When it comes to managing business expenses, time is of the essence. Every minute spent tracking down a receipt or cutting a reimbursement check for employee expenses is one that’s not spent on the core of your business. To help you focus on what matters most, like growing your business, we have prepared a list […]
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What is Involved in Getting Prepaid Cards for Business?
There are many advantages to using prepaid cards for business. These benefits are highlighted in the white paper, “Prepaid Expense Cards: Helping Small Businesses Solve Cash Flow Dilemmas.” This white paper was sponsored by Karmic and Mastercard, and prepared by the Mercator Advisory Group. First and foremost, prepaid cards for business are funded with money […]
Case Study: How Does Dropoff Use dash Prepaid Cards for Business?
We asked the Controller at Dropoff, Lisa Capps, a few questions about the company’s experience using dash prepaid cards for business. With dash, firm control of business expenses is in the palm of your hand. Here’s what Lisa told us: What Does Dropoff Do? Dropoff has become the first national brand to modernize the standards of […]
What Are the Most Common Types of Prepaid Cards for Business?
The idea of prepaid cards for business seems straightforward enough – you have available funds, you add them to a card, and you use that card to spend your money in a way that is safer, more secure, and easier to carry than cash. But there is still some confusion about the various types of […]
Fight Fraud With Improved Employee Expense Controls
In an ideal world, every company would provide an employee expense fund for reasonable purchases, employees would submit only expenses that were directly related to their jobs, and the need for employee expense fraud controls would be a thing of the past. Unfortunately, the Association of Certified Fraud Examiners recently found that about 14.5% of […]
Prepaid Cards Help Control Costs in the Construction Industry
When it comes to estimating construction costs, there are a lot of unknown factors that can affect project timelines and construction expense management. Unforeseen weather delays, supplier shortfalls and breaks in the supply chain are just a few of the possible culprits, and the effects of these elements are often only an estimate until the […]
Why Not Use a Personal Card for Business Expenses?
For many entrepreneurs, the path to independent business ownership is paved with hard work and a considerable chunk of their own money. When one is just starting out, and expense management is relatively uncomplicated, it’s tempting to mix business and personal expenses by paying cash or using a personal card. After all, you’ll collect all […]
Top 4 Causes of Small Business Failure
Most small businesses start with a challenge or a dream and a whole lot of hard work. Hundreds of thousands of new businesses are founded every year, and it’s safe to assume that the founders of those companies are hopeful they will withstand the test of time. And yet, whether it’s due to bad timing, […]
Conquer Expense Management for your (Not-So) Small Business
According to a 2016 research report from the U.S. Small Business Office of Advocacy, small businesses accounted for 63.3% of net new jobs over a 20-year period. The meteoric rise in the value of small business to the economy simply cannot be ignored. It’s no wonder there is a plethora of articles and information aimed […]
If Time is Money, Why Are You Wasting Yours on Employee Expense Reports?
For many small business owners, the decision to hire an employee is the first step on the path to lightening the load of growing and managing the business. But before long, the work that comes as part and parcel of being “The Boss” can seem overwhelming. Of all the activities that accompany adding members to […]