The Expense Guide for Digital Marketers: Managing Multiple Client Accounts and Payment Subscriptions Can Be Easy!
Managing payments and claims can quickly become overwhelming, what with the daily, weekly and monthly demands for Google ads, digital subscriptions, influencers, event sponsorships and more.
Fortunately, there is an easier way to counter these common expense management problems. Merchantrade Money Biz offers an ecosystem that integrates the use of a multi currency eWallet, admin portal, and business prepaid cards to simplify expense management. Think of it as an expense guru that helps you level up your finance management game!
This is how this integrated ecosystem helps streamline payments and subscriptions for smoother day to day operations:
It Tackles High Frequency Client Expenses with Ease
Manually tracking costs across multiple worksheets not only takes up your valuable time, it leaves too much room for typos, and potentially some very costly errors.
With Merchantrade Money Biz’s business prepaid cards, each can be customized with spend limits and specific Merchantrade Category Codes (MCC). For example, MCCs can be used to limit one card for payments to influencers and freelancers. Another could be used for entertainment and petrol. All categorized expenses are captured in real time for easier tracking, reducing the risk of overspending.
It Eliminates Payment Delays
Payment delays are commonly caused by multi layer approval stages. They cause a domino effect that can disrupt operations, strain vendor relationships and late payment fees! They all stem from multi layer approval stages. That’s where Merchantrade Money Biz’s expense management portal steps in to help regulate online payments to vendors.
It Maximizes Savings
With access to competitive exchange rates in real time, you can buy over 20 global currencies using the multi currency eWallet. Make payments to digital subscriptions like SEMrush Business and HubSpot Enterprise in native USD currency, without additional conversion fees. Bills are paid on time, and monitoring cash flow is a breeze with a master overview of all company expenses.
Faster Reimbursements with Instant Claims Processing
Another form of delay that’s frustrating is the manual claims submission for approval. Hoarding paper receipts, tracking across platforms, and multi layer approvals – all lead to delayed reimbursements to your personal account. Remove unnecessary bureaucracy at one go with Merchantrade Money Biz’s Instant Receipt Capture function, where you can instantly snap pictures of your receipts and submit on the go. Simplify the entire claims process and boost satisfaction.
Controls Overspending on Credit Facilities
Safely use company issued business prepaid cards for company expenses instead of personal credit cards. Reduce risk of fraud, and overspending. All transactions can be tracked on the admin portal, enabling better repurposing of the budget for the following months.
The only subscription that matters.
Spreadsheets and manual claims processes take up too much time that’s better spent on brainstorming for the next big idea.
The strategic move is to digitize the agency’s expense management and get rid of the common and costly issues that stem from traditional workflows!
Using Merchantrade Money Biz’s multi currency eWallet and business prepaid cards, foreign payments are a breeze, minus the additional conversion fees! Also, its portal offers instant monitoring of all expenses, and direct approvals instead of multi layer processes. Managing spend, claims, and budgets never looked so easy for Malaysian businesses.
Discover an easier way for expense management with Merchantrade Money Biz.
Request a personal demo from our sales reps here!
Tags: account Payables, admin, billing, Client Account management, Digital Marketers, digital marketing, Easy payments, Expense management, finance team, Guide, how to, live rates, malaysian businesses, multi currency, online Subscriptions, SMEs, track expenses
