Introduction to Budgets | Extend Academy

Let’s talk budgets and how they can help you get the most out of Extend.

This is a powerful feature that allows you to securely delegate spending power across your organization. You can track spending against allocated funds and share budgets with team members who also need to manage virtual cards.

With budgets in Extend, customers can:
- Organize and control spending: Allocate budgets customized to fit specific expense needs with real-time visibility over all budget activity so you can track the who, what, and where of every penny spent

- Share management responsibility: Easily manage daily operations when you add team members to co-manage a budget or to temporarily approve virtual card requests while you are away.

- Empower employees: Allow team members to request a budget so they can create their own virtual cards up to the pre-approved limit, reducing expense reimbursements and lengthy approvals.

- Spend securely: Eliminate risky card-sharing behavior by giving employees the ability to create unique virtual cards for different vendors, clients, and other expense needs, all under your supervision.

📲 Download the app:

👋 Stay connected:

👉 Keep watching:

Chapters:
00:00 Introduction
00:30 Starting with a budget
1:10 Ways to use a budget
2:06 Budget types
4:20 Use cases & best practices
4:50 Empower your team
5:45 Shared administrative access
6:20 Time off coverage
6:47 Start with a budget

#VirtualCard #SpendManagement #fintech #CreditCardHacks #PaymentInnovation #ExpenseManagementApp