Brex’s Corporate Card for NetSuite Achieves ‘Built for NetSuite’ Status

New Brex SuiteApp Meets the NetSuite SuiteCloud Platform Development Standards and Documented Best Practices

SAN FRANCISCO–(BUSINESS WIRE)–Brex, the corporate credit card that accelerates entrepreneurs and scaling businesses, announced today the Brex Corporate Card for NetSuite has achieved the ‘Built for NetSuite’ status. The new SuiteApp, built using the Oracle NetSuite SuiteCloud Computing Platform, offers Brex customers more control and customization over their finance and payables functions.

Built for NetSuite is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provides partners with the information, resources and methodology required to help them verify that their applications and integrations meet NetSuite standards and best practices. The Built for NetSuite program is designed to give NetSuite customers additional confidence that SuiteApps have been built to meet these standards.

“Expense management can be a painful, frustrating process that most want to avoid,” said Michael Tannenbaum, CFO at Brex. “What they don’t know is it can be easy. The Brex Corporate Card for NetSuite seamlessly integrates spend activity and receipts into one financial management system, allowing accounts payable teams to save hours of work and reconciliation. This allows them to spend more time on driving strategic business initiatives rather than manual tasks.”

The Brex Corporate Card for NetSuite gives finance teams greater control over their monthly close process with customization for internal accounting classes, locations and departments as well as the ability to create vendor-specific custom integration rules. With the enhanced integration, Brex customers can import their monthly credit card transaction activity directly into NetSuite, and easily match receipts captured via Brex’s app- and text message-based workflows directly to transactions within NetSuite.

“Organizations are constantly looking for ways to make the corporate credit cards and expense processes a lot simpler for employees and accounting and finance teams,” said Guido Haarmans, VP, SuiteCloud Developer Network and Partner Programs, Oracle NetSuite. “Brex offerings and this SuiteApp help organizations manage these processes while enabling integration with broader finance processes.”

To further celebrate the launch and highlight the joint value of Brex and NetSuite, Brex is offering a unique offer on NetSuite to its existing customers and is also waiving card fees for existing NetSuite customers who sign up for Brex.

For information about Built for NetSuite SuiteApps, please visit www.netsuite.com/BuiltforNetSuite. For more information about the integrated solution, please visit http://suiteapp.com/Brex-Corporate-Card-for-NetSuite.

About SuiteCloud

Oracle NetSuite’s SuiteCloud is a comprehensive offering of cloud-based products, development tools and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the industry’s leading provider of cloud-based financials / ERP software suites, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly-created mission-critical applications built on top of mature and proven business processes.

The SuiteCloud Developer Network (SDN) is a comprehensive developer program for independent software vendors (ISVs) who build apps for SuiteCloud. All available SuiteApps are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit http://www.netsuite.com/developers.

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.

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Contacts

SutherlandGold for Brex

Yalda Rafie

brex@sutherlandgold.com

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