Center offers a connected corporate credit card and real-time expense management solution that automates the expense reporting process and provides visibility into employee spending as it occurs. This platform reduces month-end closing time by up to five days and enhances compliance through dynamic policy controls and actionable insights.
Funding
Funding not disclosed
+1Founders
Product
Problem
Many companies face challenges with manual expense reporting processes, leading to delays in month-end closing, reduced visibility into employee spending, and difficulties in enforcing compliance with company policies. Traditional expense management systems often lack real-time data capture and automated workflows, creating inefficiencies for both employees and finance teams.
Solution
Center provides a connected corporate card and expense management platform that automates the entire expense reporting process, offering real-time visibility into employee spending. The platform captures spend as it happens, streamlining expense submissions and approvals through a user-friendly mobile app. By integrating corporate cards with expense management tools, Center eliminates the need for manual receipt tracking and reconciliation. Customizable policy controls and real-time data analytics enable businesses to enforce spending guidelines, identify trends, and make data-driven decisions.
Target Audience
Center is designed for businesses of all sizes looking to streamline their expense management processes, improve compliance, and gain better visibility into employee spending.
Features
- CenterCard® Mastercard® captures spend data in real-time, automating expense creation from the point of purchase.
- Mobile app allows employees to snap photos of receipts and submit expenses on-the-go.
- Customizable approval workflows route expenses to the appropriate managers for review.
- Dynamic policy controls enforce spending limits and compliance with company guidelines.
- Real-time dashboards provide visibility into employee spending by vendor, employee, project, or department.
- Automated reconciliation reduces month-end closing time by automating coding, posting, and reconciliation.
- Travel management features allow users to book trips within policy and track travel expenses in one place.