Virgin Money has established a partnership with Expend enabling it to add expense management services to its business banking proposition.
As part of the deal, the bank can provide businesses with the tools to better run their operations.
Expend its designed to be a one-stop shop for employees and employers to submit and manage their expenses. The London-based company, which launched in 2015, is completely scalable and helps bring greater efficiency to teams. Its goal is to reduce the gap between banking and accounting by simplifying processes.
Virgin Money interim head of business banking Graeme Sands said, “Expend offers a service that we know will provide real value to our customers. Businesses want to be able to do tasks quicker and more effectively – and this expense management service is exactly the kind of help many of them need. Not only will it solve a core business pain point, but it will also enrich the data they have, giving an accurate view of their expenditure.”
Speaking on the deal, Expend founder and CEO Johnny Vowles said, “This partnership with Virgin Money is a real statement of our intent to bring powerful spend and expense management tools into the hands of small and medium businesses.
“Being a part of this innovative project with Virgin Money is the perfect way for us to further our mission to truly automate complex processes for businesses to help maximise their time and money savings.”
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