Brex, a self-described intelligent finance platform, has announced that it is collaborating with Oracle, becoming the fintech issuer that has been embedded within Oracle Fusion Cloud Enterprise Resource Planning (ERP). Leveraging Oracle’s integration with Mastercard, Brex will now enable Oracle’s global, embedded B2B payments solution in Oracle Cloud ERP, enabling customers to select Brex virtual cards from within payables workflows.
This offering reportedly aims to streamline supplier payments, enforce tighter controls, and give finance teams the ability to “move fast without sacrificing governance.”
Global enterprises face challenges managing supplier payments across countries, currencies, and banking systems.
Traditional methods such as ACH/EFT and wire transfers tend to be somewhat slow and costly, and usually provide limited visibility or compliance safeguards, while existing card solutions often lack the “controls for enterprises operating at scale.”
This latest integration helps to address these challenges by allowing joint customers to access Brex virtual cards from Oracle Cloud ERP.
Art Levy, Chief Business Officer of Brex said that together they’re helping global enterprises simplify supplier payments, faster with full control, and unlock value from spend.
Catherine You, Group Vice President of Applications Development at Oracle said that by embedding Brex into Oracle Cloud ERP workflows, they’re giving enterprises more control, visibility, and efficiency in their financial operations while helping them capture value from spend.
Brex’s partner ecosystem and steady adoption—reaching almost $2B in annualized payment volume in its first year—underscores enterprise demand for “a global card offering that integrates with leading enterprise systems.”
With Oracle as a collaborator, Brex allows international companies to simplify financial operations, boost compliance, and tap various growth opportunities.
