Some companies use one company card for centralised spending. Others give them to senior staff members that they trust to spend responsibly. In recent years, the rise of prepaid accounts has enabled thousands of businesses to share the benefits of company cards with every employee.
Cash isn’t king when it comes to business spending. Using cash means either asking staff to pay for expenses themselves – then reimbursing them weeks later – or handing out advances. Both are inefficient, acting as a drag on morale and productivity. That’s why more and more businesses are using prepaid company cards instead.