Airbase
Airbase is a financial management platform that promises to streamline the processes of CFOs and accounting teams, helping them manage expenses and accounts payable in one place. With its suite of tools such as Virtual Cards, Bill Pay, and Expense Management, Airbase aims to provide greater control and visibility over company spending.
Virtual Cards allow CFOs to create virtual cards for recurring expenses, which helps to set budgets and keep track of deviations. Meanwhile, the Bill Pay module is on par with Bill.com, but offers additional features such as the ability to amortize expenses in the system, providing better visibility into monthly spending than a summary prepaid expense journal entry. The Expense Management tool helps automate small requests and provides approval workflows, streamlining the expense reporting process.
Airbase's Receipt Compliance feature and automatic physical card locking for non-compliant transactions help ensure adherence to company policies. Additionally, monthly cashback incentives provide further motivation for employees to follow the rules.
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