The travel reimbursement process can be time intensive. Expense reports need to be processed, checks need to be cut, and payments need to be filed for reporting. So how can you make the travel reimbursement process more efficient? One of the easiest ways to do this is to create a method of paying for travel expenses that doesn't require employees paying upfront and then being reimbursed. If the employees use a company card instead of their own cash or credit card, there will be no need to utilize company accounting resources or burden employees with financing company purchases.
It can be very efficient to put money on a company card. And while a credit card might be difficult to obtain and pose some risk if employees overspent, a business prepaid card can offer all the convenience without the potential for problems. With the PEX Card, all your company purchases are controlled from and listed in one place, and there is no need for reimbursement, making the process that much more efficient.
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.