Many employees have to pay their hotel, business dinners, online subscriptions or office supplies in advance with their private money or with a corporate credit card. Both solutions cause a big problem for many financial managers:
The forms for cost refunds as well as the bank statements are only accessible at the end of the month or even more delayed. These long periods of uncertainty over the current overall spending makes it difficult to plan future expenses and to maintain an overview.
It is becoming apparent that companies strongly benefit from using prepaid business cards. The cards are connected to a corporate expense management software. This allows for expense management automation and the budget management of: teams, business departments, branches and each individual card online and in real time. Therefore, employees do not have to advance private money and all transactions are directly visible in an always up-to-date expense overview. All accessible in the expense management system.