Limit spending with expense management

Whether you have a company of one or an agency with dozens of workers, sometimes you need to delegate spending authority.

And even if you’re the sole spender in the company, it might help to have a system that helps you plan and control spending.

That’s where an expense management system (EMS) comes in.

An EMS helps you plan, approve, and record expenses all in one place. A good EMS also integrates with your accounting system, providing seamless reporting of business spending.

If you have employees, contractors, or virtual assistants, you really should use an EMS to delegate spending authority.

Never let anyone else use your business credit card.

With Divvy, my preferred EMS, you can easily create budgets, assign spending limits, and create unlimited virtual credit cards. This lets you assign one or more cards to each worker, with pre-defined spending limits, keeping you in control.

You can also create virtual cards for specific vendors. This protects your other cards from security breaches. And for recurring charges, setting a monthly spending limit prevents unwanted charges or unknown price changes.

An EMS also provides useful data on your spending habits. Divvy’s Insights show you what you’ve spent and help you forecast what you’ll need to spend in upcoming months.

So let me know…

How do you currently manage spending in your company?

Does your company have a spending strategy?

Do you know your spending habits and needs?

Hit REPLY and tell me about it!