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Corpay Unveils AI Tools to Automate Finance Workflows

1 reports · First detected 2026-08-11 · Last active 2026-08-11

Corpay, an S&P 500 corporate payments provider, sells commercial-card, accounts-payable automation and cross-border payment services to businesses worldwide. The push comes as UK finance departments remain tied to labor-intensive expense, invoice and supplier-payment administration, limiting time for cash-flow forecasting and strategic planning. Corpay’s research frames automation as more than a cost-saving exercise: finance chiefs increasingly see modern payment infrastructure, visibility and control as central to resilience and competitiveness.

On April 28, 2026, Corpay unveiled new AI capabilities in Corpay Complete, led by an AI Virtual Assistant that answers questions about transactions and accounts in real time. The release also adds automated receipt matching and reconciliation, real-time reporting, and AI-driven approval and expense workflows. A survey of 300 UK CFOs published April 16 found 83% considered spend management too manual, while 86% said each finance employee spent more than six hours a week on expense, invoice and supplier-payment administration.

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