American Express has announced the acquisition of Center, a company specializing in real-time expense management software, in a strategic move to expand its digital financial tools for businesses. The acquisition aims to strengthen American Express' suite of business solutions, catering to the growing demand for seamless and automated expense tracking.

Center’s innovative platform offers real-time insights, advanced spend controls, and automated reconciliation tools, empowering businesses to manage expenses more efficiently. By integrating Center’s technology, American Express plans to enhance its existing business-focused products, providing customers with greater financial visibility and control.

The acquisition underscores American Express’ ongoing commitment to innovation in corporate financial services. With businesses increasingly prioritizing automation and data-driven decision-making, this move positions American Express as a stronger competitor in the expense management space.

The deal, whose financial terms were not disclosed, marks another step in the company’s strategy to integrate digital capabilities and strengthen its offerings for enterprises of all sizes.