Most business leaders have a fair idea of where their money goes. You know essentially how much they spend on salaries, rent and utilities. You probably also think they know which software their teams use, and how much the company spends on coffee.
As an office manager, you have an endless list of tasks of fulfill and people to please. You literally have to keep the lights on, the heating running, everybody smiling. It's demanding, complex, and often thankless. And one aspect of office management that’s often overlooked is handling expenses. Because whether you have a dedicated finance team
You've certainly heard the expression "you need to spend money to make money." It's a cliché that's also undoubtedly true. We typically think of these costs as being directly tied to sales. You need to buy stock in order to sell it. You need to hire salespeople (and pay them) too. But you also have costs that aren't so closely linked to profit.
The traditional corporate credit card has been around for longer than most of us can remember. But as you might expect from a product that's older than the internet, credit cards are an inefficient and insecure way to manage company spending.