The ability to issue cards to employees, either virtual or physical cards, makes spend tracking easy. With the ability to set control on the front end and see and approve spend in real-time, sticking to the budget is made easier as well. Traditionally, spend is tracked after the fact as receipts are turned in. However, it makes sticking to the budget easier as well.
This makes budgeting for the year, quarter, or month much easier. You can even see spending in real-time by team, project, department, or individual budget. There’s no need to constantly remind and nag. This allows business owners to stop overspending at the source.
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The system allows you to see transactions in real time, and send funds in seconds via mobile or desktop.īudgeting is made easy due to the fact that Divvy’s budgeting software syncs automatically with employee credit cards. Streamline Money Managementĭivvy allows business owners to manage spending, expenses, and accounts payable all in one place. Other than being free, other pros include the following.
Furthermore, since the card is a charge card that must be paid off monthly, there is no interest.
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This is in stark contrast to some other similar systems, which may offer free cards but charge a fee for the money management system. That fee is shared with Divvy.Īlso Read: Startup Business Credit Cards with No Credit Each time, the merchant pays a fee to Visa, as well as the issuing bank. They make money every time users spend money on a Divvy card. Integration with Xero and Quickbooks Desktop is expected soon. The system currently integrates with Quickbooks Online, Oracle Netsuite, and Sage Intacct. This not only cuts down on expense reports, but also helps with budget management. You can also issue cards to employees (virtual or physical cards) and give them direct access to funds with a spending limit you set. The system allows you to see transactions in real time and send funds in seconds via mobile or desktop. They offer a lot of great features that allow business owners to control spending, manage expenses, and even handle accounts payable.Īlso Read: Credit Cards for Bad Credit It is not meant to be a business funding option on its own, but rather, a tool for business owners to use for more effective and efficient money management. It’s a centralized way to manage spending. The business card is just a means to an end. In reality, it’s not meant to be a funding mechanism. The platform is designed to help businesses manage their finances by integrating with accounting systems and helping them control spending in a streamlined manner. It was recently acquired by as a result of the increasing number of customers that were looking for help with money management. Is a Divvy business card right for your business? What is Divvy?įirst and foremost, Divvy is an expense management system. Most of them are in agreement when it comes to the verdict, but they all get there a different way. There are Divvy business credit card reviews all over the internet. You’ll find cards listed that do not have an annual fee, those that waive the foreign transaction fee, and a host of rewards card options. It can be hard to choose the right credit card for your business. When you buy through links on our site, we may earn an affiliate commission.
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