In This Article
It is impossible to manage a company manually. If you want to make your business efficient, you should delegate authority to your employees. This applies to the right to manage a part of corporate finances. By entrusting employees with the purchase of goods and services, organisation of business trips, and conclusion of contracts, you optimise a significant part of your work processes, reducing time costs and evenly distributing the workload. But an important question arises: how do you manage expenses so that you don't lose extra money but also don't limit your employees' decision-making? How to find that perfect balance? The answer may be the Wallester Business corporate finance management platform. Let's find out what benefits it brings to your business.
Multiple Payment Instruments
Effective cost tracking concerns not only large companies. Wallester allows you to issue 300 virtual cards for free and connect an unlimited number of physical payment instruments to the corporate financial system. By upgrading your subscription plan, you can increase this number to 3,000 or even 15,000 cards. The service also offers custom subscriptions with individual terms and conditions, which will be a perfect choice for medium and large businesses.
The best part is that after connecting to the Wallester platform, you will be able to issue physical and virtual cards in one click. The service allows you to set rules of use and financial limits for each payment instrument separately or copy them, automating the process of managing company expenses at most.
Everything Under Control
The Wallester Business platform allows managers to optimise the use of corporate finances. They can receive notifications about all transactions, as well as about excessive or suspicious employee transactions separately. The system also provides a retrospective view of spending, allowing you to analyse the use of funds on each card separately, by department, or across the company. Convenient, informative reports are available — you can understand them without financial education or technical skills.
The Wallester Business expense management platform also offers innovative tools for marketers. They significantly speed up the purchase of advertising and media time, payments to contractors, and ordering services. By creating whitelists, you can make payments automatically, without managerial approval, and even without additional 3D Secure authentication. As a result, you can gain precious seconds and minutes, staying ahead of the competition and improving your business visibility to your target audience.
At the same time, the platform allows you to make manual decisions if necessary. You can set a spending limit that requires mandatory approval. The software instantly transmits the request and allows you to respond in one click. Thanks to this, the employee does not have to spend extra time. This solution will be especially useful in the following cases:
· To manage the expenses of new employees;
· For preliminary review of payments to new counterparties;
· For purchasing particularly important goods and services.
Accurate and Intuitive Accounting
One of the challenges companies face is accounting in managing employee expenses. Receipts and other documents get lost, they may be incorrectly executed, and they might be submitted late. This leads to confusion, and in the long run, to heavy fines from the tax administration and complaints from auditors.
Wallester Business simplifies these accounting operations. To transfer data to the accounting department, an employee needs to launch the mobile application for corporate finance management and take a photo of the document. The invoice will be instantly digitised and uploaded to the cloud service. Managers and accountants will be able to quickly find it by its details to view the content and date of the attachment.
Another advantage of the Wallester expense tracking system is its open API. It allows you to create software “bridges” to instantly transfer data to accounting services and applications. This simplifies and fully automates accounting, significantly reducing bureaucracy in the company and freeing up resources to solve crucial tasks.
Why Wallester?
Of course, there are other systems for managing corporate finances and employee expenses on the market, such as Soldo and Juni. But Wallester Business stands out among them due to the following advantages:
· A free subscription with many virtual payment cards. If you are not sure whether you need to use such a service and are testing different options, this will significantly reduce your risks.
· Issuance of additional physical and virtual cards free of charge within the chosen subscription plan. Moreover, you can do this in one click — the manager just needs to specify the required number of payment instruments to make them appear on the platform.
· An unlimited number of users of the cloud service. You delegate authority within the company and are not limited to the strict rules of the programme. Managers, accountants, and even ordinary employees can use the Wallester Business expense management platform.
· Exceptional interface simplicity. The intuitive organisation of functional elements allows you to find the necessary functions and reports without extensive learning. If necessary, the developer provides onboarding services.
· Speed of deployment. The service can be launched and scaled up to the size of the company within one business day after the subscription is issued.
Conclusion
Employee expense management is a crucial aspect of business decentralisation and workflow optimisation. Thanks to Wallester's innovative solution, you can make it as efficient as possible and achieve a high level of productivity. The service allows you to give employees all the necessary authorities while maintaining control over using corporate finances and avoiding overspending.
