Advantages of integrated corporate credit cards over external cards
What is the benefit of no longer obtaining corporate credit cards from the bank where also my corporate account is located?
How is your accounting system currently set up – surely at least a bit digitized already, right? Perhaps you are already using a financial operating system like finway. After all, in addition to avoiding numerous piles of paper, invoices literally flying around, and fiddling with columns in Excel, it can make your finances clearer and more automated (we’d be happy to tell you more about it here).
A holistic financial operating system makes your bookkeeping easier and frees up more time not only for accounting, but also for employees from other departments to do the really important things. Virtual credit cards, or even physical ones linked to the financial operating system, are the next logical step in realizing the full potential of your financial processes.
For example, a virtual card can be created directly for purchase requests (for a headset, educational literature or seminars, the new laptop). Unlike with a “merry-go-round card,” your employees don’t have to search for the responsible manager first and then play telephone with the credit card data. This is not only safer and quicker, but also spares the nerves of everyone involved.
It’s even easier in case someone needs to buy breakfast at the station in the beginning of a business trip: Employees no longer have to pay for it in advance or ask for it later (or take responsibility for it). Ideally, coffee and sandwiches can be paid for directly via a card issued to the employee. Via the link to the OS, they immediately receive a reminder to upload the invoice for the transaction. The coffee drinker can immediately photograph the receipt with their mobile and upload it via the app. This also saves the accounting department the tedious task of allocating the receipts.
You don’t want to equip your employees with their own cards? You can issue both prepaid and debit cards via finway: This way, you have full security over payment options, while at the same time showing your employees appreciative trust in the form of their own company card.