Yordex, a UK-based fintech, announced last week the introduction of its smart company card to spend management solution software. The company reported that it is making it “simple for fast-growing companies” to control business spend by adding company cards to its smart spend management solution, giving businesses complete visibility and authority over their current and future finances.
“Adding company cards further enhances Yordex’s smart spend management solution, by empowering employees to make autonomous purchases within set spending limits. Receipts and invoices are automatically matched with expenses and the correct VAT rate is applied, significantly reducing the administrative and compliance burden placed on staff. Businesses can also manage online spending, such as subscriptions, through virtual cards, avoiding the need to unsecurely pass physical cards around the office.”
While sharing more details about the card, Erik De Kroon, co-founder and CEO of Yordex, stated:
“As companies grow, their costs become harder to track. Businesses want to keep the fast decision-making capabilities of their early days, but there have been no financial tools available to help them achieve this – until now. Yordex enables businesses to retain control over their spend as they scale up, so they can make rapid decisions based on real-time insights. Introducing smart company cards will make it even easier for fast-growing businesses to make intelligent choices.”
Founded in 2017, Yordex describes itself as a “new way” for businesses to manage spend; taking the guesswork out of financial decision making by giving companies insight and control over future spend insights.
“Company cards, expenses, invoices, and budgets can all be managed in one place through the Yordex smart spend management solution, which automatically integrates transactions with accounting systems. Employees can also be issued with a Yordex card for business purchases, enabling controlled spending through fully customizable approval rules.”