As a result, businesses often share a single card to address this, leading to security, control and fraud issues.
Bujeti’s platform wants to solve this by allowing African companies to issue cards to their employees at will while maintaining control of their spending.
“What this brings to employees is the freedom of spending. So, a company can set up a budget or a sub-account for a group of employees to spend from.
Then set up policies and approval rules around the funds, and let the employees make the payments — that facilitates the operation, speeds up things and prevents them from waiting for someone always to come to approve your expenses,” noted the CEO, who also described the platform’s functionality in automating reimbursement.