Payhawk, a global leader in spend management solutions, today announced a new integration with Mastercard to offer businesses in the U.S. and Canada real-time visibility into their card transactions within the Payhawk platform. These businesses will also be able to take advantage of enhanced spend controls on their eligible Mastercard corporate and business cards, all while staying with their existing issuing bank and benefiting from a next-generation spend management platform.

Hristo Borisov, CEO of Payhawk, commented:

"With this new integration, any U.S. or Canadian business using eligible Mastercard corporate and business cards can gain real-time visibility into their finances within Payhawk’s unified spend management platform. Combining expense, budget, and payments tools with enhanced controls and security, and native integrations, Payhawk simplifies and automates finance operations and offers an unparalleled user experience so our customers can fully automate their expenses and reconciliation without having to change their core banking cards."

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Key benefits for Payhawk customers

With this integration, U.S. and Canadian businesses using eligible Mastercard corporate and business cards can gain real-time visibility and control over their spending directly within Payhawk's platform. Customers can bring their existing Mastercard corporate or business cards to take advantage of instant expense submissions and automated receipt chasing, significantly speeding up traditionally manual processes.

Additionally, financial controllers can monitor, and control card purchases for compliance and set up policies for supported merchants and categories.

Customers will also be able to streamline their month-end closing process by reconciling and syncing all card transaction data to their enterprise resource planning (ERP) system in real-time, with the added benefit of automated categorisation and coding.

Availability

The Mastercard integration is available starting today to all Payhawk customers in the U.S. and Canada using eligible Mastercard corporate and business cards. Businesses can access the full range of spend management tools through the Payhawk platform, which is integrated directly with their ERP systems.