American Express Company (NYSE:AXP) is expanding its long-standing relationship with tech giant Microsoft (NASDAQ:MSFT) to develop various solutions focused on reducing business travel friction for employees and businesses, the companies said Thursday.
All of the solutions will be built on Microsoft Cloud and artificial intelligence technologies. The first one is set to enhance clients’ existing expense management processes by simplifying and automating manual expense reporting and approvals, bolstering audit efficacy, and streamlining reconciliation and reimbursements for accounting teams.
That particular solution, through the use of AI and machine learning capabilities, will be piloted by Microsoft (MSFT) later in 2023 via integration into the company’s internal expense system. Other American Express Corporate clients will gain access to the solution over time.
“Every company has an increased need for control and compliance with expenses,” said Gunther Bright, executive vice president, Global Commercial Services at AmEx. “Now imagine a future where the majority of your expenses are simply ‘auto-submitted’ and ‘auto-approved,’ requiring no manual intervention and adhering to your companies’ policies and spend limits.”
At the end of January, AmEx rolled out Business Blueprint in small business push.
American Express works with Microsoft to reduce business travel friction
- Advertisment - 
Recent Comments
on Dubai International Airport sees 41.6 million passengers in first half of year, more than in 2019
on Devout athletes find strength in their faith. But practicing it and elite sports can pose hurdles
on Despite strong Lunar New Year holiday data, consumer spending in China isn’t roaring back just yet
on Dave Portnoy: Taylor Swift’s security should ‘drag Kim Kardashian to jail’ if she attends Eras Tour
on CONCEPT ART: New Details Revealed for Disney Cruise Line Lookout Cay at Lighthouse Point Destination
on “Completely Knocked Me Out”: Rob Lowe Recalls Boxing Match With Tom Cruise On 1983 Brat Pack Classic
on CBS Sports, Serie A announce new TV rights deal; Paramount+ to air over 400 Italian soccer matches
on Cam Newton’s Violent Public Incident Draws Hilarious Reaction From 3x All-Star: “Where Do I Sign Up
on Boston College vs. Army live stream, how to watch online, CBS Sports Network channel finder, odds
on Angel Reese Launches Foundation Dedicated To Empowering Women Through Sports & Financial Literacy
on A weaker dollar, skyrocketing prices and ‘record’ visitor numbers: Good luck in Europe this summer