Video

Introduction to budgets

Virtual Card Spend
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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.

Video

Introduction to budgets

Author
Lisa Maris Richner
Vice President of Product
Virtual Card Spend
No items found.
Share post

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.

About the author

Lisa Maris Richner

Vice President of Product

Lisa is VP of Product at Extend. A strategic product leader with a track record of innovation, Lisa has over 10 years of experience launching and managing leading financial services products. Previously, at American Express, she launched new payment solutions, grew their largest consumer lending product, and advised C-Level executives. She developed her design thinking approach to product development at Interbrand, an Omnicom agency, where she consulted global financial services clients after starting her career in finance. Lisa holds an MBA from Columbia Business School and a BA in Economics from Cornell University.

Video

Introduction to budgets

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Lisa Maris Richner

Vice President of Product

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.

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