Are your employees using your company cards to buy unnecessary supplies? Are they treating themselves to a cup of coffee at company expense on their way to the job site? Do you know how to monitor how your business cards are being used?

The misuse of company debit or credit cards leads to significant financial losses and sometimes legal challenges.  For many construction companies, there just isn’t enough time in the day to track every expense that gets put onto their many different company cards. And when receipts go missing, it becomes even harder to ensure that project funds are being used properly.  With Outpave’s centralized financial management platform you can take control of company card spending and improve your company’s profitability and growth. 

How Does it Work?

Outpave offers more control over how your company cards get used and allows you to perform real time data analysis to ensure the money is being spent efficiently. Here are some of the ways our platform lets you take back your company’s expenditures. 

Centralized Control Over Card Issuance and Limits

Outpave’s centralized finance management platform allows you to issue cards to specific employees and projects. Each card can then be assigned a daily spending limit to ensure the project budget isn’t spiraling out of control. You can also control the stores and locations where the cards can be used, which helps ensure that the budget is being spent efficiently and not being spent in unnecessary ways.

Enhanced Accountability Through Receipt Capture

The Outpave app offers sophisticated receipt capture technology that eliminates the need to keep track of paper receipts. This improves the documentation of every single expense, and the collected data can expose incidents of overspending and improper use of the company card.  Not only does this improve your profitability, but it also reduces the amount of time required to close your books at the end of the month.

Improved Employee Education and Compliance

Construction projects, particularly municipal projects, must follow a specified budget.  Projects that go over budget can come under scrutiny and may be investigated by officials for improper use of funds.  In addition to providing better accountability and controls, Outpave’s centralized financial management platform, can help you educate your crew members and project managers about the parameters of the project finances and provide them with the tools they need for compliance.

Learn More

If you’re ready to start creating sustainabl profitability and growth for your construction business, sign up today to learn more about our centralized financial management platform.  Don’t forget to follow our social media for news and updates as we continue to improve our software.

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