Q-Card

About Q-Card

Q-Card provides a virtual B2B payment card solution that automates tail spend management, enabling companies to streamline expense approval processes and reduce administrative burdens associated with low-value vendor transactions. By offering real-time spend tracking and compliance features, Q-Card enhances financial control and visibility for procurement and finance teams.

```xml <problem> Managing tail spend, which includes a high volume of low-value and infrequent vendor transactions, presents significant challenges for businesses. These challenges include time-consuming manual data entry, a lack of spend visibility, increased risk of maverick spending, and difficulties in maintaining compliance with internal policies. </problem> <solution> Q-Card offers a virtual B2B payment card solution designed to automate and streamline tail spend management. The platform enables companies to issue virtual payment cards to employees for online, in-store, and invoice payments, providing a consumer-like experience within a B2B procurement context. By implementing pre-approval workflows, spend limits, and real-time tracking, Q-Card enhances financial control and reduces the administrative burden associated with managing numerous vendors. The solution integrates with existing ERP and accounting systems, ensuring seamless data transfer and reconciliation, while also providing comprehensive audit trails and reporting capabilities for improved compliance and spend analysis. </solution> <features> - Virtual Mastercard and Visa cards for one-time or recurring use - Mobile app for purchase requests, approvals, and receipt uploads - Pre-approval workflows with customizable spending limits and multi-level approval options - Real-time spend tracking and analytics dashboards for enhanced visibility - Automated reconciliation and reporting with direct integration to ERP and accounting systems - Vendor management capabilities, reducing the need to create and maintain numerous vendor records - Compliance features, including audit trails, document attachments, and policy enforcement - Support for contactless payments via Google Pay and Apple Pay - 3D Secure features for enhanced online payment security </features> <target_audience> Q-Card primarily targets procurement, finance, and HR professionals in large corporations seeking to improve financial control, streamline expense management, and reduce the administrative overhead associated with tail spend. </target_audience> ```

What does Q-Card do?

Q-Card provides a virtual B2B payment card solution that automates tail spend management, enabling companies to streamline expense approval processes and reduce administrative burdens associated with low-value vendor transactions. By offering real-time spend tracking and compliance features, Q-Card enhances financial control and visibility for procurement and finance teams.

Where is Q-Card located?

Q-Card is based in Rotterdam, The Netherlands.

When was Q-Card founded?

Q-Card was founded in 2022.

Location
Rotterdam, The Netherlands
Founded
2022
Employees
5 employees
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Q-Card

Score: 29/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

Q-Card provides a virtual B2B payment card solution that automates tail spend management, enabling companies to streamline expense approval processes and reduce administrative burdens associated with low-value vendor transactions. By offering real-time spend tracking and compliance features, Q-Card enhances financial control and visibility for procurement and finance teams.

qcardapp.com100+
Founded 2022 – Rotterdam, The Netherlands

Funding

No funding information available. Click "Fetch funding" to run a targeted funding scan.

Team (5+)

Jan Verbreuken

CCO / Partner

Company Description

Problem

Managing tail spend, which includes a high volume of low-value and infrequent vendor transactions, presents significant challenges for businesses. These challenges include time-consuming manual data entry, a lack of spend visibility, increased risk of maverick spending, and difficulties in maintaining compliance with internal policies.

Solution

Q-Card offers a virtual B2B payment card solution designed to automate and streamline tail spend management. The platform enables companies to issue virtual payment cards to employees for online, in-store, and invoice payments, providing a consumer-like experience within a B2B procurement context. By implementing pre-approval workflows, spend limits, and real-time tracking, Q-Card enhances financial control and reduces the administrative burden associated with managing numerous vendors. The solution integrates with existing ERP and accounting systems, ensuring seamless data transfer and reconciliation, while also providing comprehensive audit trails and reporting capabilities for improved compliance and spend analysis.

Features

Virtual Mastercard and Visa cards for one-time or recurring use

Mobile app for purchase requests, approvals, and receipt uploads

Pre-approval workflows with customizable spending limits and multi-level approval options

Real-time spend tracking and analytics dashboards for enhanced visibility

Automated reconciliation and reporting with direct integration to ERP and accounting systems

Vendor management capabilities, reducing the need to create and maintain numerous vendor records

Compliance features, including audit trails, document attachments, and policy enforcement

Support for contactless payments via Google Pay and Apple Pay

3D Secure features for enhanced online payment security

Target Audience

Q-Card primarily targets procurement, finance, and HR professionals in large corporations seeking to improve financial control, streamline expense management, and reduce the administrative overhead associated with tail spend.