![]() We are happy to report that Divvy is free. Therefore Divvy does not require a personal guarantee from anyone who works at the organization.Īnd while Divvy can’t eliminate fraud, the service can help you minimize risk and damage if fraud does occur.īefore we go any further, you are probably asking, “How much is this going to cost me?” The credit line is tied to the organization, not an individual. Introducing Divvyĭivvy is a business expense management solution owned by that includes two main components:ġ) Physical and virtual Visa charge cards andĢ) Expense and management software that tracks spend from those charge cards.ĭivvy makes credit card administration easier for management and for card users.įor starters, Divvy bases approval for nonprofits on the organization’s application only. ![]() Are they waiting for the monthly credit card statement so they can rack their memory for the information, then write it on the statement for the bookkeeper?Īnd finally we found one. Sometimes individuals need to indicate the account number and/or grant on charge purchases. Are you still requiring credit card users to tape receipts to a sheet of paper for submission to bookkeeping?ĩ. Individuals who use a credit card need to submit receipts for purchases. (We have a client with a “phantom” Amex card that, despite hours on the phone with the Amex service desk, they have not been able to close out since the person who created the account left.)Ĩ. Credit cards can be difficult to administer or close if the person who opened the card leaves the organization. Opening a credit card account often require someone’s social security number and puts that person on the hook personally to pay the card liability.ħ. If you accidentally underpay the total card balance one month, all your charges now are subject to interest expense at crazy high rates.Ħ. Whenever you get a replacement card you must set up a new card number on all the online vendor accounts that rely on it.ĥ. More than once we’ve seen organization cash stolen via credit card. Credit cards expose the organization to fraud from within the organization. Fraudsters can rack up charges depending on the card’s credit limit and how fast the card issuer or organization catches the unusual spending pattern and shuts off the card.ģ. What happens if someone else needs the card while it’s out? What if the card gets lost? How do you enforce accountability?Ģ. They have people “check out” the card when they need to buy something. To manage physical credit cards, some organizations use the “library” approach. Is it possible to make credit card administration any easier? First consider all these credit card management problems. ![]() Yet they are often essential for staff to carry out the organization’s business. Please reach out to a TravelPerk representative for more details.Credit cards always seem to be a sore spot for nonprofits. With exceptional visibility and control across all business expenses and access to TravelPerk’s innovative range of products and services, including TravelCare and FlexiPerk, users will be able to smoothly navigate traveling a post-Covid-19 world. With Divvy Travel, powered by TravelPerk, SMBs in the US will enjoy a centralized portal where they can easily book, manage, and report on travel. TravelPerk and Divvy bring you the best in travel management and the best in spend management. One-way integration via API - coming soon Rewards for all - Like every other aspect of Divvy, we put you in control of how you earn rewards, offering high-earning options with up to 7x multipliers.With Divvy, you’ll never have to do another manual expense report again. Automatic expense reports - No more reimbursements for out-of-pocket expenses or reporting deadlines.Plus, you can pay any bill or invoice through Bill Pay. Any kind of payment - Divvy allows you to run your business more efficiently by giving everyone at your company a credit card with admin controls.No more flying dark until everyone files their reports. Real-time visibility - Every time a Divvy card is swiped, the transaction is visible to the spender, the budget owner, and the company admin-immediately.With real-time tracking and spend controls, you’ll never go over budget again. No more overspending - Start by making a budget, add people to it, divvy out funds, and watch the spend roll in.Total financial control - Every spender has their own card, and you can control each card’s balance in seconds-that fosters trust between the finance team and everyone else.Spenders and managers save hours every month, and finance teams get real-time visibility into budgets. With Divvy, every business purchase happens on a Divvy card, and employees categorize their transactions with a few taps. Divvy combines seamless expense management software with the world's smartest business card, so you never have to process another expense report.
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