American Express has announced its agreement to acquire Center, a provider of expense management software. The financial details of the deal were not disclosed.
Center offers a corporate card and integrated software that allows businesses to gain real-time visibility into employee spending, automate manual accounting processes, and simplify travel booking and expense management.
According to AmEx, the combination of Center’s software with its corporate and small business card offerings will create a more cohesive expense management platform, enhancing value throughout the commercial card payments process.
Raymond Joabar, group president of global commercial services at American Express, stated, “By integrating Center’s exceptional talent and technology, we can save our customers time and money and reinforce our leadership position in commercial card payments.”