Staff at leading support provider Craegmoor
will now be issued with prepaid MasterCard Expense Cards, developed
by prepaid card specialist CorporatePay, in a bid to reduce
business overheads.
The Expense Cards are pre-loaded with funds to
cover general expenses and other costs involved with managing the
homes. The cards act as a petty cash dispersal tool and can be used
to withdraw money from cash points.
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“The Corporate Expense Card offers multiple
benefits as it reduces the need for cash advances and corporate
credit and charge cards. It also enables companies such as
Craegmoor to see significant improvements in profitability by
reducing the financial and operational cost of administrating
business expenses,” said Myles Stephenson, CEO of CorporatePay.
“The online portal allows company
administrators to dynamically allocate funds as required and to
access balance and transaction data online, providing up-to-date
intelligence and closer control over employee expenses.”
Transactions can be viewed centrally via
CorporatePay’s online system and additional funds moved on to cards
as required. The Expense Card will replace Craegmoor’s old system
of using individual bank accounts for its services.
“We wanted to reduce the time and costs
involved in managing the multiple bank accounts our services used,”
said David Manson Craegmoor’s CFO.
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By GlobalData“The CorporatePay Expense Card offered an
ideal solution to our requirements and we are confident that it
will produce considerable reductions in our expense overheads.”
Craegmoor provides support for people with
learning disabilities, autism, complex needs and mental illnesses
as well as older people.
