Business expense management cards: The ultimate guide

1. Understanding business expense management cards

Before diving deep, let's understand what these cards really are. Business prepaid expense cards allow companies to preload funds onto cards for their employees. This helps in tracking business-related expenses without the need for reimbursements or intricate paperwork. It’s like giving your employees a dedicated wallet for business spends.

2. The benefits of business expense management cards

• Streamlined Expense Reporting: No more manual entry of each transaction and receipt. Transaction data is automatically recorded with options to attach or associate individual spending to receipts or invoices digitally.
• Budget Control: Set limits on each card ensuring that employees can't overspend.
• Reduced Fraud: Real-time notifications and strict controls minimise the chances of fraudulent activities.
• Enhanced Visibility: Get a clear picture of your business spends with detailed analytics and insights.

3. Why Equals Money's prepaid cards?

Now, while there are multiple options in the market, Equals Money’s offering stands out, and here's why:

• Flexibility: With unlimited cards for employees, teams, projects, or departments, you can tailor and categorise your expense cards as per your needs – be it for travel, fuel, or general business expenses.
• User-friendly: An easy-to-use interface and online platform ensures even the least tech-savvy employee can navigate with ease.
• Robust security: With safeguarded funds, account roles to limit access and spending based on responsibilities, and the ability to instant pause or resume cards, your business spending can be done safely and securely.
• Seamless integration: Sync with your current accounting software (Xero) for hassle-free bookkeeping.
• Global spending: Equals Money cards are multi-currency supporting spending across 20 different currencies, in over 190 countries, wherever Mastercard is accepted.
• Dedicated customer support: Have a query? The Equals Money team is always there to assist you.

In Conclusion

Expense management doesn’t have to be the monster under your financial bed. With the right tools, like Equals Money's prepaid cards, you not only tame the beast but make it work for you. Join 20,000+ UK businesses making the switch and redefine your expense management today.