for informational and reference functions solely and no assure is expressed or implied. Charges, phrases, applications, and underwriting insurance policies are topic to alter with out discover. This isn’t a dedication to lend. Sure phrases, situations, exclusions, and limitations apply, together with a restrict on money advance capabilities.