Brex, the smart finance platform, is now the first fintech global issuer integrated into Oracle Fusion Cloud ERP, driving Oracle’s B2B payments through Mastercard integration. The collaboration allows businesses to process supplier payments from ERP workflows while gaining control, visibility, and compliance.
Global businesses struggle with managing payments in different currencies and banking systems. Brex virtual cards make things easier by facilitating more than 30 currencies, speeding up reconciliation, generating centralized visibility, and providing spend controls such as single-use numbers, merchant limitations, and audit trails. Users can also access rebates and rewards, making accounts payable a possible profit center.
“Oracle is one of the most respected names in enterprise software, and we’re thrilled to provide this integration as the first fintech global issuer for Oracle’s embedded B2B payments solution,” said Art Levy, Chief Business Officer, Brex. “Together, we’re enabling enterprises to simplify global payments, move at pace with control, and unlock new value from spend.”
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Catherine You, Group VP at Oracle, added, “Incorporating Brex into ERP workflows makes business more efficient while enabling them to capture value from mundane spend.” Robinhood’s Senior Director, Gaurav Saxena, said that the integration provides increased visibility, control, and efficiency at scale.
Brex has already handled close to $2B in annualized payment volume within its first year, pointing to the increasing need for global card solutions integrated seamlessly. The partnership puts Brex and Oracle in a position to streamline financial operations, enhance compliance, and catalyze new growth opportunities for global businesses.
