An important advantage of PEX Card over company credit cards or even other prepaid cards is that it helps to improve communication between employees and managers. Open communication that keeps everyone on the same page is vital to any business and assumptions or miscommunication can affect the bottom line. PEX Card can open the lines of communication by requiring a exchange of information about expenses.
Managers can add funds to an employee's prepaid card with a press of a button and then both parties will know how much should be spent. In fact, money can be put on the card at the time of purchase and the funds will quickly be available. Then, detailed reports show exactly where the money went. Employees and managers then know what is going on and and a time is built for checking in and getting input. Communication can quickly fall apart between employees and managers without consistent effort and a feedback plan.
PEX Card can provide an easy way to manage funds as well as create an appropriate time for initiating these valuable conversations.