Nykredit and Acubiz forge a partnership, introducing the NEM – Nykredit Expense Manager app to aid small businesses in managing expenses, mileage, and receipts. This collaboration combines Nykredit's MasterCard solution with Acubiz's two-decade expertise in Expense Management. The NEM app, launching soon, aims to make business operations 25% more efficient, as per a recent survey.
Nykredit and Acubiz forge a partnership, introducing the NEM – Nykredit Expense Manager app to aid small businesses in managing expenses, mileage, and receipts. This collaboration combines Nykredit's MasterCard solution with Acubiz's two-decade expertise in Expense Management. The NEM app, launching soon, aims to make business operations 25% more efficient, as per a recent survey.
TL;DRAcubiz and Nykredit have partnered to launch NEM, the Nykredit Expense Manager app, targeting Danish businesses with 1 to 10 employees. The app combines Nykredit's MasterCard Business solution with Acubiz's two decades of expense management expertise, and a Nordic survey confirms the partnership can deliver an average 25% efficiency improvement for small businesses handling expenses digitally.
Nykredit Bank launches an app targeted the company’s business customers, which will make it easier for business owners with 1-10 employees to register expenses, mileage and handle receipts. The app NEM – Nykredit Expense Manager – is the result of a partnership and close cooperation between Nykredit and Acubiz.
“At Nykredit Bank, we are committed to giving our business customers a little more time in everyday life by creating administrative easing, and the combination of our MasterCard solution and Acubiz’ app is an excellent example of how we can succeed together,” says Carsten Kruse, Director of Retail Business at Nykredit.
“The partnership with Nykredit and the development of NEM is an acknowledgement of Acubiz and our Expense Management expertise, which we have built for 20 years. Today, more than 130,000 employees in more than 33 countries use Acubiz Expense Management. Together with Nykredit we look forward to creating value for a customer group of smaller companies,” says Lars de Nully, CEO & Founder, Acubiz.
Nykredit is the first Danish bank to offer its business customers a digital Expense Management Service. NEM is in the air in early March and will initially target customers with Nykredit Mastercard Business.
The value of digital handling of expenses and receipts has been cemented in a new Nordic survey, which concludes, among other things, that with digital Expense Management Services including credit card, app and web solution, businesses are on average 25% more efficient than with manual routines. The survey has been conducted for Eurocard by the Royal Institute of Technology among 1000 respondents. Get more information here.
Read more about the NEM app in FinansWatch:
Frequently Asked Questions
What is the NEM app and who is it designed for?
NEM, the Nykredit Expense Manager, is a digital expense management app developed through the Nykredit-Acubiz partnership. It targets Danish business customers with 1 to 10 employees, making it easier for small business owners to register expenses, track mileage, and manage receipts without enterprise-level complexity.
What makes the Nykredit-Acubiz partnership valuable for small businesses?
The partnership combines Nykredit's established banking relationship with its business customers and MasterCard Business infrastructure, with Acubiz's 20 years of expense management expertise serving over 130,000 users in 33 countries. Small businesses get access to professional-grade expense tools through a bank they already work with.
How much time can small businesses save by using the NEM digital expense solution?
A Nordic survey conducted in connection with the partnership found that businesses using digital expense management with a credit card, app, and web solution are on average 25% more efficient than those using manual processes. This represents a significant time saving for small businesses where every hour counts.
Is Nykredit the first Danish bank to offer digital expense management to business customers?
Yes. According to the partnership announcement, Nykredit is the first Danish bank to offer its business customers a digital Expense Management Service, making NEM a genuinely new offering in the Danish market for small business banking customers.
Receipts are also important to businesses, as they work as documentation for a given purchase....
No more missing missing or crumpled receipts and no more manual work with expense reports.
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