From slumping financial markets to an ongoing cost of living crisis, there’s no shortage of bad news. If that weren’t enough, soaring inflation rates are impacting businesses and people everywhere. And here in the UK, the IMF is predicting those high levels of inflation will last even longer than in other advanced economies.
It can all mean your employees are struggling to make ends meet each month or cutting costs to help get by. So what about those pesky old reimbursement policies that require your team to cover costs upfront? For staff members who aren’t as financially stable or may be experiencing cash flow challenges right now, this certainly puts them in a tough situation.
We’re here to help offer peace of mind. With Emburse Cards, there’s no need for employees to rely on reimbursement for purchases anymore. Emburse Cards integrate directly into Emburse’s expense management solutions, combining simple issuance and management with unparalleled spend control.
Emburse Cards can easily be created within the Emburse expense solution, with new virtual cards available to be distributed and used in near-real-time. What’s more, as an administrator, you can create granular spending controls based on a broad range of criteria, including amount, time, date and merchant category code.
You can feel at ease knowing there’s less potential for wasteful, out-of-policy or fraudulent spend. Plus, by tying virtual cards to individual billing codes, merchant categories or even specific recurring purchases, your finance leaders can track spend in real-time, and make the best use of valuable budgets.
Here’s more good news. With Emburse Cards, the reconciliation process is a breeze and completely automated. Card users can make purchases as soon as cards are authorised and issued. When a purchase takes place, the user can simply take a picture of the receipt and then forward it to their Emburse solution, where it’s automatically matched with merchant data. There’s no back and forth with the finance team or long, lengthy approval processes because your spend policy is enforced at the point of purchase.
Having oversight and control of your spend during these tough economic times can help with financial resilience. Though even more so, the peace of mind it brings you and your employees is invaluable.
Emburse Cards are now available for UK and U.S. customers of the Emburse Chrome River and Emburse Certify expense automation solutions, as well as for Spanish, Portuguese, and Italian customers of the Emburse Captio solution.
If you’d like to learn more about how Emburse Spend can help your organisation, get in touch and schedule a demo today.