American Express (NYSE: AXP) and Cvent, Inc., a market leader in meetings, events and hospitality technology, today announced they are integrating virtual payment capabilities to Cvent’s hospitality and event platforms. The solution enables users to generate and pay suppliers with American Express virtual account numbers, which are single-use or multi-use account numbers with a fixed authorization amount and expiration date for each transaction. The integration will offer businesses a streamlined, automated method for paying suppliers and managing budgets with the American Express® Corporate Meeting Card.
Joint Cvent and American Express® Corporate Meeting Card clients can now access a unique budget management solution within the Cvent platform. The offering enhances security, visibility and control over payments and the payment process, while simplifying the previously time-consuming manual processes by automating budget management for meetings and events payments.
“This integration is an exciting, new opportunity for clients that want an end-to-end solution to better manage their meetings and events programs,” said Patrick Smith, Chief Marketing Officer at Cvent. “Together with American Express, we’re introducing an innovative, automated solution that provides our customers peace of mind when planning and executing successful meetings.”
“American Express is a partner to businesses around the world, and we continually strive to make it easier for customers to use our products in the systems and platforms where they are doing business today,” said Gint Balodis, Vice President, B2B Products, American Express Global Commercial Services. “Meetings and events require significant resources and a ton of coordination to plan, so it’s extremely important that event planners have all the tools they need to manage a budget, generate payment and track all expenses real-time within their meetings management software solution.”
The American Express Card integration is now available. To learn more, organizations can contact their American Express Client Manager or Cvent Account Manager.
Cvent, Inc. is a leading meetings, events, and hospitality management technology provider with more than 3,200 employees, 25,000 customers, and 300,000 users worldwide. The Cvent Event Cloud offers software solutions to event planners and marketers for online event registration, venue selection, event management and marketing, onsite solutions, and attendee engagement. Cvent’s suite of products automate and simplify the planning process to maximize the impact of events. The Cvent Hospitality Cloud partners with hotels and venues to help them drive group and corporate travel business. Hotels use the Cvent Hospitality Cloud’s digital marketing tools and software solutions to win business through Cvent’s sourcing platforms and to service their customers directly, efficiently and profitably – helping them grow and own their business. Cvent solutions optimize the entire event management value chain and have enabled clients around the world to manage hundreds of thousands of meetings and events. For more information, please visit Cvent.com, or connect with us on Facebook, Twitter or LinkedIn.
About American Express Global Commercial Services
Through our Global Commercial Services division, American Express offers powerful backing and support that helps companies of all sizes gain financial savings, control and efficiency. We provide a suite of payment and lending products, solutions for travel and everyday business spending, cross border payments, global currency solutions, and business financing.
To learn more about Global Commercial Services, visit business.americanexpress.com.
About American Express
American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.
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