Corporate card for all your business expenses
Empower your team using corporate credit card with built-in dynamic controls that can be managed by you anytime, anywhere. Share company funds safely across departments and operations, and track business expenses in real-time.
Use virtual corporate cards to automate subscription payments. Choose the best spend management provider for corporate credit cards in Australia.
Trusted by finance teams at startups to enterprises.
Corporate cards with proactive controls
Volopay’s versatile controls safeguard company funds against unauthorized spending. Create a rule-based, multi-level approval policy configured right into the platform for all corporate credit cards.
Approvers can accept or deny requests for additional funds submitted by employees in real-time. Freeze or block any card without compromising access to company funds for an extra layer of security.
Real-time expense tracking
Experience total transparency in every single expense. Get the best corporate card in Australia that keeps track of the where, when, and why of every transaction.
Assign dedicated cardholders for all corporate business cards to track spending patterns and identify unscrupulous activities. Monitor all subscription payments on a single dashboard and know exactly what you are paying for.
Easy subscriptions with corporate card
Replace manual subscription renewals with Volopay’s automated subscription management. Create instant virtual corporate card with customizable autopay features and save countless hours every month. Generate burner cards for one-time payments or trial periods, and recurring cards for regular subscriptions.
Get advance push and notifications about insufficient funds and eliminate all late fees. Centrally manage all your subscriptions from a live dashboard with a clear view across all SaaS tools.
Premium physical cards for your team
Swap out your single business credit card with dedicated corporate credit card for all teams. Experience a rich and exclusive feel with corporate card that can be customized as per your branding needs and company logo.
Empower employees with physical cards for increased efficiency and smoother cash flow. Each card comes equipped with built-in spending limits for easier expense policy compliance.
Expense reporting, simplified
Every dollar that leaves your company can be accounted for, using our high-powered web software and mobile application. Each payment made using corporate cards for employees is meticulously tracked in real-time and properly filed in our system.
Our software syncs beautifully with your existing accounting software, helping you autofill general ledger codes and export expense reports, closing your books ten times faster than any other software.
Financial stack for business
No more switching between multiple bank accounts and tools to run your smart business. We have combined great software with every service you are using a bank for, to produce a state-of-the-art financial platform.
Empower your employees with physical and virtual cards
Manage and track every dollar that leaves your company
Open a global account with multi-currency payments.
Manage vendors, approve invoices and automate payments.
Save hours daily, and close your books faster every month.
Integrate with the all the tools and software that you use daily.
Empower your team with smarter corporate cards from Volopay
Volopay corporate cards vs business cards
- Complete control over your budgets
- Budgeting
- Unlimited cards
- Configure each card and set budgets
- Integration with accounting Software
- AI to detect savings and frauds
- Auditing ease
- Hassle free quick on boarding
- Automated recurring payments
- Requirement for manual inspection of receipts
- Requiring manual data feed
Corporate credit card benefits
Smooth reimbursement process
Employees who frequently travel often find the reimbursement process to be inconvenient and time-consuming. However, corporate card can simplify this process for both employees and their employers. Employees do not need to use their own money or hold onto receipts.
Additionally, corporate credit card allow employees to access funds quickly, enabling them to book tickets in advance and potentially save money on travel costs.
Enhances cash flow
Cash flow difficulties often arise due to poor financial planning. Volopay can help you stay on top of your current spending and plan for future expenses. The in-app credit feature allows you to manage current expenses without having to dip into emergency funds or savings.
Having access to extra funds can also help you execute your growth plans and strategies, leading to increased revenue and thus enhancing the cash flow.
Boosts business credit score
One way to establish credit from scratch or repair damaged credit is to borrow responsibly and make timely repayments. By applying for credit through Volopay and using it responsibly, you can improve your business credit score in a shorter period of time.
For businesses, it may take at least two or three years to improve credit score through business loans. By using monthly credit, you can accelerate this process.
Hassle-free business travel
If employees have to pay for business travel out of their own pocket, it can cause delays due to less funds. They also have to keep track of all receipts and expenses until they return and submit them for reimbursement. Corporate cards with credits eliminate these issues and allow employees to travel with peace of mind.
They don't have to worry about managing expenses and can focus fully on their trip.
Manage vendors easily
A large portion of your business funds go towards paying vendors. If you want to organize and track these payments, corporate cards can be useful. Each vendor can be assigned their own card, which can be used to make payments on a regular basis. You can also tag each vendor with the relevant department.
This makes it easier and more accurate to track vendor payments by department.
Fewer instances of expense fraud
Expense fraud can take many forms, such as unauthorized spending, fake bills, and double-submitting the same expense report. To protect your company's finances, it's important to have a transparent system that tracks expenses and makes the data accessible to finance team and all relevant parties.
This helps finance teams to stay vigilant and prevent misuse and fraud.
Why should you choose Volopay corporate card for your business?
Security of the card
Each corporate card can be isolated from the network by freezing or blocking it. Hence, they are more secure than regular credit cards.
No hidden fees
Volopay offers some of the best exchange rates on the market, and there are no hidden fees in your domestic or international payments.
Multi-currency wallet
With Volopay's multi-currency wallets, you can load funds in a different currency and make payments using that currency making international hassle-free.
No personal liability
Your personal credit score won't affect your eligibility for credit and corporate cards with Volopay. We only consider your business spending capacity, credit score, and repayment history.
High Credit Limit
You can manage your additional funding needs by obtaining higher credit limits from Volopay. Use the funds within the app and pay them back at the end of your spending cycle.
Physical and virtual corporate cards
Volopay offers both physical and virtual corporate cards that can be used within the same platform, so you can choose the option that best suits your business needs.
How to choose a corporate card provider - Factors to consider
Choosing the best corporate card provider for your business is not that easy. Below are the few factors which should be considered before choosing the right provider for your business.
1. Type of card offered
Corporate credit cards can be used for different purposes. Based on the purpose, cards can be one-time cards, recurring payment cards, travel corporate cards, physical corporate cards, and many more. While choosing your corporate card provider, ensure they can offer cards for your business purposes.
2. Perks and privileges
There are a variety of perks offered by the corporate card providers in the form of rebates, cashback and points. Based on how you spend, you will get any of these perks added to your account. You can also claim these perks in your further payments. Check your perks while choosing your corporate card provider and save while you spend.
3. Fees and other charges
Corporate cards usually have annual fees and charges. Review about the payment plans and other charges before choosing your card provider. Some of the providers have hidden charges for all your payments and may have only limited free payments. You must ensure and choose a provider based on which plan suits your business needs.
4. Credit limit
The credit limit varies depending on your credit score and history. This applies common for all corporate card providers. Credits can be easily approved if you have a good and eligible credit score.
5. Ease of applying
Offline application process always seems to be tedious and time-consuming because of the application forms, endless document requests and moving to the bank locations. It is advisable to choose online corporate card providers who offer hassle-free online applications within minutes. This way business owners can save time and can get access to corporate cards in minutes.
Learn more about our corporate cards
Use a single dashboard to manage all your business cards along with business-wide visibility on spends in real-time. Avail super easy credit line for day-to-day business expenses.
Physical Cards
Is using a single business credit card for all expenses creating a bottleneck situation for your company? Streamline your cash flow with a smarter spending option. Entrust your team with sleek physical corporate cards for effortless payments. Set customized expense rules on every card per your policy and we’ll help you enforce them.
Virtual cards
Generate instant virtual corporate cards for one-time and recurring payments. Set up the recurring frequency and expiry dates to automate all your subscription payments. Get the highest protection against fraud by allowing you to block or freeze your virtual cards to protect your funds against online threats.
Business credit
Start a super easy line of credit for your daily business expenses. Volopay offers the fastest approval process for instant credit up to $500K. Set up customized repayment cycles without personal guarantees and minimal documentation. Grow your credit limit in tandem with your business growth. Spend your credit amount using our corporate credit card for a lightning-fast and smooth experience.
FAQs on corporate cards
A corporate card is also one of the business credit card which helps employees to make all work related expenses. These cards are often used to cover expenses related to business travel, office supplies, and other costs incurred while performing their job duties.
The difference between corporate credit cards and business cards is the bearer of payment & fees liability. The liability for corporate credit card falls upon the company whereas with a business card the primary cardholder is held liable.
Any company that has to make regular expenditures can qualify for and benefit from corporate cards. To qualify for Volopay corporate cards, for example, a company needs to meet certain eligibility requirements related to business type, company size thresholds, and activity expected.
No, instead of the user's credit score, corporate credit cards affect the credit score for the business entity it is connected to. Corporate cards can also help boost the credit score of an individual indirectly by helping them avoid business expenditures from their personal cards to keep credit utilization rate at a minimum.
Yes, you can obtain a credit card issued under your company's name. Banks or other financial platforms like Volopay offer different types of credit cards that can easily be issued under the name of your company.
Based on your choice of credit card, the issuing bank or financial platform may proceed to scrutinize business as well as personal credit score for eligibility.
Know more about corporate cards
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Latest news and updates
Read up on snippets of the latest news and updates on corporate cards in Australia.
Australia's fintech industry has seen five-fold growth in the past five years and is now worth more than US$4 billion (AUD 5.87 billion). Global investors are particularly attracted to Australia's lending tech market.
Virtual cards help businesses with 1. Approvals to gain control over overspending 2. View all spend owners and automate accounting 3. Taking control away from vendors and 4. Reduce the risk of fraud.
1. Bookkeeping Integration 2. spending limit 3. No founder's guarantee 4. Usable rewards 5. Real-time visibility into spending. These are the main features you must have when using a corporate credit card.
To prevent employee misuse of corporate credit cards one should 1. Ask for proof of purchase S. Set spending limits 3. Report and monitor spending 4. Formulate expense policy 5. Set expense approval workflows.
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