Optimizing Business Budgets with Extend | Financial Management Tips
Extend Overview
Extend is once again Tearsheet’s Best Virtual Card Provider, earning the honor for the third year in a row.
Features
Participating Banks
- American Express
- Banc of California
- BMO
- City National Bank
- Corpay
- HSBC
- PNC
- Regions Bank
- Silicon Valley Bank
- Texas Capital
Extend for
- Vendor payments
- Virtual employee cards
- Expense management
- Tracking spend
- Reconciliation
- Integrated payments
- Custom AI agents
By industry
- Retail & ecommerce
- Legal services
- Construction & manufacturing
- Media & production agencies
- Life sciences & medical
Introduction to Budgets
Lisa Maris Richner:
Let’s talk budgets and how they can help you get the most out of Extend. This is a powerful feature that allows you to securely delegate spending power across your organization. You can track spending against allocated funds and share budgets with team members who also need to manage virtual cards.
With budgets in Extend, customers can:
- Organize and control spending: Allocate budgets customized to fit specific expense needs with real-time visibility over all budget activity so you can track the who, what, and where of every penny spent.
- Share management responsibility: Easily manage daily operations when you add team members to co-manage a budget or to temporarily approve virtual card requests while you are away.
- Empower employees: Allow team members to request a budget so they can create their own virtual cards up to the pre-approved limit, reducing expense reimbursements and lengthy approvals.
- Spend securely: Eliminate risky card-sharing behavior by giving employees the ability to create unique virtual cards for different vendors, clients, and other expense needs, all under your supervision.
Talk to the experts
Learn more about Extend and find out if it's the right solution for your business.