PEX Card
PEX Card is a prepaid card mainly used by businesses to manage employee spending. Businesses can issue PEX Cards to their employees and staff with complete control over functions like, fund allocation, approved purchases, spending limits, etc. PEX Card accounts can be easily managed anytime, anywhere from a computer or mobile device. Businesses can also use these prepaid cards to transfer paychecks and salary to employees’ accounts.
Top PEX Card Alternatives
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PEX Card Review and Overview
Pex is for small companies that wish to move up the ladder with a tight budget but high goals. It mainly helps in cutting the costs and yet staying on the top in the market. With over ten years of experience and having served over ten thousand businesses, Pex has the necessary experience in helping the organizations with spending right.
Pex, workforce spending platform for the new era
The Pex SaaS platform helps organizations give out prepaid cards to their employees and have complete control over how the card works and where it can be used. You can also give out cards to any volunteer and set rules on the card limit and monitor the expenditure made with the card. It allows real-time monitoring of the transactions made through the card. Alternatively, cardholders can use the app to share and receive receipts and account details. Pex also provides a robust set of APIs to seamlessly integrate with the organization's technology. The systems can be designed to act as an automated platform for handling payments and processing countless transactions.
Finance management by Pex
The platform is specially designed to control spending. Cash unavailability and cheque troubles are a thing of the past with Pex. The platform is simple to use, and the interface is smooth with categorization for individuals or group spending. The privileges can be set according to the department, and the cardholders can be given access to the card and set limits suitable to their role in the business. The purchases made be monitored in real-time and just as easily approved or rejected.
The insightful reports generated on the cash flow can be used to check and reallocate the budget. Such decisions can also be automated in the interface and save time and avoid human error. You can also integrate other software with Pex with the help of the APIs. The unique mobile app makes the whole process paperless and easy to use software that can be used anywhere, anytime and actions can be performed with just a click. Also, unlike old times where an employee had to spend from his budget and wait for reimbursement, Pex eases this by auto allocating money based on departmental needs.
Top PEX Card Features
- Multiple PEX Visa card options
- Robust financial management platform
- Real-time customer support
- Automated expense tracking
- AI-powered receipt matching
- Customizable spend controls
- Role-based access permissions
- Spend policy enforcement
- Real-time spending insights
- Integration with accounting software
- Automated receipt submission reminders
- Physical and virtual card issuance
- Cash back rewards program
- No monthly fees for 60 days
- Streamlined end-of-month reconciliation
- Control over employee spending
- Automated approval workflows
- Easy-to-use mobile app
- Centralized expense management
- Enhanced productivity without spreadsheets
