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ComplicatedReimbursement Process

If you’re using a reimbursement process for

company purchases, ensure the process is as

seamless as possible. Reimburse your

employees in a timely manner to avoid

employee turnover.

Exposing Company to Credit Risk

A credit card solution is great for building

your businesses credit—but can also

expose your company to risk. Ensure you

know who has access to the company

cards, and check your statements regularly.

Petty cash can be hard to track and difficult

to manage. Businesses larger than 100

employees should not rely on a petty cash

system.

Relying onPetty Cash

Credit card solutions allow you the flexibility

to purchase funds while freeing up liquid

capital. However, if transaction fees and

interest rates are adding up, consider a

business debit card solution.

Transaction Feesand Interest Rates

As businesses change and grow, so do their

expense management needs. Outgrowing

your employee expense management

solution can cost thousands in unnecessary

expenses and employee time.

OutgrowingYour Solution

Companies that utilize prepaid business card

solutions save up to 35% when comparing

actual spend versus budgeted spend for

business travel due to tighter controls.

UnnecessaryTravel Expenses

Manual expense reports eat up time and

money. By streamlining your expense

reporting process, you can save on your

company overhead and free up capital to

invest back in your business.

BurdensomeExpense Reports

Many corporate credit cards require an

authorizing officer to sign for the account,

and they can be held personally liable for

the company’s debt. Switching to a prepaid

business card solution will add a safety net

for your employees.

Exposing Employeesto Credit Risk

There’s often room for misuse of company funds by employees, whether intentional or not. Use an employee expense management solution that allows you to set spending limits and increase control over which employees have access to funds and where they can use their card.

Loose FinancialControls

In an emergency situation, it’s essential

to have a way to get employees the

funds they need. Business prepaid card

solutions allow you to transfer funds

24/7 from your smartphone or

computer.

InflexibleExpense Solution

To learn more about how to manage employee expenses, go to pexcard.com

1-877-274-3390