Qashio launches the UAE’s first corporate card and spend management solution
By Leandra Monteiro
UAE-headquartered FinTech company, Qashio, has recently announced the launch of the UAE’s first corporate expense management card and software for business transactions, offering companies new levels of control over spending. The enterprise-grade expense management platform enables business owners and finance leaders’ full visibility and advanced control of all expenses. The FinTech has become the first in the region to launch UAE-issued corporate debit cards for business transactions.
Qashio’s corporate cards can be issued instantly and companies can decide if they want a virtual-only card or an accompanying physical card. The software also allows for a range of controls to be applied to the card including setting budgets by day, week or month, restricting vendor or category usage, restricting ATM withdrawals, setting a card suspension date, and controlling the status of the card.
Qashio also offers companies a comprehensive solution that gives them control over their company spending by offering real-time visibility of their day-to-day operational and employee expenses. From their Qashio Control Centre, companies can disburse budgets, issue cards, manage their cards with a range of controls, generate reports and collaborate on requests and approvals. In addition, Qashio is integrated with most of the top ERP and accounting softwares, which allows companies to effortlessly sync their expenses and avoid the long and painful process of manual reconciliation.
Armin Moradi, Co-Founder & CEO at Qashio said, “The biggest pain point Qashio is solving is the lack of visibility and control over company cash and spending. Companies do not currently have real-time insights into their actual spending and therefore have inaccurate estimates of their cash flow. We are also removing manual processes, which are both time-consuming and prone to human error. With these cards, we are allowing companies to automate their spend management processes and they can free up their employees’ time to focus on more impactful activities.”
In the short term, the FinTech’s vision is to build the most efficient and comprehensive solution to allow its partners to move toward a cashless ecosystem. In the long term, this holistic digital cash management solution will allow companies to completely eliminate the need for cash and allow them to streamline all their financial management processes onto one unified platform.
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