How do you order supplies for your business? Does it involve submitting a purchase order and waiting for a check to be cut? Does an employee have to put the supply purchase on their own credit card and get reimbursed? To bring down the cost and time of replenishing supplies, you’d probably be better served with a corporate prepaid card.
Instead of estimating the cost and then going through a check or reimbursement process, you could have the exact amount needed added to a card that could be used immediately. It would be as easy as a credit card transaction but without the risk of high interest rates. Any employee with a prepaid card could make the purchase, as long as the funds were added to that employee’s card. And all these supply purchases would be recorded in the transaction history and monthly reports, so you can quickly track and summarize supply costs to help with budgeting.
Ordering supplies doesn’t have to mean waiting for a check to be cut or a multi-step process. Business prepaid cards can streamline the ordering as well as give you easier access to valuable data. 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.