Traditional processes can’t keep up with smart prepaid cards.
Although corporate credit cards and reimbursements are a popular choice for many businesses, the only spending restrictions are sky-high limits or the depths of employee pockets. This means that until reports roll in weeks later, you’re in the dark on who spent what and where.
- 73% doubt data: Almost three quarters of respondents to an MHR survey said they doubt their month-end data.
- 70% lose time: Most businesses lose up to two weeks a month on spend management admin.
- 30 days to process: On average, it takes 30 days for a business to process an expense – until then, there’s no visibility of costs.
Find out how prepaid cards are better than a business credit card →