As nonprofit organizations, churches and charities are used to doing more with less. This means being able to improvise and run on a shoestring budget. This budget may not have room for costly accounting programs and while you may not think you need them, this may be costing you money. Having careful records doesn’t have to cost a lot and can provide a lot of insight into where to reduce costs. And having a system in place that lets employees and volunteers purchase expenses on a card instead of going through a lengthy reimbursement process can also minimize check cutting expenses.
Both an expense tracking program and cards can be found in the same place. PEX Card offers the ability to distribute prepaid cards and then can track all the payments the cards are used for in one place. Custom reports can be created and expenses can be easily managed and analyzed. It doesn’t take long to set up and makes it easier to cover costs needed for all your projects, fund raisers, and events.
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.