Airbase
Fresh71% completeAirbase is an all-in-one spend management platform that consolidates accounts payable automation, corporate card management (virtual and physical Visa cards), and employee expense reimbursements into a single approval workflow and GL-coding engine. Mid-market finance teams use it to eliminate fragmented AP, card, and expense tool stacks, with real-time budget visibility across departments and configurable approval chains. Acquired by Paylocity in September 2024 for $325M and now marketed as 'Airbase by Paylocity'; targets companies with 100–5,000 employees requiring a unified non-payroll spend system.
Products
- Accounts Payable Automationactive
Automated invoice ingestion via OCR, three-way PO matching, configurable approval routing, and multi-method payment execution (ACH, check, wire, virtual card).
- Corporate Cardsactive
Physical and virtual Visa cards with per-card spend limits, merchant restrictions, real-time transaction sync to accounting systems, and modest cashback rewards.
- Expense Managementactive
Mobile OCR receipt capture, policy-enforced reimbursement routing, per diem, mileage tracking, multi-currency support, and 3-day average ACH reimbursement cycle.
- Guided Procurementactive
Pre-purchase intake workflow that routes software and vendor purchase requests through configurable approval chains before spend is committed.