By: Divvy Inc.
Divvy is a financial services company that provides corporate credit cards to organizations and streamlines their expense management systems. The streamlining, in turn, helps organizations to cut back on unnecessary spending and bring more transparency into the system.
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Organizations have to incur a lot of expenses as a part of their day-to-day operations. From sponsoring business trips of employees to procuring material for different departments, the expense list goes on and on. While the bigger organizations have a set procedure for claiming such expenses, the smaller ones generally don’t.
They rely on the employees’ words and reimburse the expenses. Additionally, they do not have the infrastructure to build procedures around expense management, and hence the rudimentary processes carry on. While the process may seem simple, it soon starts to create a number of problems for the organization. For one, most expenses go unchecked, leading to a rise in unnecessary spending.
The Divvy advantage
For cash strained businesses, this can turn out to be a major issue. Apart from these, the overall cash flow in the organization also takes a hit. Organizations end up spending on things they don’t really need and then do not have the capital for things that really matter. To solve such expense-related issues and help organizations streamline their spending activities, Divvy offers a corporate credit card that comes with no extra cost. The credit card has wide acceptability and can be used by employees to pay for a variety of expenses. From hotel bills to procuring office stationery to paying for miscellaneous expenses, the card can be used everywhere.
Efficient expense management system
Additionally, Divvy offers a dedicated mobile app that lets employees categorize their spending in real-time. This enables the managers and business owners to have real-time visibility of the expenses and track their expenses easily. Such visibility and tracking allow the managers to make the expense management systems more transparent and manageable.
To further enhance the convenience for users, Divvy also offers integration with Intuit Quickbooks. The use of credit card, coupled with the streamlined expense management systems make it extremely convenient for organizations to handle their expenses and spend on essential resources.
All-in-all, the credit card offered by Divvy can be a good addition to an organization’s expense management system, and its use would help the organization to not only cut back on expenses but also use its capital more judiciously.
Company Name: Divvy Inc.
Founded In: 2016