Prepaid Business Expense Cards
Prepaid Business Expense/Corporate Cards Solution
Easy Business Onboarding
New business onboarding is an easy process requiring one page form to be filled and submitted. After the business account and first user profile creation the business manager can issue & manage cards to his employees without any supervision from the program manager.
Enhanced Revenue Opportunities
Business expense cards have much longer life, spend much higher amounts than consumer cards and also offer greater interchange share. Not only such cards are more profitable than consumer cards, they offer an opportunity to program managers to add a totally new customer segment to their portfolio thus enhancing cross sell opportunities. Any companies in core expense management industry can also add value to their solution and enhance their revenue opportunities by offering a prepaid expense card to its customers.
Expense Management Solution Included
Our prepaid expense card solution is not just a prepaid card, it is also an expense management solution allowing business administrators to enforce expense policy and review the expense transactions done by its employees. It also allows business administrators to analyze expense trends at business, employee or expense category level.
Minimal Operational Overhead
The solution has been designed to minimize the operational overhead on part of the program manager. Once a business account is created, the business administrator manages all card issuing, management and control operations for his own business unless an exception situation arises.
Risk Management
Suspicious card activity alerts can be monitored by both the program manager and the business administrator, providing an additional layer of fraud prevention and risk management.
Value Adding Business Expense Card Solution Features
- Issue individual cards or request in bulk
- Automate the funding of the cards, no manual intervention required
- Set daily and monthly spending limits and decline transactions beyond limits
- Restrict the usage to specific merchant categories
- Set business level budgets, decline transactions beyond budget
- Several alerts for monitoring card usage
- Have multiple business administrators to manage employee cards
- Provide selective access to business administrators
- Allow adding expense categories and memos for better analysis and reporting
- Analyze expenses to identify excessive spenders
- Analyze expense trends to identify savings within the company and fine tune the policy
- Analyze volume of transactions at a merchant to negotiate volume price discounts
- Improve expense reporting accuracy with automatic transaction information capture
- Use Android and iOS apps on the go
- Eliminate the need to keep or capture receipts
- Save time & resources by automating expense policy enforcement and expense transaction reporting