The corporate card is a modern and optimal solution for business. With its help, you can control all your employees’ expenses, with a limit on the money the staff can spend. This card guarantees full transparency of payments to the manager – at any moment, he can track every transaction: when it was made and what it was spent for. So the chief can always be sure that the funds were really paid for the company’s needs.
Optimizing a firm’s operating capital can only do with one of the most important details – modern corporate cards. This solution is widespread even among small businesses, as small firms can thus save the budget and greatly simplify the process of calculation and procurement. Corporate customers appreciate the comfort of using corporate cards. If you are interested in this solution, you can find more helpful information on the website of Wallester Business – https://business.wallester.com/. Any convenient card format can be issued – physical or virtual upon request.
Benefits of corporate cards for business
Complete control of finances. All transactions can be tracked in real-time. Everyone can use this offer – startups, small and big businesses, and regular or new clients of the payment service.
Quick and easy payment for goods and services. Comfortable software provides access to the full toolbar and all data: transaction statistics, classification of transactions, various indicators, etc. Depending on the desire and needs, the manager can see the status of the payment and filter transactions by specific parameters. All tools are available for maximum ease of calculation.
The timely settlement with suppliers and customers. Previously money turnover could take months. With corporate cards, you can reduce this time to a few days. Online access to comfortable software and instant payment by card increases the efficiency of working capital use and optimizes corporate financial operations.
What advantages a corporate card gives to a company
Quick sorting of transactions with a convenient tool. If your employees are on a business trip, all reports will be stored centrally, and you can control the spending at any time.
Comprehensive control of each card. You can track every transaction. You can think about using something other than additional cash solutions. Corporate cards are great for small and large businesses to conduct financial transactions quickly and easily.
Spend less time on payments. Automatic payment methods will now be offered. No need to manually enter data.
Comfortable non-cash payment. VISA allows you to make payments easily.
Perfect compatibility with financial software. Due to the full integration of accounting software, we have achieved the following favourable properties for your company:
- ull reporting of all expenses – the accountant can track every purchase of a specific employee, controlling payments in real-time;
- control of finances – you can put limits on the card separately for each employee, control every expenditure, reduce expenses, and so on.
Recommendations for proficient corporate card management
To use corporate cards for their intended purpose and protect them from unauthorized spending, it is worth taking the following steps:
- Make specific rules. An annual agreement can specify the holder’s obligations, regulations and more.
- Control your spending. Check transactions regularly, particularly double-check payments unrelated to the firm.
- Set limits. Put specific limits on the amount of money spent on the card.
- Set up notifications. You can activate alerts if the corporate cardholder plans to make a questionable payment.
- Request receipts. An accountant should conduct checks to make sure prices are honest.
- Move expenses to an online format. With a virtual payment system, it’s much easier to monitor the costs on each corporate card.
How to integrate a Wallester program into company life
If you’re interested in Wallester corporate cards, you can join the program in a few simple steps:
- Get registered on the website. To do this, you’ll need to link your account to an e-mail account.
- Submit all the necessary information about your company.
- Activate your account by sending screenshots of the requested documents and other data about your company in a convenient format.
- conveniently verify your account:
- Submit information about one director or board member. You should also list each ultimate beneficial owner who owns 25-10% of the property. If there are none, record the owner with the maximum %.
- Give the contacts of the people listed. A link to Onfido will be sent to them to verify their identity.
- After managers approve all blocks with pre-submitted information, they agree to the terms of use of the service.
- Complete the account registration, and you can get to work creating cards and tracking payments.
- If you face any difficulties, qualified customer service employees will help you to solve them quickly and efficiently.
Corporate Wallester cards are the best solution for every business. Become part of the vast Wallester Business system by issuing your employees the required number of corporate cards. If you are interested in this offer and want to get straight to the point, you should visit the company’s website.
More questions about card use
What purchases can I pay for with my corporate cards?
Corporate cards are created for company employees. They can use them on business trips to pay for travel and lodging expenses. They can also use them to pay for work-related services and goods.
What is the principle of a corporate card?
This card is almost the same VISA for virtually every company employee. He uses it, and the manager has the right to control all expenditures, to check transactions.
What is the difference between a business credit card and a corporate card? Which one is better?
These cards differ in one crucial criterion – who is responsible for transactions and debts. The corporate card is the property of the company itself. Still, it is the employee who is responsible for the expenses of the firm. As for the business card, it is accountable to the named holder.
Can employees take their cards on business trips abroad to settle?
Of course. Employees who need cards while travelling can use the business card to pay for commercial purchases and merchandise. They can also withdraw cash from these cards.
