Managing expenses has increasingly become a priority for business owners and managers. In fact, many organizations have performed thorough reviews of their expenses and have taken action to reduce unnecessary spending and to control costs better.
Each year, businesses spend a significant amount on their employees travel costs. However, without proper controls in place, unauthorized spending can occur as well as overspending. By using travel per diem cards, companies can monitor and better manage their employees travel expenditures.
Key Benefits for Business Owners:
- Costs can be controlled by creating customized spending limits for each card issued and limiting access to only approved merchants and preferred vendors.
- Ability to control the amount of funds available each day, ensuring that employees are only spending the approved daily amount for meals and expenses.
- Ability to limit purchases to only travel expenses.
- Cards can easily be created and are perfect for infrequent travelers or an independent contractor.
Key Benefits for Employees:
- Eliminates the hassle of having to pay out of pocket, collect receipts and be reimbursed.
- Simpler management for travel related costs.
- Immediate access to funds and can be used anywhere MasterCard is accepted.
- Is more secure than carrying cash.
- Receipt information is documented and submitted automatically.
As a business, travel per diem cards helps streamline and reduce costs. At Emburse, our solution can help your business:
- Reduce administration time and costs
- Improve reporting and record keeping
- Eliminate check issuing and reimbursements
If you would like more information or schedule a demo where we can show you how we can help your organization better manage travel expenses, contact us today.