Company-issued corporate credit cards for employees
There’s no reason to deal with the burden of reimbursements, cheques, and petty cash. Not when you have the option to equip your employees with corporate credit cards. These corporate cards come with proactive controls for every single card. Set them, load them, spend with them. Track expenses without worrying about having to reimburse.
Trusted by finance teams at startups to enterprises.
Proactive business expense controls
Multi-level approval policies make managing expenses a much more transparent and convenient process. Our corporate cards allow admins to assign approvers for fun reloads and spends.
Instead of reconciling expenses or running out of a credit limit, you can securely add funds to employee corporate credit cards and track them in real-time.
Real-time tracking for all spending
Unlike a traditional corporate card Singapore offering, you don’t need to wait for an end-of-month statement with these cards. Instead, transactions are recorded as and when they happen.
Every line item on the spend-tracker can be supplemented with the place of purchase, time, amount, as well as details and receipts added by the user. Transparent management of finances made entirely possible.
Virtual cards to manage subscriptions
Say you’ve got a remote team and don’t see the need for physical cards. That doesn’t mean your employees don’t still need access to funds. That’s where a corporate virtual card helps out.
Create unlimited cards for burner use or even recurring cards to manage online payments. You can even generate vendor-specific cards for better reporting!
Physical cards with your brand language
Company funds needn’t always be a difficult-to-procure commodity. The days of passing around a single company card are gone.
Furnish multiple corporate cards for all your departments and employees. In fact, you can even customize their look and feel to reflect your company’s branding. Your own logo to set your cards apart from any other corporate card Singapore option.
Expense reporting streamlined
Expense reporting should be insightful and dynamic. Instead of it becoming a dreaded task with tons of paperwork, the Volopay dashboard simplifies everything by automating spend tracking.
Card spends are updated automatically whenever a card is swiped. This reflects on the mobile app, too, making reporting accessible. Not a single penny unaccounted 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.
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 single expense management needs collaborated into a single spot. The same expense management center for all admins, employees, and accountants. From cards to approvals, reimbursements and accounting, we have a solution for all.
Allow your employees to spend smarter and wiser with the help of corporate physical cards. Issued with the security and quality of VISA, these cards can be used for various merchant portals and offline transactions. They make expense tracking much simpler, without forcing employees to dip into personal funds.
Unlimited virtual cards at your fingertips. These cards can be created for employees, departments, or even to manage payments to specific vendors. Functioning the same way as physical cards, they’ve made contactless and online payments much more efficient than before.
Need a credit line so that you can take care of important purchases and daily business expenses? You don’t have to wait for months applying for business loans. We offer a business credit line with flexible billing cycles and more affordable rates - all without jumping hoops.
FAQs on corporate cards
Corporate cards are payment instruments issued by banks or other financial institutions to the employees of an organisation. Corporate credit cards are given to the employees of a company to manage their business expenses so that employees don't have to make out of pocket expenses.
Our corporate cards are VISA-issued cards, and they have international payments available. So, yes, both physical and virtual corporate cards can be used to make cross-border payments. Employees can also travel with their cards - both physical, and virtual on the mobile app - to make payments in other countries.
Yes, Volopay does support cross-border payments. Corporate cards are enabled to make payments internationally. Additionally, cards can be created for purely international payments, as well (such as specific SaaS fees, vendors, and international employee allowances).
Yes, that is one of the primary ways in which businesses can financially empower their employees. If your team travels frequently, then they can be given a recurring card that gets reloaded every monthly cycle. If an employee has a one-time travel need, you can give them a card with a limited budget and expiration date. If more funds are required at any time, they can be requested and approved from the dashboard.
All company expense and accounting policies are automatically applied to cards. Aside from these default settings, department-specific rules can also be applied. Along with this, when a card is generated, you can choose who the approvers are, what the reload cycle is, and what the maximum budget allowance is.
Yes. The card transactions are all synced in real-time, with expenses being recorded as they occur. This ledger of transactions is accessible from the website as well as the mobile application, making it easy to track and review card expenses. Approvers also have the ability to request additional information for a transaction, if required.
The main difference between corporate credit cards and business cards is whom the liability of payment & fees lie upon. The liability to pay any debt or fees for corporate cards lies upon the company whereas the liability to pay any debt or fees with a business card lies upon the primary cardholder.
Corporate credit cards are suitable for an organisation with employees who need to make business expenses regularly. Anyone can apply but whether your company qualifies for corporate credit cards is dependent on the provider you choose. There is no standard metric among all the different corporate card providers.
Certain things that definitely affect your eligibility include your companies profitability, credit history, and bank statements to check financial health. Depending on these and a few other financial metrics, a corporate card provider can decide whether you are eligible or not.
Depending on the type of credit card you apply for, the bank or financial institution will check your business and personal credit for eligibility.
Corporate credit cards do not directly affect the user's credit score but builds the credit score for a business entity. Corporate cards indirectly help boost the credit score of an individual by helping them avoid making business expenses from their personal cards and maintain a low credit utilization rate.
Latest news and updates
Read up on snippets of the latest news and updates on corporate cards in Singapore.
Standard Chartered Bank and FairPrice Group’s digital bank, Trust Bank which is the first of nation's digital banks officially launched with savings account and credit offerings for customers.
1. No personal liability, 2. Hassle-free reimbursement process, 3. Improves cash flow, 4. Higher spending limit, 5. Real-time visibility for finance teams, 6. Improves credit score of the business, 7. Reduced expense fraud.
Physical corporate cards are plastic cards issued by a company to their employees for official business spending purposes. These cards have traditional card features such as cardholder's name, card number, magnetic strip, CVV, and much more.
Create unlimited virtual cards and give it to your employees to manage their corporate travel expenses. From paying at restaurants and to booking travel tickets and hotels to paying for commute and business meetings, corporate cards can help in many ways.
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