Before we talk about the best Corporate Card for startups in Singapore, first let’s talk about what is a Corporate Card and how to manage its expenses. Then we will talk about the best Corporate Cards.
What is a Corporate Card?
Every old or new company has business expenses like airfare and hotel bookings that are borne by its employees. A simple way to track and control those business expenses is by issuing corporate cards to employees. This prevents employees from using their own money and lets the company pay directly, thus making things easier for both of them.
If used efficiently, corporate cards can prove to be a step ahead of the company’s growth. Since companies can control their employees directly, their usage can be monitored and limited to a suitable amount.
How to manage Corporate Card expenses?
Using a corporate card makes life easier for the company as well as the employees. Here are some of the best ways around managing corporate card expenses that you can employ within your company:
- Employees should be aware of all the policies concerning corporate card usage. They should be well educated about their responsibilities and duties while spending on a business trip.
- Companies can impose limitations and restrictions to contain corporate card expenses. They can implant strict rules against using cards for personal expenses and unauthorized card usage.
- Before being issued a corporate card, every employee should sign an agreement stating the rules of card usage and the consequences of any policy violations. This binds them in a contract with guidelines to follow after they obtain the corporate card.
- Ensure your employees undergo training sessions around how to use a corporate card. Employers and finance teams must address queries around corporate card usage to ensure compliance.
Now we might answer your question, Which Corporate Card for startups in Singapore is the best for your startup or business? Here comes the top-notch, all-rounder financial institution, Aspire which also has SME Banking.
Their Corporate cards are specially made for Startups and Small Businesses. The company is trusted by more than 10,000 leading businesses. They are integrated with the top business software you use, so you can run your business efficiently.
They are Singapore-based company with branches in Vietnam & Indonesia and backed by leading venture capital firms and private investors.
They give you some of the best advantages and offers for your Corporate Cards:
- You can save with 5x Cheaper International Payments. You can compare their Card with other well-known corporate cards.
- Earn 1% cashback on your Digital spend. You can compare it with other brands.
- You can set card budgets to control and update spend limits anytime. Get real-time spend notifications and save time with auto-categorization.
- This is 100% Secure. You can also Cancel or Freeze cards anytime, with new advanced fraud protection technology better than ever.
- It also works with mobile wallets such as Google Pay, Apple Pay, PayPal, etc.
You might also get a look into their which is a very essential need in growing your Business.
There’s an old proverb:
“A bank is a place that will lend you money if you can prove that you don’t need it.”
This is true, but not in their case. They lend a large amount of finance at minimum interest. They will surely become a friend in need.
There are many Financial Institutions, but they are one of the most reliable and trusted sources. You can believe them blindly and surely.
They also offers you some top-notch facilities that you might wanna look forward to:
- Business Account:
One account for all your business financial needs.
- Bill Pay:
Automate your invoice payment process.
- Multi-User Access:
Add unlimited team members instantly.
- Expense Management:
Issue cards, set budgets, and match receipts.
- Integrations:
Synced with your software workflows, close the books with ease.
And Much More Coming Soon…
So, Get Connected to Aspire and let the best Virtual Bank Singapore provide you the best Corporate Card for startups and SME Banking in Singapore for your Startup or Business.
These kinds of enterprises or businesses are small and have very few employees, so they are called small and medium-sized businesses.
In this world, there are more SMEs than big companies or businesses.
Many banks do not provide loans for this kind of small business, so it is very hard to find an ideal bank for your business.
Here are some quick benefits you will get:Purchasing Power: Making your SME business large credit card accounts will help you establish your credit history for your business.Preparedness: In the case of an emergency loan for your SME business, you will get credit from the bank.Professional Touch-up: Credit card payment from all of your customers becomes accessible.
You can also be able to give the daily banking tasks to your authorized employees on behalf of your SME business.Protection: Business banks give limited personal liability protection by removing your personal funds from business funds.
It also provides you with financing options, cash management solutions, payroll services, and fraud protection at its best.Fraud Protection: In this digital realm where we cannot stay 1 minute without Wi-Fi.
Beginning a business is a major accomplishment for some business visionaries, yet keeping one is the biggest test.
As your business develops, various issues should happen and without the appropriate and fundamental arrangement, there is a high likelihood that your business may fall.
One of the issues confronting SME business visionaries is that they need talented specialists and imperatives in HR.
Thusly, these issues cause low efficiency and quality yield inside the administration including creation, in this way, thwarting their business development and advancement pushing ahead.
Feel easy to Apply Loan For SME with Nexus Capital.
