American Express has announced an agreement to acquire Center, a software company transforming expense management. This acquisition is set to enhance the commercial card payments experience by integrating Center’s innovative software with American Express’ corporate and small business cards.
By combining Center’s cutting-edge technology with American Express’ premium card offerings, businesses will gain access to a streamlined expense management platform that simplifies payments, automates accounting, and improves reconciliation.
“As a leader in corporate and small business cards, it is our job to deliver innovative products and services that help customers run their businesses more efficiently,” said Raymond Joabar, Group President, Global Commercial Services at American Express. “By integrating Center’s outstanding talent and technology, we can save our customers time and money and strengthen our leadership position in commercial card payments.”
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“Center was founded with the mission to drive simplicity in the user experience and make expense management as effortless as swiping your card. Since 2018, our team has built industry-leading software and delivered strong results for our customers,” said Naveen Singh, CEO and Co-founder of Center. “We have always believed that card and expense management should be deeply linked, and we believe that even more great work can be done by incorporating our capabilities and talent into American Express.”
Empowering Businesses with Smarter Expense Management
Center’s software is designed to eliminate inefficiencies in expense management by offering businesses real-time visibility into employee spending, automating manual accounting processes, streamlining expense submissions, and equipping finance teams with actionable insights for better decision-making.
With this integration, American Express aims to deliver a seamless, end-to-end expense management solution that will help businesses:
- Enhance Employee Experience: Employees will benefit from an intuitive, mobile-friendly app that simplifies expense tracking and allows them to manage business spending effortlessly on the go.
- Automate Administrative Tasks: Businesses will be able to customize their expense management programs, reducing the time spent reviewing, auditing, and posting expenses. Current Center customers report that finance teams save up to 90% of the time previously spent on these tasks.
- Ensure Compliance & Maximize Rewards: Business owners and CFOs can ensure spending remains aligned with company policies while optimizing the value of their American Express card programs.
By integrating Center’s advanced capabilities, American Express is reinforcing its leadership in commercial card payments while delivering an innovative, time-saving solution that helps businesses manage expenses more efficiently.
