Author name: PENNY INC.

Startup to Scale Up: How A Spend Management Platform Can Help Your Startup Thrive

Financial Services / /

In the early stages of your startup, you’re probably wearing a lot of hats. Spend management often takes a back seat as you juggle your countless responsibilities. After all, it’s barely exciting, and you probably have more demanding tasks at hand. But spend management is crucial to your startup’s survival. In fact, 82% of small businesses fail […]

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Startup to Scale Up: The 4 Spend Management Mistakes Your Startup Needs To Avoid

Financial Services / /

As your startup grows, you’re bound to make a few mistakes. One pitfall you’re likely to run into is poor spend management. The truth is, you need to approach your spending with pinpoint precision, looking into each expense with a fine-tooth comb, otherwise, you risk ramming your startup towards a dead-end. According to a recent survey

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Penny Inc vs Pex Card: What’s the Best Expense Management System for Your Small Business?

Financial Services / /

Managing expenses often seems like a chore to most business owners — it’s time-consuming and downright exhausting. But its importance cannot be overestimated, as the survival of your business depends on it. Luckily, reporting expenses doesn’t have to be a hassle these days. Expense management platforms have become a staple of most growing businesses, as

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8 Tell-tale Signs Your Business Needs Expense Management Software

Financial Services / /

Many small businesses don’t realize it until they’re knee-deep in their accounting and tax documents, but not having an expense management system is a major problem. Too often, they handle expenses by hand and rely on paper receipts that can get misplaced easily. As your company grows, you may find yourself struggling to keep up

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High Business Travel Expenses? Here’s How to Save More Money

Financial Services / /

Business travel can be a great asset to your company. It helps strengthen employee relationships, build company morale, and foster creativity. In fact, a recent report by the U.S Travel Association reveals that for every dollar spent on business trips, companies earn an average of $2.90 in new profits and $9.50 in increased revenue. But business travel

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5 Ways To Get The Most Out Of Your Virtual Corporate Cards

Credit / /

Virtual card transactions have risen by 11% since the emergence of Covid-19. Small businesses are increasingly adopting virtual payments to manage their expenses more efficiently. And it’s clear why. Compared to traditional payment methods, virtual cards provide better security, save you more money, and offer more flexibility. The following tips will help steer you toward better expense management,

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