Spendvision has announced the availability of its new eMoney module, allowing businesses to capture, manage and report on purchases made by employees using NFC technology.
Designed to give businesses better insight into employee expenses, the module enables eMoney transactions to be integrated with all other types of transactions, making it easier for staff to record all expenses regardless of the payment method used.
Shane Bruhns, COO of Spendvision, explains: “As employees increasingly begin to use ‘wave and pay’ technology to pay for anything from transport fares to newspapers, businesses will need to find a way of incorporating these payments into the expenses mix. With so many low value transactions to be accounted for, the key to integrating them with other types of expense is to provide employees with a simple, quick way to log and manage all their payments, including eMoney. That’s exactly what our new module does.”
According to Bruhns, the new module also helps businesses to manage the division between private and business spending on a single card or payment device. Spendvision provides this by simply enabling employees to select which transactions are business-related or personal on the card or device.
“Employees can simply manage transactions from their pre-paid card or device alongside other expenses on a single platform that can be accessed anywhere and anytime,” Bruhns continued. “This eliminates the need to manually enter details of the transaction, improving accuracy and making the process much quicker and easier for employees and finance teams.”
Spendvision’s new module is available worldwide an an ‘opt-in’ upgrade to the companies’ platform, with initial uptake to be most significant in Japan where NFC is more widely used, says Bruhns.