AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Brex Automates Corporate Credit Card Issuance With First-Of-Its-Kind Integration with Rippling

November 19, 2019

SAN FRANCISCO--(BUSINESS WIRE)--Nov 19, 2019--

Brex, the corporate credit card that accelerates entrepreneurs and scaling businesses, today announced a first-of-its-kind integration with Rippling, the all-in-one employee management system that centralizes payroll, benefits, computer, and app management for businesses. This integration makes Rippling the first HR platform that allows companies to automatically issue corporate cards to new employees as part of their onboarding process, and automatically disable cards during their offboarding process, making corporate card management easier and reducing the administrative burden across teams.

“By combining the ingenuity of Rippling’s automated employee onboarding with Brex’s instant signup and card issuance technology, companies can easily scale their payments programs, reduce manual workflows, and increase control,” said Henrique Dubugras, co-founder and co-CEO of Brex.

With the new integration, companies using Rippling can automatically issue both virtual and physical Brex credit cards to new hires and contractors, as well asset up their payroll, health insurance, computers, and more. This not only improves the employee onboarding experience, but also improves operational efficiency by seamlessly coordinating corporate credit card management policies across the HR, IT, and finance departments.

“Brex’s focus on simplifying corporate expenses with technology mirrors Rippling’s approach to HR & IT. With this new integration, companies that use Rippling can improve employees’ onboarding experience while reducing administrative busywork,” added Parker Conrad, Founder and CEO, Rippling.

Additionally, by using Brex and Rippling together, companies benefit from enhanced control over their corporate card program. Companies can establish a set of criteria to pre-determine which employees or employee types are issued a corporate card, and then automatically apply this policy for each new hire. Card policy management also extends to changes in employee status, such as transfers and title changes. Added controls also include the ability to automatically lock or suspend cards when employees or contractors offboard to quickly mitigate potential liability.

“The ability to seamlessly provision corporate credit cards in a way that is integrated with our overall approach to onboarding, payroll and information technology is a 10x process improvement for our finance and people teams, and our employee base at large,” said Pradeep Elankumaran, Co-Founder & CEO at Farmstead, a new online-only grocer.

Rippling and Brex were both members of the Winter 2017 batch of the Y Combinator accelerator program.

About Brex

Brex is transforming B2B payments by creating corporate cards, rewards, and travel programs that are tailored to specific industries. In 2018 Brex launched the first corporate card and rewards program specifically designed for startups. By rebuilding the credit card tech stack from the ground up, Brex is able to reimagine every aspect of corporate cards, including underwriting, transparency, and approvals, to create a radically better experience for customers. Brex is backed by Y Combinator Continuity, Peter Thiel, Max Levchin, and more, and has raised $315M in equity and $100M in debt capital. The company’s headquarters are in San Francisco with an additional office in the Salt Lake Valley.

About Rippling

Rippling is the first Employee Management System that allows businesses to manage their HR and IT—from payroll and benefits, to employee computers and apps—all in one place. In just 90-seconds, a company can set up (or disable) an employee’s payroll, health insurance, work computer, and cloud services, like Gmail, Microsoft Office, and Slack. Rippling is headquartered in San Francisco, and has raised over $65 million from top-tier investors, including Kleiner Perkins, Initialized, DFJ, and Y Combinator.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191119005322/en/

CONTACT: Sutherlandgold for Brex

Yalda Rafie

brex@sutherlandgold.com

415.275.6249

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT SECURITY OTHER PROFESSIONAL SERVICES TECHNOLOGY HUMAN RESOURCES SOFTWARE

SOURCE: Brex

Copyright Business Wire 2019.

PUB: 11/19/2019 09:00 AM/DISC: 11/19/2019 09:00 AM

http://www.businesswire.com/news/home/20191119005322/en