How PEX Card Can Simplify Expense Management for Concrete Contractors
The World of Concrete (#worldconcrete #woc) construction event for concrete and masonry contractors is a great opportunity to network and meet with suppliers and vendors that offer products and services to help you differentiate your concrete business. But taking care of your employees’ needs is a big part of your business that can’t be overlooked. Especially when it comes to efficiently and effectively managing your employees’ expenses.
As a flatwork concrete and precast concrete contractor, your technicians can easily rack up expenses from travel and costly equipment. Often the related expenses are incurred in the field — on the way to a job or midstream when something breaks.
Choosing how your employee covers these expenses can have a big impact on your concrete company’s financial management.
Solutions generally fall into 3 categories:
·Company credit cards — a small business credit account guaranteed by the owner
·Cash advances — wiring money to a personal account or providing actual cash to an employee
·Out of pocket by employees — the employee pays on their personal card and submits an expense report for reimbursement.
PEX Card offers a better way for concrete and masonry contractors to control, track and administer how employees pay for travel and equipment or supplies.
Introducing: Corporate Prepaid Cards PEX Card is an innovative corporate prepaid card service providing a payment solution for managing employee spending. The service links Visa® prepaid cards to an administration tool that can be accessed via website or apps installed on iPhone, iPad or Android phones / tablets such as the Samsung Galaxy II or the Galaxy Tab.
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.