Nonprofit organizations, including faith-based and charitable ones, are used to doing more with less. This means being able to improvise and run on a shoestring budget. This budget may not have room for costly accounting programs, and while you may not think you need them, not having appropriate controls may be costing your organization money in the end. Having careful records doesn’t have to cost a lot and can provide important insight into where to reduce expenses. And a system that lets employees and volunteers make day-to-day purchases on a card, instead of using cash or going through a lengthy reimbursement process, can also minimize check-cutting expenses and save time.
PEX offers the ability to distribute prepaid cards in nonprofit organizations, and then track the expenses the cards are used for in one place. Custom reports can be created and expenses can be easily managed and analyzed. It doesn’t take long to set up, and the service makes it easier to cover costs needed for all your projects, fundraisers, and events.
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.