Corpay Inc. (NYSE: CPAY) announced new artificial intelligence capabilities within its Corpay Complete platform for business spend management, according to a company statement.

The new features include an AI virtual assistant that provides real-time answers about customer transactions and accounts, automated receipt matching and reconciliation, enhanced reporting capabilities, and AI-driven workflow automation for approvals and expense processes.

The capabilities apply to Corpay Complete's commercial cards, expense management, and accounts payable automation services. The company said the features integrate into existing workflows without added complexity.

"Mid-market companies don't need more tools, they need smarter ones," said Danny Martucci, Corpay Payables president and general manager. "With AI embedded into Corpay Complete, we're helping customers eliminate manual work, uncover better insights, and operate with greater speed and precision."

The company also enhanced its API platform to enable customers and partners to embed Corpay Complete into their systems for end-to-end process automation.

Corpay provides commercial payment solutions including spend management, fleet cards, virtual cards, accounts payable automation, and cross-border services to businesses globally. The Atlanta-based company is part of the S&P 500 index.