Corporate card for startups and modern businesses in India
There's no cause to worry about reimbursements, checks, or petty cash. Not when you have the option of providing corporate cards to your employees.
Volopay corporate cards for startups and businesses comes equipped with proactive controls to help you keep track of your business expenses. Set them up, load them up, and spend with them.
Trusted by finance teams at startups to enterprises.
Approvals and expense control to manage spends
Manage card spends with advanced multi-level approval policies that bring a new level of transparency and ease of use. Admins can designate approvers for fund reloads and spends with our best corporate cards for startups.
You may safely add funds to employee corporate credit cards and track them in real-time, rather than reconciling charges or exceeding a credit limit.
Real-time spend visibility
No need to wait for an end-of-month statement, unlike with a standard corporate credit card. Instead, transactions are documented as they occur.
Every line item on the spend-tracker can be augmented by the user's addition of the purchase location, time, amount, as well as details and receipts. Finances can now be managed in a completely transparent manner with business-wide visibility.
Virtual cards to manage SaaS subscriptions
If your remote team doesn't feel the necessity for physical cards, create and assign multiple corporate credit cards to your employees for burner use or even recurring cards to manage online payments. For improved reporting, you can even create vendor-specific cards.
Branded premium physical cards
The days of handing out a single business card are long gone. Make a set of company cards for each of your departments and workers.
You can even change their style and feel of them to match your company's identity. Your own logo to distinguish your cards from other corporate credit cards in India.
Simplify expense reporting with corporate cards
Make expense reporting dynamic instead of dealing with dreadful paperwork. Volopay streamlines the process by automating spend tracking.
Swipe our corporate credit cards in India and the spends are updated automatically. This is reflected in the smartphone app, which makes reporting easier. There isn't a single rupee that hasn't been accounted for.
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.
Benefits of corporate cards for startups and businesses
Reimbursement process can get complicated sometimes, especially for those employees who constantly travel. Keeping a tab on expenses can be quite challenging.Â
Corporate cards from Volopay make the process of reimbursement a lot easier. With Volopay cards, employees don't have to worry about spending their money or holding receipts for a longer duration.
Poorly planned finances can result in cash flow challenges. With Volopay, anticipate future expenses while keeping a track of current spending.Â
In-app credit offered will help in maintaining a balance with current expenses without having to use savings or emergency funds. With additional funds, your growth plans and strategies can easily pan out, bringing in more revenue.
Borrowing responsibly and making timely payments are the only ways to build credit from scratch or repair an already damaged credit score. It takes over two to three years for businesses to build a positive credit history.Â
Apply for Volopay corporate cards with a credit line and utilize it wisely during the spending period to improve your business credit score in less time.
Among all the expense frauds, unauthorised spending, producing fake bills, and submitting the same expense report twice are some of the most common ones. Having a transparent system helps you save money and makes the data available to every authority.
Your employees can thus make use of the privileges that are granted to them, while your finance teams can watch out for any misuse and fraud.
Using personal funds to make business travel arrangements can result in delays due to limited fund availability. Also employees have to collect receipts and bills until they return and submit a request for reimbursement.Â
Having a corporate card with a credit line helps solve both the challenges. It helps employees to travel stress-free without having to worry about spending and organising bills.
A major portion of your business funds go for vendor payments. Volopay corporate cards for startups and modern businesses can help you track and streamline these expenses. Each vendor can be assigned individual cards through which payments can be made. You can even tag each vendor with its respective department.Â
This makes it easier and more accurate to determine how much you have spent on each vendor and department-specific vendor payments.
Get corporate cards for startups with enhanced security features
Factors to consider when selecting a corporate card provider
There are several uses for corporate cards for startups. Depending on the requirement, there can be one-time use cards, recurring payment cards, virtual travel cards, physical cards, and much more.
When choosing a corporate card provider, make sure your provider will be able to provide the type of card your business needs.Â
Reduce manual data entry tasks by syncing your accounts payable application with ERP software. To transfer data swiftly, you must make sure to choose software that offers integration capabilities.
By connecting two applications, syncing your payments in real-time with the accounting applications becomes simple.Â
Your credit score and history are used to determine your credit limit, and this is common with all corporate card providers. You can easily qualify for credit if you have a decent credit score.
You can then use the credit to make payments through the corporate card.
Look into the payment plans offered by corporate card providers and choose the one that meets your needs. Some card companies have hidden charges that they may charge when you make a payment.
Others may have a limited number of free payments and charge after the free payment count is reached.
Why should you choose Volopay corporate cards?
Each corporate card is independent of the others and can easily be isolated from the network by simply blocking or freezing it, making it safer than traditional credit cards.
Gain higher credits from Volopay to meet your additional fund requirements. Use and pay back within the app at the end of your spending cycle.
Save time and money on international payments with multi-currency wallets from Volopay. Load money in different currencies and pay easily.
A bad personal credit score won't ruin your chance of getting qualified for credit and corporate cards. Volopay will only analyze your business's spending capacity, credit history, and score.
Budgets and department controls will ensure that spending is always kept to a minimum. You can also set spend limits on corporate cards, above which approval is required.
Volopay offers the best competitive exchange rates in the market with no hidden fees while carrying out both local and international payments.Â
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
Learn more about our corporate cards
Every aspect of expense management must be brought together and accessible for everyone - all admins, employees, and accountants - in one place. We provide a solution for everything, from physical and virtual corporate cards and business credit to approvals, reimbursements, and accounting.
Your employees no longer have to use their personal cards or make out-of-pocket expenses. With the help of corporate physical cards issued with bank-grade encryption, security and quality, employees can be spend at a variety of merchant portals and on offline transactions. Enjoy simplified expense tracking with spend analytics.
You have access to an infinite number of virtual cards. Assign to individual employees, departments, or even to keep track of payments made to certain vendors. With virtual corporate cards, make contactless and online payments more efficient than ever.
Do you require a credit line to cover important and day-to-day business expenses? You do not need to wait months to apply for a traditional business loan. We provide a business credit line with flexible billing periods and lower rates, all without the need to jump through hoops.
FAQs on corporate cards
Our corporate cards in India are provided by VISA and can be used to make both domestic and international payments. Cross-border payments can be made with both physical and virtual corporate cards and employees can also make payments in other countries using cards assigned to them via the mobile app. A truly user-friendly and convenient approach to corporate spend management.
Yes, Volopay allows you to make international payments with corporate cards. Additionally, cards for only international payments can be created such as specific SaaS fees, vendors, and international employee allowances. If your business makes regular payments to US vendors and merchants, then our USD cards are the perfect solution.
Yes, this is one of the most common ways for companies to financially empower their people. If your team travels regularly both within India and overseas, consider providing them with a recurring corporate card that is reloaded on a monthly basis. You can provide an employee a card with a limited budget and an expiration date if they have a one-time travel need. If additional funds are needed at any moment, they can be sought and approved directly from the dashboard.
All of the company's expense and accounting regulations are applied to corporate cards automatically. Department-specific rules can be used in addition to the basic defaults. You can also determine who the approvers are, what the reload cycle is, and what the maximum budget allowance is when a card is generated. The ultimate control over every rupee that leaves your company and over who spends it provided by the only corporate credit card India has to offer.
Yes. Card transactions and expenses are synced in real time as and when they happen. This transaction ledger is accessible from both the website and the mobile app, making it simple to track and review card spends. Admins and approvers can also, if necessary, request extra details for a transaction.
Explore more about corporate cards
Know how corporate credit cards work and the documents required to apply for a corporate credit card in India.
Get to know the pros and cons of buy now pay later models for your businesses and the suggested alternative to it.
Get a complete idea about the new rules related to card tokenization and rules for storing credit card numbers.
News and latest updates
Read up on snippets of the latest news and updates on corporate cards in India.Â
RBI may soon allow Mastercard and Visa credit cards to be linked to the nation's UPI payments system. Currently, only selected RuPay credit cards are allowed to be used on the UPI system.
The advantages of having a purchase card for your business expenses are listed below 1. Greater spending flexibility, 2. Purchasing cards offer the ease of spending limit customization, 3. Easy approval for funds, 4. Easy accounting reconciliation.
Access to business funds lies only with the higher authority. The request for access to funds is sent to the manager’s software by the employees for approval. Corporate purchasing cards might have issue with integration. This might require workarounds or substitute techniques for payment.Â
If employees need to pay for small business expenses, they must choose p-cards. P-cards are better when compared to credit cards because they serve the sole purpose of managing business spending. In comparison to credit cards, p-cards offer more visibility of spending.Â
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