New updates have been reported about Brex (PC:BREXX)
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Brex has announced a strategic collaboration with Oracle, becoming the first fintech issuer to integrate into Oracle Fusion Cloud Enterprise Resource Planning (ERP). This partnership allows Brex to power Oracle’s embedded B2B payments solution, enabling customers to utilize Brex virtual cards directly within Oracle’s payables workflows. This integration aims to streamline supplier payments, enhance control measures, and provide finance teams with the agility needed without compromising governance.
Global enterprises often face complexities in managing supplier payments across various countries and currencies. Traditional payment methods can be slow and costly, lacking visibility and compliance safeguards. Brex’s integration with Oracle Cloud ERP addresses these challenges by offering streamlined payments in over 30 currencies from a single platform, faster processing, automated reconciliation, and centralized visibility. Additionally, Brex virtual cards offer granular controls and a digital audit trail to mitigate fraud risk and meet compliance requirements. Art Levy, Chief Business Officer of Brex, highlighted the significance of this integration in simplifying cross-border payments and unlocking new value from enterprise spending. The collaboration with Oracle underscores Brex’s commitment to enhancing financial operations for global companies, with Brex’s partner ecosystem and rapid adoption reflecting strong enterprise demand for such integrated solutions.