Most companies today rely on shared company credit cards or employees paying for work-related expenses out-of-pocket, filling out expense reports and waiting to get their money back; a painful process for both the company and the employee, that can create friction and adds complexity to the administration.
Benefits for employees:
Pleo makes it easier than ever for employees to make company related purchases. No need to fill out paperwork, pay out-of-pocket or ask managers to share their card. Employees receive a virtual and plastic Pleo card they can use anytime they need to make company related purchases. They are reminded with a real-time notification to simply add a receipt to the expense.
This means there is no need to create expense reports ever again, saving a lot time and frustration for employees. But most importantly, trusted employees are happy employees!
Benefits for administrator:
Administrators can simply distribute cards to everyone that needs to make company related purchases, with Pleo it just takes a few clicks. The main feature for administrators is that they can have overview of all company spending as it happens so they know where the company spending is going in real-time. This also makes it easy to identify and prevent suspicious behaviour. With individual spending limits, administrators can make sure employees never go over their weekly or monthly budget. Trust and transparency with Pleo builds a healthy company expense policy, rather than one that is based on mistrust, delayed expense reporting and manual control.
Benefits for accountants:
Pleo was from the start built by and for financial people, who found themselves often doing tedious financial tasks like chasing people for receipts or trying to identify unknown transactions. With Pleo, accountants can have full overview of company spending while employees are made responsible for adding receipts to their transactions. By adding custom tags, everything in Pleo can fit the company accounting procedures.