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Revolutionize Expense Management with Extend’s Virtual Card Integration for Concur Invoice

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Extend Adds Virtual Card Functionality to Concur Invoice

Key Highlights:

  • Extend has integrated its virtual card functionality into the Concur Invoice platform, allowing customers to register for virtual card services using their current corporate or procurement card.
  • Concur Invoice can generate a virtual card linked to the registered corporate or procurement card, including a unique card number, spending limit, and validity date, providing better controls around payments and quicker payment of vendors.

Virtual card and spend management platform Extend has made its virtual card functionality available in the Concur Invoice platform, with which customers can register for virtual card services using their current corporate or procurement card. By integrating Extend’s functionality, Concur Invoice can generate a virtual card linked to the registered corporate or procurement card, including a unique card number, spending limit, and validity date. That can enable better controls around payments and quicker payment of vendors, according to Extend. BMO is the first issuing partner bank giving the option of Extend functionality in Concur Invoice to its card clients. Extend said more banks will be enabled over the coming months.

The Impact of Extend’s Integration

The integration of Extend’s virtual card functionality into Concur Invoice marks a significant milestone in streamlining payment processes for corporate and procurement card users. With the ability to generate virtual cards linked to existing cards, businesses can now exercise greater control over their spending and expedite vendor payments, ultimately improving their financial management practices.

Furthermore, BMO’s partnership with Extend to offer this functionality to its card clients sets a precedent for other banks to follow suit, indicating a potential shift towards widespread adoption of virtual card solutions in the corporate payment landscape.

Overall, this development holds promise for enhancing efficiency and security in corporate payments, paving the way for a more seamless and transparent financial ecosystem.


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