Blogs and best practices from the world of Fintech
Business digitization isn’t a choice but a necessity for every kind of industry nowadays. We’re in the age of the fourth industrial revolution, after all. So, it can be hard to believe that so many businesses still have cash flying around when physical and virtual company cards make forecasting, spending, and budgeting so much easier.
Easier to obtain than a regular loan, the credit card is a tool widely used by businesses nowadays. Its prevalence can be explained by the level of comfort and security it guarantees business owners, and the side benefits it can offer. Credit cards are common among companies which want to improve their cash flow management practices, as well as startups and small businesses, which are not always liquid enough to cover large purchases. With the use of credit cards on the rise, it is essential to know which one to pick. Here is how.
Imagine — or maybe even remember — how your team would make payments pre-company cards. A few years ago, they had to phone through on a landline or get written approval, maybe get something stamped, dig out the cheque book, hang on to an illegible handwritten receipt, and so it goes on.
Now, the cheque books are banished, and company cards have helped make work purchases easier than ever for your team. But what about when they forget their card, or even worse if it’s been stolen. Here’s where smartphones and digital wallets come in. The modern phone is a jack of all trades, allowing your colleagues to pay and transfer money conveniently and safely (as well as all of its other functions).
Businesses in general use virtual cards for online transactions such as marketing campaigns or subscriptions. However, the travel sector has used virtual cards for more than 20 years now. The accessibility, ease of issuance, and control have made this payment method almost indispensable for travel managers.
To innovate, or to become obsolete – these are the rather limited options posed to companies around the world today. Fast-growing markets penalise those who take too long to listen to consumer trends or fail to bring forward optimisation for internal processes. As a customer-centric company, we’ve built a product to simplify as much as possible mundane activities like spend management, so companies can focus on their growth instead. True to this vision, we are releasing a top-notch package that we are sure will disrupt the market.
Payhawk introduces industry-first 3% cashback on all payments, integration to Microsoft Dynamics 365, and Single Sign-On for enterprise clients, as the company looks to disrupt the corporate payments and expense management market.
Do you want to know about Europe’s major fintech industry launches and announcements? Or, are you curious on how we should prepare for the arrival of programmable money and assets? Finally, a non-virtual event that will answer those questions and many more. This September 21-23, Amsterdam will host Mоney 20/20 – the biggest fintech show of the year and we are so excited to be part of it!
An idea that promises to disrupt the market is short of being enough. It’s the hard work and perseverance behind it that truly transform a concept into a must-have solution for businesses. Providing such value to users is not without its challenges, which makes having the best people by your side critical to success. Payhawk found the right ones from the very beginning – and at the heart of the engineering team where our product first took off.
Choosing the correct accounting software is crucial for high growth CFOs. It should accurately record financial data for compliance purposes and support CFOs making informed decisions. Here we explain 6 factors to help you make that decision.