How I Run My Operations Smoothly with Open’s Expense Cards
I opened a bakery shop a few years back. Everything was going well until the COVID-19 pandemic. With the start of the pandemic and subsequent lockdowns, the only way I could take up my business again was to get things delivered to customers’ homes. I learned a few basic techniques in managing delivery operations and hired a few delivery executives.
They incurred expenses related to fuel and food every day. I gave them cash to manage their daily expenses. This created a tough time for me at the end of every month as I had to sit & manually reconcile payments.
I was looking for a solution that will help me manage the reconciliation problems on a real-time basis. That is when I came across prepaid expense cards from Open. With the expense cards, it became easy to manage the delivery expenses and track them.
Open’s Expense Cards: The Real Game-Changer for Reconciliation
Before the expense cards came into the picture, it used to be very difficult for me. I used to get calls from the delivery executives every now and then asking for more funds. Also, they often told me how they had to keep receipts with them for many days before forwarding them to me.
Once I received these receipts, I had a hard time reconciling all of them manually. All these hassles were solved once I started using Open’s prepaid expense cards.
Auto-reconciliation
Now, I could assign expense cards with a spending limit to each of my delivery executives. With this card, they don’t have to wait for my approval for their daily expenses. And there was no need for them to come back to me with receipts. On swiping this expense card, they receive a WhatsApp notification. They just have to reply with the snap of the receipt so that it can be seen on Open’s dashboard.
Whenever the delivery executives swipe their expense cards, I get notified about it immediately. Once they upload the receipt, I can easily view them on Open’s dashboard & can approve them in real-time.
No need of cash to make payments
When the delivery executives swipe the card, the amount gets deducted from the amount allocated to them. So they don’t need to rely on cash for every small expense. Moreover, there won’t be any need to ask for the change back after you pay for the expenses.
Stay on top of your expenses with Expense cards
Open’s Prepaid expense cards helped me stay on top of my expenses. There are no restrictions for using the expense cards. You can swipe it as many times as you need it, until the allocated money gets exhausted. At any point you could also revoke any expense card from your end, giving you complete control over the expenses.
Besides expense cards, you could also use Open’s online banking and tax solutions. Open is one of the must have products for every business. So, what are you waiting for? Sign up on Open now & manage your business finances seamlessly for the rest of your life!