With expense management, Revolut Business wants to simplify business expenses as much as possible.

Revolut Business is launching an expense management feature to easily manage their teams’ expenses in real time.

Revolut Business recently launched a cost management feature in the UK, US and Europe (including France). Expense Management is a new set of tools and solutions designed to help CFOs and other controllers manage their teams’ spending. These tools are available on mobile devices and on the web for all Revolut Business customers.

Revolut Business Launches Expense Management Feature

So after launching a payroll tool for UK clients in February, expense management is the second major feature to come this year to Revolut Business, which continues its mission of providing all the financial tools a business needs in one place. Regardless of the size of the latter, Expense Management allows you to manage all expenses in real time.

With expense management, managers can:

• Issuing unlimited physical or virtual debit cards for free: ideal for decentralized teams that need the ability to spend money quickly.
• Control exactly how much you can spend on each card with roles, permissions, and spending controls. You can limit spending in certain categories, limit individual transactions, and set maximum amount rules for a certain period.
• Control which account is charged to which card in over 28 currencies and over 100 countries.
• Track your expenses in real time in a central dashboard.
• Track and optimize cash flow between teams through virtual and physical cards.

Easily manage team spending in real time

These new options allow dynamic companies to manage spending across markets and currencies, reduce unwanted spending, set clear team limits, and more.

James Gibson, director of product at Revolut Business, said: “Companies make an impression when it comes to issuing cards to their teams because the operation is considered risky or at least difficult to control funds. Having multiple community cards in a team can increase the risk of cheating and slow down operations. This is exactly what we wanted to change when we developed this new feature to give businesses real control over their funds and avoid overspending.”