The conditions for efficient use of funds on corporate accounts may seem paradoxical and contradictory. On the one hand, you want to give your employees maximum freedom and authority so they can take initiative and make quick decisions. On the other hand, you need to tightly control all financial flows, ensuring that every monetary unit is used productively. Is it possible to find a solution that meets both requirements? Yes, these are business expense cards by Wallester Business. Let’s find out how they work, their advantages, and how they differ from similar products.
The Best of Both Worlds
Let’s start with the freedom of action. The Wallester Business platform allows you to instantly issue an unlimited number of corporate cards, connecting them to centralised accounts. You can create them for regular use or specific tasks by setting limits on the amount of spending and the number of transactions. The platform also provides employees with access to the Wallester mobile app, which allows them to digitise invoices and justify expenses. To do this, select the appropriate function and take a photo of the document.
The control element is essential for expense cards. Wallester Business provides access to a centralised platform for issuing company expense cards. You can get real-time information about purchases, approve or reject transactions, collect statistics, and keep accounting records. The system allows you to generate a summary report in one click to prepare a presentation or discuss the company’s financial position with managers.
Benefits of the Wallester Corporate Card Management Platform
Currently, expense cards issued by Wallester operate in 37 countries, including the entire European Economic Area, the UK, the USA, Canada, and Hong Kong. They allow you to pay for purchases in euros without transaction fees for 10 other currencies, including the US dollar. The first 300 cards are issued free of charge, making the service an ideal choice for large corporations and SMEs.
The advantages of the Wallester Business corporate card management platform also include the following:
- High level of customisation. You can create personalised payment instruments for each division of the company, choosing the terms of using the funds and the design.
- Integration into corporate software. The platform can connect to your ERM, CRM, and other services. REST API support ensures the ease and convenience of information transfer.
- Full analytics. You have access to consolidated reports and data on the use of funds on individual expense cards. The service warns you about the exhaustion of limits and unusual transactions on specific accounts.
- Quick start. Registration on the Wallester Business platform and the first payment with a corporate card takes just one hour. You don’t need a powerful IT department or a separate finance department to use this solution.
- Simple procurement. You can create whitelists by adding companies, bank accounts, or even payment purposes. These transactions will be confirmed automatically, reducing the workload on management.
Another important advantage is that you can issue your expense cards and service them for free. By upgrading to a paid tariff plan, you get additional benefits, such as advanced analytics, access to personal support, an increased number of virtual cards, etc. With a wide range of Wallester Business subscriptions, you can choose the best option for any business — from a small coffee shop to a multinational corporation.
Why Wallester Business?
The main advantage of the service is simplicity. The centralised portal and mobile applications have an intuitive interface. Thanks to this, you can quickly integrate the corporate card management platform into your business model. You don’t have to spend time and resources on employee training and professional development.
Another advantage is multifunctionality. Wallester Business is not only about expense cards. It is also about payroll projects. You can issue payment instruments for settlements with company employees, regular contractors, freelancers, partners, etc.
Using Wallester Business expense card issuing solutions, you also make your business dynamic, allowing it to respond quickly to all possible challenges. The real-time transaction approval and whitelisting features allow you to get the right goods and services on time, staying ahead of the competition and improving the quality of service for your end customers.
How to Connect to Wallester Buiness?
If you already have a business, the procedure will be straightforward. Enter your company details and IBAN account number to which the expense cards will be linked. Choose the best tariff plan, learn about the platform’s functionality, and start issuing corporate cards.
Does your company exist only in plans? Integrate Wallester Business into them right now. A free product demo is available on the website. You can try managing accounts of businesses operating in various industries — retail, financial services, IT, etc. The demo helps you understand how the platform works and optimise business processes in advance, gaining a serious competitive advantage right from the start.
