InteliSpend Prepaid Solutions has launched an Expense Visa Prepaid Card, designed to help companies better manage corporate spending and streamline administration for business expenses. The Expense Visa Prepaid Card offers spending limits, transactional reports and is supported by InteliSpend’s programme management options that range from self- service to a fully customisable solution.
According a March 2011 report from the Aberdeen Group, companies that automate their expense management processes showed a 63% cost reduction rate over competitors and a 42% higher rate of compliance with corporate travel policies.
A custom expense and cash management solution, the Expense Visa Prepaid Card can be used as an alternative to traditional corporate cards or to augment current corporate card programmes. Using DirectSpend, InteliSpend’s patented process, spending on the Expense Visa Prepaid Card can be limited by industry and merchant. In addition, any unused money preloaded to the card can be returned back to the sponsoring company.
“Keeping a tight rein on spending is a business necessity. With our new Expense Visa Prepaid Card, we have created a solution that gives companies a better way to manage cash expenses with built-in features that allow for the return of unused funds back to the funding company at any time,” said Darryl Hutson, chief executive officer (CEO) of InteliSpend. “Detailed reports that show you where your expense dollars are going and the Visa brand which is known around the world, make this new option a real value for our customers as they search for ways to keep a handle on spending.”
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