Currently, your business may be reimbursing employees for these expenses, but it can be unrealistic to expect a building/property manager to front costs that may be quite high if the unexpected happens. Or you may be giving employees cash advances which means they may have to stop by the office to get cash directly, and then remember to collect every receipt. It also costs time and money for claims to be filed, checks to be cut, and cash advances or reimbursements to be made. You can cut out these costs by having a simple way to plan and allocate for expenses upfront.
Toffer Grant is PEX's Founder and CEO. He founded PEX in 2006 as a prepaid card solution for small businesses. His background in the prepaid industry began at Clarity Payment Solutions, where he initiated 65 prepaid card programs in consumer, corporate, and emerging verticals of the prepaid card industry.