![]() Then, your admin can then set up employees and provide them with personal credit limits linked to a company credit card that Divvy provides. Your company can start using Divvy with a streamlined credit application that allocates credit to the company as a whole, reducing the burden placed on individual employees. How to use Divvy expense management software More recently, companies like Divvy (Figure A) have made expense management tools available to smaller companies and with Divvy, in particular, the tech-forward approach is an excellent fit for growing technology companies. These expense management tools were usually the domain of larger companies that could negotiate agreements with credit card companies and purchase expensive software. What is expense management software? Expense management software addresses these challenges by integrating payment cards, employee tools, and reporting and management in a single platform. In short, this administrative work will probably lead to limited insight. ![]() And, your organization might be awash in recurrent payments for everything from software licenses to office services that are no longer being used or are duplicates. This provides limited oversight also, unless someone diligently collects and aggregates expenses, your company likely doesn’t have a good handle on which departments are spending what. The benefits of using expense management softwareĪt growing companies, expense management might consist of a shared spreadsheet and a half-baked approval and reimbursement process. Administrative tasks tend to fall on the back burner based on the idea that scarce time and resources should be focused on the core business expense management software is one way to make financial admin tasks easier. Tech companies have dozens of critical concerns, from hiring and retaining talent to ensuring products and projects hit their deadlines. How expense management software can help improve productivityĮxpense management software such as Divvy can reduce the administrative burden of expenses reporting and free up your team’s time to be more productive.
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