We came across this article
recently and couldn’t agree more about the importance of cash flow and the impact it has on running a successful business. In fact, it’s important to have a steady cash flow when running any small business. There were many different factors listed, but we hope to help in one particular area -- employee spending. Spending money takes all different shapes and sizes for small businesses, from paying bills, to upgrading equipment, to company credit cards that employees use when they are out on the road. This last point is what interests us.
Managing multiple company cards and expenses can be a tall task. Those business owners who can do it successfully seem to be rewarded the most, and we feel that using business prepaid debit cards provides a means to achieve this success.
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.