Paying invoices online with a credit card becomes increasingly popular in companies; such as buying office supplies in online shops or paying invoices for online advertisement such as Adwords and Facebook.
However, as convenient automatic credit card payments are, as difficult it is for financial managers and accountants to maintain an overview. Each department or even single employees have separate bank accounts and the bank statements include transactions from debit as well as credit cards.
An expense management software in combination with self-issued prepaid payment cards can easily solve this hassle. All expenses are debited from one single bank account. Even better, the system can be organized based on the company structure. This means that all departments can get their required budget assigned and the cards being used within each department can be easily topped-up. These kind of expense management tools allow to get a clear and separated overview and also online payments are clearly arranged.