Many businesses are unaware of the amount of time they spend manually processing expenses. Collating paper receipts, manually entering purchase data into spreadsheets, uploading into accounting software, and chasing down lost receipts all detract from employees’ core tasks and consequently reduce overall productivity. Automating these functions can significantly reduce costs, improve efficiency and save time.
Penny Inc, an expense management solution for small to medium sized businesses, announces that its Cloud based expense management solution now provides real-time integration with QuickBooks accounting software. QuickBooks, an Intuit product, is an all in one accounting solution that allows businesses to manage sales, expenses, payroll and inventory. Founded in 1983, Intuit serves 42
PYMNTS Corporate expense and business travel management firm Penny, which gears its solution to small and medium-sized businesses, wants to help corporations manage employee spending on a broader scale and has enlisted MasterCard to do so. Reports on Monday (Oct. 26) said Penny is rolling out the Penny Inc prepaid MasterCard, a prepaid card program
Many small businesses (SMB’s) struggle to effectively implement structural changes to their operations that result in actual reductions to costs. Cost reduction strategies often require changes to the way employees spend on behalf of the company, which in turn can expose the business to a greater risk of employee fraud. Unlike their larger counterparts, SMBs
One of the features that Penny Inc. provides is the use of a “Virtual Card”, which is a 16-digit pre-paid Debit card (no plastic card) that can be set up to pay recurring bills, such as rent/lease, monthly or quarterly memberships. Virtual cards can only be used online, as there is no physical plastic card
First Penny Inc offering aims to bring every employee their very own assistant for business payments, and expense and travel management October 26, 2015 11:30 AM Eastern Daylight Time LAS VEGAS–(BUSINESS WIRE)–Penny Inc, which provides payments and expense and travel management solutions for small to medium-sized businesses, today announced the launch of the Penny Inc