1 min read

Revolutionising Corporate Expense Tracking: Can Virtual Cards Disrupt Traditional Accounting?

Key Takeaways:

  • Qashio challenges traditional accounting by providing a spend management solution to track expenses and make payments via virtual Corporate credit cards.
  • The platform combines real-time tracking, data analysis and dynamic controls to manage company spending more effectively.
  • Founded in Dubai, Qashio aims to remove outdated, manual accounting processes.

An increasing number of companies are turning to digital solutions to manage their operations. In the realm of accounting and financial management, the conventional methods are being challenged by innovative startups like Dubai-based fintech, Qashio. They are revolutionising the landscape of corporate expense tracking by leveraging cutting-edge technology in their solutions. At the heart of its offering is a spend management platform, which monitors expenses and makes payments via virtual and physical corporate credit cards, a clear shift from traditional accounting processes.

The zeitgeist in the corporate world is moving towards real-time tracking and management, and one startup, Qashio, is at the forefront of this shift in the finance sector. With a primary focus on providing a smoother, more efficient process for organisations, Qashio eliminates the challenges posed by outdated, manual methods. Well-rooted in the accounting, financial services, fintech, payments, and productivity tools industries, entrepreneurs Armin Moradi and Jonathon Lau founded the company in 2021 with a clear vision – to disrupt traditional accounting processes.

What sets Qashio apart from its competitors is its innovative approach to spend management. Unlike traditional expense tracking methods that often involve extensive paperwork and are prone to human error, Qashio offers a reliable, efficient, and streamlined solution. By creating physical or virtual cards, businesses can easily disburse budgets, grant or restrict employee usage, and set approval layers. Beyond expense tracking, companies are also able to analyse and report spending in real time, thus gaining a better understanding of their financial status and making strategic decisions based on solid data.

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Another distinctive feature of Qashio’s platform is its focus on user empowerment. Users have the ability to monitor costs, make payments, and handle payables all through one platform. This eliminates the need for multiple systems, thereby reducing complexity and enhancing productivity. A visual dashboard also provides a snapshot of the company’s financial health, offering a more simplified and efficient way to monitor and control expenses.

Looking to the future, Qashio is poised to redefine corporate expense tracking and management. As organisations continue to seek out digital solutions to streamline operations and improve efficiency, the demand for platforms such as Qashio’s is expected to grow. Undoubtedly, the adoption of technologies such as virtual cards is set to disrupt traditional accounting. It won’t be long before the age-old methods will be transformed, and the companies that adapt will hold the competitive edge.

Founders Armin Moradi and Jonathon Lau, with their innovative startup, are positively contributing to this shift. To stay updated with Qashio’s journey, follow them on their social handles Facebook and LinkedIn, or visit their website.

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