Having a team of employees with different roles is essential for the proper functioning of a company. It’s not just about assigning tasks, but also about allocating the budget according to the needs of each employee.
Expenses are a very important factor in evaluating a company’s health as they represent monies that are either spent or reserved for future spending. Of course, this doesn’t mean these expenses have to be fully authorised by the senior management team. As all businesses have to operate, be agile and stay profitable, there are procedures in place that give workers autonomy to handle their own expenses.
In this blog article, we explain how.
Give access to physical and virtual cards to your employees instantly
As a business owner, do you ever wonder how much your employees spend with their corporate credit cards? You can easily order, terminate or freeze your employee’s cards, set spending limits for each card, transition, or per day and month, all from your online dashboard as you have a 24/7 card control.
The cards can be assigned to a user, cancelled anytime and re-assigned to someone else to give you more flexibility.
Control your team expenses and set up limits
everest allows you to manage your employees’ expenses and payments, cards and budgets in real-time. Avoid duplicates, track who paid how much and when, reconcile all expenses in one place, get insights into what’s normal for your teams’ spending and give each of them the power to manage their own expenses.
Everest is an intelligent expense management software that allows you to manage and forecast expenses in real time, so you can get the big picture whenever you need it. For example: define spending limits for each card and for each employee, so they can work out their own budgets and make payments without disrupting your view of the overall financial situation.
Scan receipts and attach them to the report for easy reporting
Get rid of the chaos in your expenses. You can easily scan and upload your receipts with the camera of your mobile phone for fully digitalized receipts and keep track of your business expenses by categories, adding tags and comments. You will know in which category the expenses are the most important and where you should be more careful. Gain transparency and a clear view of the level of costs and activities to better control internal resources for business optimization.
The automatically generated statements allow you to access your financial information in just a few clicks. You can also download statements into CSV files to simplify accounting and make it easier to import historic data into your bookkeeping or tax software.
everest is a powerful expense management solution that allows you to control, monitor and track your employees’ expenses. From managing the budget to understanding how much your team spends on different categories, everest can help you get a clear picture of how much money your company spends each month.