Avoid overcharges
A non-profit gets a tax break on goods and services, but when a vendor forgot to apply the discount on a large invoice, it cost the organization thousands of extra dollars and took months to dispute.
With Extend, the non-profit sends vendors a virtual card for the exact amount—ensuring this never happens again.
Keep accountability over every charge
At a mid-size agency, only a few managers had company credit cards and employees would share them to charge expenses. When several unapproved purchases appeared on the monthly statement, it was impossible to identify who made the charge.
Now with Extend, everyone receives their own virtual card and every charge is accounted for.
Reduce cash reimbursement & earn more rewards
A construction company employs a number of contractors for all their projects. Before, contractors would front the purchase of additional tools and materials for the job and invoice the company at the end.
With Extend, contractors are sent a virtual credit card to load into their mobile wallets for their expenses—giving the company a real-time view of project spending and helping them earn more rewards.
Manage subscriptions payments with ease
A tech startup has a number of monthly SaaS fees for various services and dozens of employees who need different software subscriptions.
By creating recurring virtual cards for every platform, the finance team limits exposure when leaving cards on file and gains a clear view of how many subscriptions they pay for. When an employee leaves and doesn’t end their subscription, finance can simply deactivate the card.
Mitigate fraud and keep business moving
An ecommerce site used one credit card to purchase inventory from over 200 vendors. After one fraudulent transaction maxed out their credit line, they had to cancel their card and get a new one—causing delays for their business and taking months to update every vendor with the new card info.
Now the company uses Extend to create virtual cards with set limits for every vendor. Next time fraud happens, hackers can’t access the entire credit line, and all the finance manager has to do is cancel and replace the one virtual card—taking minutes to remedy instead of months.
Track project or client expenses & automate reconciliation
A law firm has dozens of lawyers and paralegals working across multiple clients at a time. Clients’ court fees, research costs, and other related expenses would be charged to just a couple credit cards shared around the office and at the end of the month, the finance manager would manually match every transaction to the correct client. When charges couldn’t be identified, the firm would eat the cost.
By creating a virtual card or allocating a budget for every client, transactions are automatically categorized as they happen and reconciliation becomes automatic.
Manage T&E spending & improve the experience
A quickly growing tech company recruiting top talent from all over the country covers the travel expenses for all their interviewees. Without Extend, they would have asked candidates to cover their travel costs and submit receipts for reimbursement. Instead, the recruiter sends interviewees a virtual card for their travel costs and an allotted per diem—giving candidates a much better interview experience and a positive impression of how the company serves its employees.
Delegate purchasing power with total oversight & control
An owner of a small chain of fitness centers manages purchasing across several locations. With Extend, the owner can delegate responsibility by creating and sharing a budget with location managers, allowing them to create virtual cards for their purchasing needs. Not only does the owner maintain total control and oversight, but he now has a view of how much each location spends so he can better plan and budget.
Track miscellaneous spending & view real-time cashflow
The finance manager of a mid-size company has set a $1,000 per month petty cash budget to cover incidentals. Before Extend, they would have to wait until the end of the month to review receipts and find out if they went over budget. By creating a $1,000 budget in Extend and using virtual cards to cover ad hoc spending, they can have a real-time view of what’s been spent over the course of the month.
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