Brex Unveils All-In-One Financial Solution For Businesses
SAN FRANCISCO, CA - April 26, 2021 - Brex, the company reimagining financial systems so growing businesses can realize their full potential, today unveiled an all-in-one-finance solution that brings credit cards, business cash accounts, and new spend management and bill pay software together in a single dashboard. With the latest offerings, the company further addresses the needs of its growing customer base of small and medium sized businesses (SMBs).
“Growing and maintaining a business should not depend on how good a small business owner is at managing their finances,” said Cosmin Nicolaescu, Brex CTO. ”Our all-in-one finance solution gives business owners peace of mind, and the time back to do more of what they love and remember why they started their business.”
SMBs are consistently dealing with time consuming tasks like managing cash flow and forecasting spend, and almost all of their finance and control tools are spread across various platforms, making it difficult to maintain and manage their finances.
Brex’s all-in-one finance solution provides business owners with professional-level software, so they can do more and manage their spend more effectively. Features include enabling responsible employee spending by issuing corporate and vendor cards, while avoiding the hassle of personal reimbursements or expense reports. Companies can also track expenses across the business so they can compare trends across departments, general ledger accounts, merchants, and individual employees.
SMBs can also utilize intelligent spend alerts to streamline costs and be more strategic about their finances through Brex’s new Premium offering. Premium customers can set up and manage spend policies across the company so they can proactively view spend through request and approval flows and automated expense policies, while only being alerted to out-of-policy transactions that need review. Customers can also schedule and pay bills faster and smarter with the bill pay capabilities available to Brex Cash customers with Premium.
“The comprehensive suite of Cash, credit card and Bill Pay is shaping Brex to be a solid replacement of traditional banking for the small business,” said Ofek Hayon, COO, TuneGO, Inc. and Brex customer.
The all-in-one-finance products and spend management tools offered in Brex Premium will be available to Brex customers for $49 a month, payable in dollars or Brex points. Learn more, or sign up for a free 30-day trial at brex.com/product/premium.
Brex is all-in-one finance for growing businesses. We help companies spend, save, and earn smarter—and take every dollar further—by doing more than a bank, bookkeeping, or reward program could ever do alone. After completing the Y Combinator accelerator program in 2017, Brex has grown to over 600 employees and raised over US$940 million in venture capital. Learn more at brex.com.