United KingdomIntroducing Team Cards
What would it look like if you could manage your team budgets in real-time? Some companies try to achieve this by sharing a company card, but that comes with its drawbacks. We created team cards - the easiest way to gain full transparency and control over your team budgets.
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The downsides of sharing a company card
Both needs mentioned above are traditionally addressed by the use of a shared credit card.The financial manager would hand out a card for 'marketing' spent and another for ‘hardware purchases’. While this might remove the need for calculations, it certainly adds several complications to the equation.
Since there is only one card, employees cannot always have access to it, which adds unnecessary steps to any payment process. Additionally, finance teams cannot be sure how much from that budget is being spent, nor by whom. At the same time, managers don’t know which employee to chase for invoices for a given transaction.
That made us think of a more convenient and secure way to manage your team budgets.
Introducing Payhawk Team Cards
We call them Team cards, but you can think of them as shared budgets that you can connect your [corporate cards](https://payhawk.com/en-us/product-visa-cards) to. Every linked card has full access to the shared budget and each transaction is reflected in it.
Unlike sharing a card, you can connect multiple cards to a single budget. Each cardholder has easy access to their linked card in the mobile app, making it possible to spend when needed.
As a result, the finance team knows by whom and how much is being spent from the total budget and can easily connect each transaction with the respective linked card and responsible employee.
With team cards, financial managers have real-time transparency and control over their team budgets and subscriptions without the downsides of sharing an actual card. We believe this is the way modern companies should manage their spending.
Your first team card is just a few clicks away.
If you are an existing customer, you can link your current cards to a new team card. If you just started using Payhawk, you can issue new cards and link them to your team card.
You can read more about Team Cards in our help center. If you have any questions on how to set up your team cards, don’t hesitate to contact us directly.
Moving global spend forward.
Whether you have tens, hundreds, or thousands of employees, we’re making your business spend work for you, giving you control over spending at scale with a single solution. Say goodbye to tedious finance tasks, and schedule a demo with us today.
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