Acubiz and Nordea enter a strategic partnership
Nordeas Danish business customers now have access to a bundled solution with First Card credit cards and Acubiz' innovative and tested software for managing expenses.
No more missing missing or crumpled receipts and no more manual work with expense reports.
TL;DRAcubiz has partnered with Nordea, the Nordics largest financial services group, to offer Nordea’s Danish business customers a fully integrated solution: Nordea First Card corporate credit cards combined with Acubiz’s expense management software. The integration eliminates manual receipt handling and expense reports entirely.
Acubiz develops a cloud-based expense management solution that automate and digitize the business process related to handling employee expenses. Acubiz offers significant benefits for both employees, the finance department and the management in an organization. Acubiz has 22 years of experience with digitization of the Acubiz-powered expense process and thereby have a deep process understanding within the area.
Acubiz and Nordea, which is the largest financial services group in the Nordics, has entered a strategic partnership. This means that Nordeas Danish business customers now have access to a bundled solution with First Card credit cards and Acubiz’ innovative and tested software for managing expenses. The First Card payment cards are fully featured Mastercard credit cards that works across the globe.
Fully integrated
Credit cards and software are fully integrated, and this provides the customer with complete card spend control. Bookkeeping will also be easier through smart data export or integration to the customers ERP system. Furthermore, the receipts are stored digitally for documentation towards the auditing process. Finally, it is possible to upgrade with additional features such as time registration and foreign VAT refund. Everything is handled through user friendly mobile workflows.
“Many businesses can benefit from combining a company credit card solution with an expense management service. It provides unparalleled overview, insight and control for the finance department and the management. At the same time, it will give the users/card holders a much easier life together with massive time savings”, says Kim Pawrup, CSO at Acubiz.
“To an increased extent, our business customers ask us for advice regarding digital solutions for handling expenses. That is why we have bundled our Nordea First Card credit cards and the Acubiz Expense Management system in an integrated setup at an attractive price”, says Michael Vinther, Head of Corporate Sales at Nordea.
The partnership is live from today. Read more about the partnership (in Danish).
Frequently Asked Questions
What does the Acubiz and Nordea partnership offer business customers?
Nordea's Danish business customers can now access a bundled solution that combines Nordea First Card corporate credit cards with Acubiz's expense management software. Card transactions are automatically imported into Acubiz, where employees attach receipts via mobile app and submit for approval. The result is a fully digital, paperless expense process: from card swipe to ERP posting.
How does Acubiz integrate with corporate credit cards from Nordea?
Acubiz receives card transaction data directly from Nordea First Card. Each transaction appears automatically in the employee's Acubiz app, where they add a receipt and any required coding before submitting. This eliminates manual expense report creation and ensures every card transaction is documented and posted to the ERP correctly.
What are the benefits of combining a company card with Acubiz expense management?
Combining a corporate card with Acubiz creates a closed loop: the transaction is captured by the bank, automatically imported into Acubiz, documented by the employee, approved by the manager, and posted to the ERP: all without manual data entry. Finance gains full visibility of card spending in real time, and employees save significant time on expense administration.
How does Acubiz help eliminate missing receipts for corporate card expenses?
When a card transaction is imported into Acubiz, the app prompts the employee to attach a receipt immediately: rather than waiting until month-end. If a receipt is not added within a set period, the system sends an automatic reminder. This dramatically reduces the number of undocumented transactions that finance teams have to chase at period close.
Is the Acubiz solution available to companies without a Nordea card?
Yes. While the Nordea partnership gives First Card customers a pre-integrated option, Acubiz works with corporate cards from a range of issuers: including Eurocard, Visa Business, and others. The card integration capability is a core part of the Acubiz platform, not limited to the Nordea partnership.
