Qbit Announces Significant Optimization of Its Employee Card

SAN JOSE, Calif. - July 25, 2024 - PRLog -- Qbit, a global fintech company, announces the successful optimization of its Employee Card, ushering in a new stage of enhanced financial control and efficiency for businesses of all sizes. This strategic enhancement underscores Qbit's commitment to providing cutting-edge solutions tailored to the evolving needs of modern enterprises.

It first launched Virtual Card solution in 2020, which is mainly used for business expenses, especially for the e-commerce sector. Last April, Qbit officially rolled out the Employee Card program to help companies better control expenses across the board. And recently Qbit's latest offering of corporate cards further combines cutting-edge technology with user-friendly features to provide businesses with a powerful tool for expense management.

"We want to deliver an employee card which is more than just a payment method; it's also a holistic financial management tool," said Michael, founder and CEO of Qbit, "By providing real-time insights, and customizable controls, we empower businesses to take full command of their financial operations."

Late employee expense reporting has been a challenge for companies, and Qbit has provided an excellent solution to address this issue. Their Employee Card allows companies to monitor expenses as they occur, providing instant visibility into transactions. This feature helps maintain accurate budgets and forecast financial needs, ultimately leading to better financial planning and resource allocation. Detailed, real-time reports allow managers to track spending patterns, identify anomalies and make informed decisions quickly.

Another functional feature of Qbit Employee Card is the customizable spending controls. Companies can tailor spending controls to meet their unique needs. Administrators have the flexibility to set individual spending limits, restrict certain merchant categories, and pre-authorize specific transactions. This level of control ensures that company funds are used appropriately and reduces the risk of overspending.

One of the main issues that was bothering both the finance team and employees was that members had to pay out of pocket first, especially when traveling on business. After joining Qbit expense management program, each employee can be issued their own card with customized spending limits and permissions. This eliminates the need for out-of-pocket expenses and lengthy reimbursement processes.

"The optimization of our Employee Card is a testament to our dedication to innovation and our understanding of the evolving needs of modern businesses. We are excited to see how our clients will leverage this product to streamline their operations and drive growth." added Michael.

About Qbit

Qbit is a leading neobank providing global cash management services to businesses through digital finance. Our innovative core products include acquiring, global pay-in and pay-out, card, supply chain finance, and API solutions.

For more information about the Qbit Employee Card and to sign up, visit our https://www.qbitnetwork.com/virtual-card or contact our team at bd@qbitnetwork.com.