How Virtual Cards Can Change the Spending Management for Teachers & Educational Organizations

Accounting
By johnslionski January 25, 2021

With unique financial management challenges, and transparency a necessity, educational organizations are faced each year with a budget that does not quite cover their needs, and the task of spend management for teachers. Bento for Business Virtual Cards can change the spending management of budgeted organizations.

 

Financial Management With Virtual Cards

 

A virtual card is a purchasing card number that can be used online for transactions, no physical card is needed. Bento Visa virtual cards can be created for one-time phone purchases, to track activity with different vendors by assigning each its own card number, or to gain visibility and control on app subscriptions and other budget line items. As with all Bento cards, you can set spending limits and spend management for teachers in real time.

 

Managing Nonprofit Organizations

 

On one level, nonprofit organizations are like for profit organizations. You have to make certain purchases such as: office supplies, buy software subscriptions, and cover other miscellaneous expenses. On another level nonprofits are completely different. Nonprofit, or public schools, are funded by government budgets, sponsorships, and online fundraisers but often have expenses incurred by volunteers (another form of budget cutting). Transparency of these purchases in real time view are paramount when integrating spend management for teachers. Bento for Business Virtual cards offer limits you set per situation to help avoid overspending. With one click, you choose the vendor, day of the week, or amount to be spent in real time view. You have control of spending and keeping your organizational infrastructure up to date.

 

Instant Access and Endless Uses

 

Bento Virtual Cards are instantly generated and stored online in your account, ready for use as soon as they are created. You can set detailed spend management for teachers and card controls on the virtual cards the same as Bento physical cards. Retrieve virtual card information online for one-off online purchase, add custom control to cards for recurring payments, or share unique card numbers with different billers for better tracking. The possibilities are endless the Bento for Business way!

 

Whether you need to enforce spend management for teachers or for the convenience of real time spending, Bento for Business Virtual Cards are ready to work for you! For more information on our virtual cards and how they can simplify your accounting personnel  as well as your budget spending visit us online www.bentoforbusiness.com for a comprehensive consultation today.

 

Free trial

Sign up and receive a two-month free trial

Free trial

Get all your questions answered in a customized demo

Copyright © 2021 Bento Technologies Inc. All Rights Reserved Terms of Service Privacy Policy

Please note: By clicking on some of the links above, you will leave the Bento website and be directed to an external website. The privacy policies of the external website may differ from our privacy policies. Please review the privacy policies and security indicators displayed on the external website before providing any personal information. Banking services provided by The Bancorp Bank, Member FDIC. Bento for Business Visa® Debit Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. Virtual cards may only be used online and over the phone.