What are company cards and how can they help expenses?
For expense management, some companies use one company card for centralised spending. Other businesses give them to senior staff members that they trust to spend responsibly. In recent years, the rise of prepaid business cards has enabled thousands of businesses to share the benefits of company cards with every employee.
Related reading: Learn why Soldo cards are better than a business credit card.
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 approaches to expense management, they act as a drag on morale and productivity. That’s why more and more businesses are using prepaid company cards instead.