This feature is currently in beta and is only available to US customers (that have a US bank account). If you're interested in streamlining purchasing with Spending Card for your organization, contact your Customer Success Manager or select Contact Us at the top right-hand side of the webpage.
What is Spending Card?
Unlock the full potential of Procurify through smart company cards that require pre-approval before spending. Spending Card allows organizations to issue a dedicated card to anyone on their team, not just executives. Track and control all the ways that purchasing happens in your company.
Prevents rogue spending
Spending Card has to be approved before cardholders can access funds. This allows for better control and visibility of cash flow by requiring pre-approval for card-based purchasing.
Tighter controls over spending compared to company credit cards
Instead of people sharing corporate credit cards with each other, you can now give Pay cards to all of your employees for free. By requiring approval for all spend, Pay gives you control over company expenses.
Streamlines and simplifies month-end for the finance team
Shared bank cards can cause the finance team issues at month-end. This is because spending has no pre-approval, there is uncertainty as to who made the purchases, and no accountability with receipts.
Spending Card prevents those issues from occurring. There is less time spent chasing people for context as it’s all added when a request is submitted. After your team spends, the finance team gets all the info they need, in real-time. For all transactions done with Pay, you can see who made the purchase, who approved it and even see the relevant receipts.
Distributes purchasing abilities to your entire team with proper controls in place
With Spending Card, the power to purchase is given to the whole team. Any team member can be given a Spending Card with proper checks and balances in place.
Simplifies requesting funds
No more needing to ask for money after the purchase has been approved. After you’ve been issued a card, funds are available instantly once a request is approved.
Learn more about Spending Card:
The Spending Card program's issuer is Celtic Bank, a Utah-chartered Industrial Bank (Member FDIC). The card type is a Visa Commercial Credit card.