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1. #Divvy credit card requirements update#
2. #Divvy credit card requirements manual#
3. #Divvy credit card requirements software#

With these solutions, setting up a new employee is a simple process that also allows granular rules to be set up to combat the "trust" concerns typically associated with corporate cards. They can eliminate the employee expense reimbursement process altogether. Historically, the use of corporate cards has been reserved for a small group of trusted executives/owners due to the lack of oversight and control associated with issuing a credit card to an "authorized user." However, some new solutions are changing the way we think of corporate credit cards. The payment process occurs automatically and (when configured) gets entered into the general ledger without any additional human effort.

Once approved, it will be forwarded to the next step in the process, i.e., payment. When reviewing the expenses, a reviewer can submit questions within the portal that are delivered immediately to the employee for their explanation. A streamlined manager interface for reviewing employee expenses eliminates the paper shuffle by organizing all submitted expense reports in a single view. We've been focused on the employee experience, but the back- of- the- office benefits are huge as well. At the beginning of your trip, you can open your app, initiate a reimbursable trip, and automatically capture the mileage as you drive. The benefits of the mobile app go beyond just the camera and extend to mileage capture. The steps look like this: Order your coffee, take a picture of the receipt, take a sip of your coffee, provide a few minor details in the app, and you're done. Simply take a picture of your receipt on your phone to capture the expense. The savvy user can capture, categorize, and submit expenses right from a phone.

#Divvy credit card requirements software#

Simply forward the email receipt to a specific email address, and 85% of the work is done.Īn additional benefit of these software solutions is their mobile apps. One of my favorite features is the email automation to capture the receipts. In addition to the core applications, these solutions include many popular vendors used on expense reports, such as Kayak, Lyft, and Uber. These solutions typically integrate with many popular applications, including all the major accounting general ledger packages and many payroll providers. These applications eliminate the need for the monthly "hokey pokey expense report shuffle" mentioned above and simplify the process of collecting, submitting, approving, and ultimately paying the expenses. Solutions to streamline the processĮxpense reporting software has quietly been maturing for many years. Put down those paper receipts and read on.

I've broken down some of the best options for automating this tedious process. On top of that, consider the hours put into reviewing and approving the PDFs (fingers crossed for no questions), entering them into the accounting software, and cutting the checks.įortunately, as we start 2022, just about everything we do daily has been automated in some way.

#Divvy credit card requirements update#

Think about all the time and money being wasted for the human hours it takes to scan the receipts, copy last month's spreadsheet, update the cells, and then print, sign, and scan again to submit the expense report. I am blown away every day by how many companies still use paper receipts and complicated spreadsheets to manage expenses. Is there a better way to do expense reports?Ī. Now that we are processing a lot of expense reports again, it's taking up way too much time.

#Divvy credit card requirements manual#

During the pandemic, we had far fewer expense reports to process, which saved us many hours of manual work.