Virtual Company Card and Expense Management System
Use Cases and Deployment Scope
It is a corporate credit card platform and we use it to purchase and pay expenses. Issuing a credit/debit card from a bank is very time consuming and a long process. Weel makes it very easy to issue a card to the user. You can create the card and start using it within 10 min and if employee leaves the company, it takes two second to cancel the card and issue a new card to someone else. It also allows you to set up a budget for an individual or team. It is a digital credit card system.
Pros
- Digital Credit Card
- Team Budget
- Instantly issuing a credit card
- Tracking expenses and reimbursements
Cons
- Mobile application of Reimbursements
Most Important Features
- Issuing a credit card instantly
- Assigning a budget to limit the spending
- Approval process of expenses
- Makes it easy to reimburse employees
Return on Investment
- We used to waste our time to chase the bank to get and issue a card for employees, it is almost instant to do it via Weel.
- We spent hours to keep track of reimbursement expenses and employees had to wait to get paid back but with Weel, it is all automated and approval process is very visible.
Alternatives Considered
American Express Business Cards
Other Software Used
Xero, Hubdoc, Dext Prepare (with Receipt Bank), Fathom, Deputy
