Spend Management Platforms

Whether you offer corporate cards, automated invoicing, or expense reconciliation software, our API-first platform is designed to help you expand your service footprint, drive new revenue, and simplify compliance headaches. By integrating Wingspan’s robust suite of contractor-focused financial services, you can offer your customers the convenience and compliance they need—all under your brand.

This guide outlines how Wingspan helps you:

1. Unlock Additional Revenue Streams through embedded finance, instant payouts, and tax solutions.
2. Deliver a Seamless Experience & Minimal Onboarding Friction for your customers’ contractors.
3. Automate Compliance & 1099 Management to reduce back-office overhead and risk.
4. Leverage Multiple Integration Options to reduce implementation cost (API, SDK, UI components, or full white label).
5. Enhance End-User Satisfaction with real-time payments, business debit cards, and more.

Wingspan’s API Features

Wingspan was built API-first, offering Spend Management platforms a modular way to embed critical financial services for their customers and contractors:

• Instant Payouts: Let your customers’ contractors get paid in real time—directly to a bank account or debit card.

• Business Debit Cards: Issue co-branded or fully white-labeled cards that integrate with your spend management suite. Provide instant spend capabilities, easy expense categorization, and more.

• 1099 & Tax Management: Automate W‑9 collection, TIN checks, 1099 filings, and year-end distribution—removing a major burden from your customers’ finance teams.

• Embedded Financial Services: Generate new revenue from insurance, tax withholding, and international payments. Build or embed your own marketplace of partner services under your brand.

• Compliance & Security: Leverage Wingspan’s enterprise-grade AML, KYC, and regulatory frameworks to reduce risk and support a global contractor base.

By layering these capabilities into your existing spend management offering, you can differentiate in a crowded market and unlock higher-margin products.

Wingspan’s API Benefits for Spend Management Platforms

1. Unlock New Revenue Streams

   • Interchange & Fees: Gain incremental revenue on card transactions, instant payout fees, and embedded finance products.
   • Value-Added Services: Provide optional contractor benefits like insurance or tax withholding, sharing revenue with Wingspan.

2. Accelerate Growth & Differentiate

   • Stand Out: Offer 1099 compliance, instant international contractor payouts, or branded debit cards that competitors lack.
   • Global Reach: Attract multinational clients by seamlessly handling multi-currency, cross-border payouts and relevant compliance.

3. Reduce Operational & Compliance Complexity

   • Automatic 1099 Filing: Save internal teams hours of admin work each tax season.
   • Built-In KYC/AML: Wingspan continuously monitors contractor onboarding and transactions to ensure compliance, lowering your regulatory risk.

4. Flexible Integration Paths

   • API / SDK: Full control over user experience and custom workflows.
   • Pre-Built UI Components: Rapidly embed Wingpsan’s features without heavy front-end development.
   • White-Label: Launch an entire, branded contractor banking solution with minimal internal resources.

5. Enhanced Customer & Contractor Experience

   • Streamlined Payments: Faster, frictionless payouts enhance your customers’ relationship with their contractors.
   • One-Stop Platform: Contractors track and manage all finances from your single spend management dashboard—boosting retention for you and your clients.

Integration Methods

Spend Management platforms come in many shapes and sizes, with varied tech stacks and resource constraints. Wingspan provides multiple integration approaches to suit your needs:

1. White-Label Solution

• Description: Launch a fully branded environment for contractor payouts, debit cards, tax compliance, and financial services.
• Ideal For: Platforms looking to add advanced banking capabilities without the complexity of building it in-house.
• Benefits: Instant scale, minimal engineering overhead, seamless integration with your brand identity.

2. Wingspan UI Components

• Description: Pre-built interface widgets that you can drop into your spend management software, giving a polished look with minimal front-end work.
• Ideal For: Companies wanting faster deployment and a consistent, professional interface without dedicating major design or front-end dev resources.
• Benefits: Short time-to-market, easy theming for brand alignment, reduced development complexity.

3. API / SDK Integration

• Description: Robust RESTful API with official SDKs in TypeScript, Python, Ruby, and C#.
• Ideal For: Platforms wanting granular control over the user experience, data flows, and reporting logic.
• Benefits: Maximum customization, flexible embedding into existing dashboards, advanced error handling.

Recommended Funds Flow

When paying contractors, Spend Management platforms often have two ways to leverage Wingspan’s financial rails:

Option A: Wingspan-Managed Distribution (Recommended)

1. Payment Creation: You create a payment item for each contractor (e.g., from invoice approval or expense submission), then transfer the lump sum to Wingspan.
2. Funds Distribution: Wingspan handles the splits—paying each contractor's bank account, debit card, or even withholding tax.
3. Consolidated Reporting: You receive real-time tracking of payments, plus automated compliance management.

Key Benefit: Simplifies the payout process, removing the need to manage multiple rails or run separate 1099 compliance routines.

Option B: Spend Management Platform–Managed Distribution

1. Internal Splits: Your platform calculates net pay, tax withheld, or additional allocations (e.g., deposit into a business debit card).
2. Multiple Disbursements: You send each portion of the payment to the appropriate destination: direct deposit, Wingspan account, tax agencies, etc.
3. Compliance & Reporting: You still leverage Wingspan for 1099 issuance, TIN checks, and integrated financial services.

Key Benefit: Retain direct control over each disbursement while still using Wingspan for compliance and add-on services (tax, insurance, etc.).

Implementation Process

Your path to integrating Wingspan can be as quick or as elaborate as you need, depending on your chosen features. A typical roadmap looks like this:

1. Discovery & Planning

   • Outline the specific financial services you want to offer (instant payouts, white-label card, automated 1099s, etc.).
   • Identify resource availability and timeline.

2. Development & Integration

   • Obtain sandbox credentials.
   • Decide on API or UI approach.
   • Build or embed relevant workflows (contractor onboarding, payouts, card issuance).

3. Pilot & Feedback

   • Test with a subset of customers or contractors.
   • Monitor success rates, gather feedback on user experience and support ticket volume.

4. Full Launch & Scale

   • Roll out in waves or go live platform-wide.
   • Provide user education (especially if offering new perks or instant payouts).
   • Ongoing optimization with Wingspan’s account management and analytics.

Use Case Highlights

Below are some scenarios illustrating how Spend Management platforms tap into Wingspan’s capabilities:

1. Expense & Invoice Automation

   • Challenge: Customers want to pay 1099 contractors alongside vendor invoices, all from one interface.
   • Solution: Integrate Wingspan for real-time payouts and built-in 1099 compliance; contractors see near-instant deposit to their accounts or debit cards.

2. Startup Card Providers

   • Challenge: Card-focused spend solutions need to expand beyond employee spend management to contractor payouts.
   • Solution: White-label Wingspan accounts, enabling real-time disbursements and a branded contractor banking suite.

3. Global Contractor Hubs

   • Challenge: Need cross-border payments, multi-currency, and local compliance for 1099 equivalents internationally.
   • Solution: Wingspan’s international rails handle currency conversions and compliance, so you can attract a global user base.

Conclusion & Next Steps

By integrating Wingspan, Spend Management platforms can:

• Open New Revenue Streams through interchange, instant payouts, and financial services.
• Strengthen Their Core Offering with faster contractor payments, seamless 1099 compliance, and advanced KYC/AML.
• Differentiate in a Crowded Market by offering unique contractor banking and payout features under your own brand.
• Provide a Unified Experience that keeps all spend data—vendor bills, employee expenses, and contractor payments—under one roof.

Ready to learn more?
Explore our Developer Docs or request a demo to discuss how we can tailor a solution to your spend management platform. Let’s help your customers handle contractor payouts with precision, compliance, and speed—so you can focus on growing your business.