With the Recurring Spend Management feature, Emburse Spend makes managing your spend simple by automating the identification and tracking of recurring transactions. This feature gives admins insight into recurring transactions for such purchases as software, subscriptions, and more.
On the Recurring Spend page, our machine learning-based model quickly analyzes your corporate card transactions and generates suggestions of potentially recurring vendor spend. This makes it easy for admins to review and confirm the transactions representing recurring spend.
Once these transactions are confirmed, Emburse Spend will track the payment history for each type of recurring spend.
Begin Tracking Recurring Spend
1. On the Admin sidebar, click Recurring Spend.
2. At the top of the page, under Suggestions, potential recurring transactions are identified based on similar dollar amounts, purchase dates, and merchants.
3. Click the X or Checkmark button to deny or confirm that the identified transactions are recurring.
4. If you confirm the suggestion, the Edit Payment History window opens. Review the transactions listed to make sure they are each part of the recurring spend, check the boxes next to those that are, then click Track Spend.
5. The recurring spend transactions now appear under the search box on the Recurring Spend page.
Manage Recurring Spend
Click the More Actions button to mark a recurring spend as Inactive.
Click Payment History to review further transactions to be sure they are each part of the recurring spend. Click the Edit button, uncheck the boxes next to any transactions that are not recurring spend, then click Save.
Edit button, uncheck the boxes next to any transactions that are not recurring spend, then click Save.