Product news: Wave and Visa create product for faster small business payments

May 3, 2019 1:40 PM

Wave and Visa create a product for faster small business payments; Expensify partners with Grab; MineralTree AP platform now integrates Procurify; and more accounting product news.

Wave and Visa create a product for faster small business payments

Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Wednesday, Jan. 29, 2014. Visa Inc. is expected to release earnings data on Jan. 30. Photographer: Andrew Harrer/Bloomberg

Andrew Harrer/Bloomberg

Visa and Wave have jointly created a payments solution targeted at small businesses. Wave now offers a feature called Instant Payouts that integrates Visa Direct, Visa’s real-time push payments solution, with its small business accounting offering. The goal is to allow small businesses to access their earnings faster. The new partnership provides real-time deposits of incoming revenue.

Expensify partners with Grab

Expense software maker Expensify has partnered with Southeast Asian rideshare app company Grab. Mutual customers can now automatically create and submit expense reports by connecting Expensify to their Grab business profiles. Similar to Expensify’s integrations with Uber and Lyft, Grab customers can book rides in Grab’s mobile app and receipts are automatically sent to Expensify. Based in Singapore, Grab operates there and in Malaysia, Indonesia, the Philippines, Vietnam, Thailand, Myanmar and Cambodia.

MineralTree AP platform integrates Procurify

MineralTree, which makes accounts payable and payment automation solutions, has partnered with spend management platform Procurify. Now users can employ Procurify within the MineralTree platform to manage, control and track spending. MineralTree offers its invoice-to-pay solution directly to middle-market businesses and via its expanding partner network, which now includes Procurify.

Gotransverse debuts reporting solution

Gotransverse, which makes an enterprise billing platform, has released Premier Reporting, which provides direct access to Gotransverse usage, billing and receivables data for use with other data sets and reporting platforms. With Premier Reporting, Gotransverse customers can integrate customer relationship management, configure price quote, and enterprise resource planning data and generate custom reports using Tableau, Microsoft Power BI, Qlik Sense or other analytics, reporting and visualization tools. For more information, visit

https://gotransverse.com/

B+E releases 1031 exchange trading platform

Brokerage technology company B+E has introduced an online trading platform for 1031 exchanges, 1031 Trade. The product went through a five-month beta testing period and is now available to the general public. A 1031 exchange, as defined by section 1031 of the tax code, allows an investor to defer paying capital gains taxes on an investment property when it is sold if another like-kind property is purchased with the profit gained by the sale of the first property. B+E’s 1031 Trade sweeps the active market for relevant listings on- and off-market, and investors work with a B+E 1031 exchange broker. Watch the demonstration video here.