The Expensify card advantage for accounting firms
Accounting firms have the challenging task of managing the financial matters of multiple clients simultaneously. This responsibility becomes increasingly complex when dealing with the many receipts, invoices, and transactions generated by clients’ daily operations. Enter the Expensify Card – a revolutionary tool that is transforming how accounting firms manage their clients’ expenses.
The Expensify Card: A game changer in expense management
The Expensify Card, designed by the team behind the award-winning Expensify software, is an intelligent corporate card that synchronizes seamlessly with Expensify and your accounting package. It is a powerful tool that accounting firms can provide to their clients, offering them an integrated solution to manage their expenses and receipts more efficiently.
Key benefits of the Expensify card for accounting firms
Real-time expense management: The Expensify Card automatically informs a cardholder what to act on as soon as a transaction occurs. When a user needs to add a receipt or code an expense to a project, location, or customer, the cardholder is informed immediately.
Auto-generated e-receipts: The Expensify Card automatically generates 100% IRS-compliant digital copies of receipts, reducing the burden of manual receipt management. This feature not only saves time but also eliminates the headache of lost or forgotten receipts.
Smart Limit controls and virtual cards: Expensify’s Smart Limit controls allow accounting firms to set spending limits on client cards, ensuring expenses adhere to company policies and guidelines. Moreover, virtual cards offer additional security measures by allowing a unique card number to be generated for each vendor, reducing the risk of card information being compromised.
Instant visibility and control: With the Expensify Card, you can monitor client expenses in real-time, allowing for proactive management of budgets and financial forecasts. This instant visibility into your client’s spending habits enables you to offer valuable insights and recommendations.
Effortless reconciliation: The Expensify Card syncs with the Expensify software, which integrates with most major accounting software. This seamless integration allows for easy reconciliation of expenses, saving you and your clients valuable time each month.
Cash back rewards: Our firm partners receive a 0.5% revenue share on all client Expensify Card purchases. Your firm can choose to pass on that 0.5% cash back to their clients (such that your clients can receive up to 2.5% cash back on all transactions) or keep that percentage for the firm. This reward system is an attractive feature for your clients and can result in substantial savings over time.
In an era where digitization and automation are the norms, the Expensify Card offers an innovative solution for accounting firms seeking to elevate their client service offering. By streamlining expense management, improving financial accuracy, and providing cash back rewards, the Expensify Card empowers accounting firms to focus on what matters most – providing top-tier advisory services and driving client success.
