[Global] RemotePass launches corporate expense cards for distributed teams

The global HR and payroll platform RemotePasshas announced the launch of SpendCards, corporate cards designed specifically for distributed teams operating across borders, TechAfrica News reports.

RemotePass is the first global payroll platform to offer expense cards tailored for international workforces.

SpendCards are reportedly intended to tackle some key challenges for finance teams managing remote employees: the lack of visibility into spending until after money is spent, hundreds of manual reimbursement requests processed monthly across multiple currencies, and unexpected cross-border tax liabilities that create compliance risks.

Kamal Reggad - Founder and CEO of RemotePass - said, “Finance teams are processing hundreds of reimbursement requests monthly across multiple countries and currencies with zero spending visibility until after the money’s gone. Meanwhile, remote workers are subsidising the company cash flow and dealing with tax complications. SpendCards eliminate this entirely.”

The majority of corporate expense card programs were designed for local, centralised teams and are less effective for distributed workers. Remote employees can be forced to use personal funds for equipment, subscriptions, travel, and other work-related expenses. In many countries, reimbursing such expenses triggers income tax liability even when receipts are provided, while finance teams operate without visibility into spending across the global workforce.

RemotePass SpendCards reportedly enable companies to:

• Issue cards instantly to any team member in 150+ countries

• Set automated spending limits, restrictions, and approval workflows

• Track every transaction in real time with automatic expense categorisation

• Eliminate tax complications from cross-border reimbursements

Workers will have no out-of-pocket expenses, global acceptance in any currency, and integration with Apple Pay and Google Pay. According to RemotePass, SpendCards are embedded within its existing EOR and contractor management platform, providing companies with a single system for global HR, payroll, and spend management across more than 150 countries.

Source: TechAfrica News

(Quote via original reporting)

The global HR and payroll platform RemotePasshas announced the launch of SpendCards, corporate cards designed specifically for distributed teams operating across borders, TechAfrica News reports.

RemotePass is the first global payroll platform to offer expense cards tailored for international workforces.

SpendCards are reportedly intended to tackle some key challenges for finance teams managing remote employees: the lack of visibility into spending until after money is spent, hundreds of manual reimbursement requests processed monthly across multiple currencies, and unexpected cross-border tax liabilities that create compliance risks.

Kamal Reggad - Founder and CEO of RemotePass - said, “Finance teams are processing hundreds of reimbursement requests monthly across multiple countries and currencies with zero spending visibility until after the money’s gone. Meanwhile, remote workers are subsidising the company cash flow and dealing with tax complications. SpendCards eliminate this entirely.”

The majority of corporate expense card programs were designed for local, centralised teams and are less effective for distributed workers. Remote employees can be forced to use personal funds for equipment, subscriptions, travel, and other work-related expenses. In many countries, reimbursing such expenses triggers income tax liability even when receipts are provided, while finance teams operate without visibility into spending across the global workforce.

RemotePass SpendCards reportedly enable companies to:

• Issue cards instantly to any team member in 150+ countries

• Set automated spending limits, restrictions, and approval workflows

• Track every transaction in real time with automatic expense categorisation

• Eliminate tax complications from cross-border reimbursements

Workers will have no out-of-pocket expenses, global acceptance in any currency, and integration with Apple Pay and Google Pay. According to RemotePass, SpendCards are embedded within its existing EOR and contractor management platform, providing companies with a single system for global HR, payroll, and spend management across more than 150 countries.

Source: TechAfrica News

(Quote via original reporting)