Acquisition to expand Paylocity’s total addressable market to the Office of the CFO and provide capabilities for clients to holistically manage all...

When the operating landscape is uncertain and dynamic, businesses must prioritize controlling for what’s controllable. And with the news Thursday (June 20) that Amazon Business, Amazon’s online business-to-business procurement store, has announced a number of new technology features designed to help large business customers simplify the way they shop for business supplies, unlocking operational leverage through tighter control over sourcing and procurement is top of mind for forward-thinking B2B firms. “Amazon Business wants to change how companies shop for supplies through our unmatched selection, deep discounts, and smart capabilities,” said Shelley Salomon, worldwide vice president of Amazon Business, in a statement. “We don’t just react to the biggest challenges our customers have shared with us; we get ahead of them with new technologies so our customers can use their resources to navigate the unexpected and continue expanding their business.”

Airbase has added spend analytics and vendor management capabilities to its spend orchestration software designed for mid-market and larger organizations. These new features aim to help companies optimize spending by providing decision-makers with real-time insights into all spending, including accounts payable (AP), employee expenses and corporate cards, Airbase said in a Tuesday (June 11) press release. “The mid-market and larger organizations we serve run complex businesses and must be armed to make critical, data-driven decisions fast,” Thejo Kote, founder and CEO of Airbase, said in the release. “I’m proud that Airbase is the first to offer them the spend visibility and insights to do so on-demand and with ease.”