Clara Evolves into a Complete Payments Solution with New Platform Features

Mexico City, January 25, 2024.- Nearly three years after launching in Mexico, Clara, the Latin American technology company that began with corporate cards and expense control software, announced that it has become a complete solution for companies to make and manage all their payments. Thanks to new features, Clara now lets its more than 12,000 companies centralize all their payments, transactions and expenses in one place.

According to Gerry Giacomán Colyer, CEO and co-founder, Clara was born to help companies operate with greater clarity and financial agility. The company is therefore building a new financial platform to eliminate physical reimbursements, make corporate payments more transparent, simplify month-end financial processes and improve accounting efficiency by optimizing cash flows and supporting financial decisions. That is why Clara now offers features that will also be a trend in simplifying corporate finance processes in 2024.

Automatic invoice reconciliation

Invoice reconciliation is often one of the biggest headaches for finance teams. Because it has traditionally been a manual process, every unreconciled transaction tends to represent an additional expense at each year’s accounting close. Clara has therefore introduced a feature that automatically reconciles every transaction made through the platform with its corresponding invoice using artificial intelligence. Companies no longer need to worry about manually tracking expense verification, because Clara’s solution improves accuracy and delivers significant savings for finance teams.

ERP integrations

Clara’s platform now adapts to every industry and segment, offering seamless integration with some of the market’s leading ERP systems and ensuring synchronization between expense management and other critical business operations. Through these integrations, Clara provides controls and greater centralization of financial information to generate smart reports and unified analyses based on the expenses of each employee, team or area. This enables a stronger focus on value-generating activities, strategic financial decisions and a holistic view of company finances.

Real-time expense capture

Clara lets users quickly upload receipts for expenses such as a business lunch or an Uber ride immediately after the transaction occurs. Clara also works as a platform to track all expenses in an organized way, letting users apply filters based on their specific business priorities.

Digital wallets

Recognizing the growing adoption of digital payment methods, Clara’s corporate cards can now be enrolled in some of the most popular digital wallets, including Apple Pay, Garmin and Samsung Wallet. Clara users can now carry out transactions from their mobile devices, whether paying and reconciling invoices or making secure online purchases. This new feature delivers an immediate, fluid, secure and easy-to-use experience, enabling safer transactions without waiting for a physical card and reducing friction in the customer experience.

With these features available in the business market, Clara aims to consolidate its position as Latin America’s leading integrated payments platform and the financial ally of companies across the region.