Corpay Launches AI Capabilities to Modernize Spend Management

Key Terms

ai virtual assistant technical

An AI virtual assistant is a software program that uses artificial intelligence to understand questions, carry out tasks, or provide information through speech or text—like a digital receptionist or concierge that responds to customers and employees. Investors care because these assistants can reduce costs, boost sales or user engagement, and affect customer satisfaction and regulatory risk, so their adoption and performance can materially influence a company’s revenue, expenses, and reputation.

api technical

An API, or Application Programming Interface, is a set of rules that allows different software programs to communicate and work together smoothly, much like a waiter translating your order into the kitchen and then bringing your meal back. For investors, APIs are important because they enable real-time access to financial data, trading systems, and other digital services, making it easier to make informed decisions quickly and efficiently.

ap automation technical

Accounts payable (AP) automation is the use of software and electronic workflows to replace manual steps in paying bills and processing supplier invoices. It matters to investors because automating these payments reduces mistakes and processing costs, speeds up approvals, and improves visibility into cash outflows—like swapping a paper mailroom for a digital conveyor belt—helping a company manage working capital, lower operational risk, and scale more efficiently.

commercial cards financial

Commercial cards are payment cards issued to businesses for expenses like supplier purchases, travel, fuel and other operational costs; think of them as company credit cards that replace invoices and petty cash. They matter to investors because they create steady fee and interest income for banks and payment processors, provide insight into corporate spending trends and cash flow, and can affect credit risk and profitability for firms that issue or service them.

virtual cards financial

Digital payment cards that exist only as electronic numbers and settings rather than a physical plastic card; they can be single‑use or set to expire after a short time and are linked to a bank or corporate account. Like a disposable key for one online purchase, virtual cards cut fraud risk, make expense tracking and reconciliation faster, and let businesses tightly control who can spend what — factors that can lower losses and boost revenue or efficiency for banks, fintechs and corporate clients.

New AI Virtual Assistant reduces manual work, enhances visibility, and powers smarter finance workflows

ATLANTA--(BUSINESS WIRE)-- Corpay, Inc. (NYSE: CPAY), the corporate payments company, today announced a new wave of AI-powered capabilities within Corpay Complete, marking a meaningful step forward in how businesses manage and optimize spend. These innovations bring practical, high-impact AI into everyday financial workflows to help companies move faster, reduce manual work, and make more informed decisions.

AP team using Corpay Complete's new AI Virtual Assistant.

Designed for finance and operations teams, the new capabilities apply AI where it matters most. This includes eliminating repetitive tasks, surfacing meaningful insights, and accelerating decision-making across accounts payable and expense management.

At the center of this launch is an AI Virtual Assistant that transforms how users interact with financial data. Instead of navigating complex workflows, teams can simply ask to get real-time answers and generate insights instantly.

New capabilities include:

• AI Virtual Assistant that delivers real-time answers and on-demand insights on customer transactions and accounts
• Automated receipt matching and reconciliation to reduce manual effort and errors
• Enhanced, real-time reporting that turns data into actionable insights
• AI-driven workflow automation to streamline approvals and expense processes

These features span the full Corpay Complete platform, including Commercial Cards (Purchasing Cards, T&E, Virtual Cards), Expense Management, and AP Automation to bring intelligence and efficiency to every stage of spend.

Corpay is focused on delivering AI that is not just powerful, but purposeful. These capabilities integrate seamlessly into existing workflows and help customers get more value from their data without added complexity.

Corpay’s enhanced API platform extends this vision, enabling customers and partners to embed Corpay Complete into their systems and automate processes end-to-end. The result is a more connected, intelligent ecosystem that reduces friction and scales with the business.

“Mid-market companies don’t need more tools, they need smarter ones,” said Danny Martucci, Corpay Payables, President & GM. “With AI embedded into Corpay Complete, we’re helping customers eliminate manual work, uncover better insights, and operate with greater speed and precision. Our focus is on applying AI in ways that deliver real value.”

With this launch, Corpay continues to lead the evolution of spend management by combining intelligent automation, flexible infrastructure, and deep financial insight into a single platform.

Visit corpay.com to learn more.

About Corpay

Corpay (NYSE: CPAY), the Corporate Payments Company, is a global S&P 500 provider of commercial cards (e.g, spend management, fleet cards, virtual cards) AP modernization solutions (e.g., invoice and payments automation), and cross-border services (mass payments, risk management solutions and global bank accounts) to businesses worldwide. Corpay solutions “keep business moving” and result in our customers better controlling business expenses, mitigating fraud, and ultimately spending less. To learn more, visit corpay.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260428291361/en/

Reva.Russell@Corpay.com
(770) 449-0479

Source: Corpay, Inc.