Nowadays, in the face of potential huge business opportunities overseas, many Chinese enterprises have gone ahead and the international travel market has seen unprecedented growth. How to manage travel efficiently and conveniently has always been a major challenge for major enterprises. To address this pain point, Qbit Employee Card can provide a one-stop travel solution for enterprises and employees.
Common problems in travel
1、Complexity of multi-currency payment
When traveling internationally, employees need to spend money in different countries, which means they have to face the problem of paying in multiple currencies. Traditional payment methods usually require employees to bring their own cash or use personal credit cards, which not only increases the tediousness of exchanging currencies, but also may result in unnecessary costs due to exchange rate fluctuations. In addition, there may be differences in payment systems in different countries, resulting in an unsmooth payment process or even the possibility of non-payment.
2、Cumbersome reimbursement process
After travel, employees usually need to spend a lot of time organizing various receipts and invoices in order to submit them for reimbursement. However, international travel receipts are often in multiple languages and different formats, which adds extra difficulty to the reimbursement process. In addition, when reviewing these reimbursement documents, the corporate finance department also needs to spend a lot of energy to check the legality and accuracy of each expense, which increases operating costs.
3、 budget control is difficult
Travel expenses are often an important part of the corporate budget. How to effectively control travel expenditures to prevent exceeding the budget is a problem that every enterprise must face. However, in practice, due to the lack of real-time monitoring tools, companies often find it difficult to keep abreast of employee travel expenditures, resulting in frequent budget overruns.
Source: Qbit
Employees no longer need to carry large amounts of cash or frequently exchange foreign currency when traveling, using Qbit employee card sister can seamlessly pay in 180+ countries and regions within the coverage! Whether it's hotel accommodation, air tickets, car rental and transportation fees or dining at local restaurants, all these scenarios can be completed through the Qbit Employee Card to pay.
Additionally, the Qbit Employee Card dramatically simplifies the post-travel reimbursement process. All payment records are automatically saved, eliminating the need for employees to manually organize paper receipts. The finance department can view each expense in real time through Qbit's back-office system, which automatically generates reimbursement documents and performs reconciliation. This not only greatly reduces the time required for reimbursement, but also improves the accuracy of reimbursement data and avoids financial problems caused by data errors.
No need to worry about reconciliation! Qbit employee card supports intelligent reconciliation, which allows you to download the transaction details of a customized period. Through the downloaded statement, you can see the detailed data of each transaction, and the transaction information is clear, so reconciliation is no longer cumbersome, and you don't have to worry about reconciliation anymore.
Qbit will continue to expand innovative financial products and services, and is committed to optimizing the user experience, providing more flexible and clearer employee expense management solutions for overseas enterprises, empowering them to conduct business globally and helping them to quickly seize the international market!
*If you need a Qbit Employee Card, you can apply for one online. Follow Qbit for more financial solutions!