Today, Aplos, the leading fund accounting software designed for nonprofits, and PEX, an expense management solution, announced the launch of a new partnership designed to help nonprofits more easily track and control spending.
Aplos clients will be able to leverage the PEX platform to distribute prepaid Aplos cards, precisely track and control spending by the organization, eliminate checks, and streamline reconciliations. By using the PEX Connector for Aplos, spending transactions and reporting can easily be integrated into Aplos’ software in real time, either manually or automatically.
“We often hear a large amount of concern around being able to maintain tight controls and precise records that auditors demand from our nonprofit partners. The new Aplos and PEX partnership can ease this burden and give real-time visibility into spend, all while eliminating the cumbersome process of tracking down receipts for audits,” said Toffer Grant, Founder and CEO of PEX.
Aplos is designed to help nonprofits and churches steward their finances by making it easy to see the financial reporting for their funds, departments, locations, programs, and fundraising efforts. The partnership will give Aplos direct integration into the PEX platform, making it simpler for Aplos clients to track their expenses for these granular financial reports.
“Nonprofits and churches care deeply about stewardship and accountability. By partnering with PEX, we can help our clients’ staff and volunteers easily make purchases while improving oversight, tracking, and transparency,” said Tim Goetz, CEO of Aplos.
Aplos is an online software platform that focuses on making it simple for nonprofits and churches of any size to manage their books, people, and giving. Based in California, Aplos has built a track record over the past 10 years of award-winning service to more than 50,000 nonprofits and churches from around the world.
Founded in 2006, PEX is a finance technology company. Their integrated card and spend management solution allows organizations to provide staff with prepaid cards to manage/track their spending through a simple-to-use web interface and mobile app. It empowers administrators to authorize purchases, create spend rules/limitations and receive real-time visibility into transactions. In addition, the mobile app enables cardholders to track their balance, submit receipts, and assign cost codes to each purchase.