Let’s dive into the main differences between Pemo & traditional banks in the UAE and see why modern businesses are making the switch. This will help you decide which option is best for your business by looking at the features, services and benefits of Pemo vs a traditional bank.
The Pemo advantage: corporate cards
Pemo
- Offers both physical and unlimited virtual corporate cards
- Virtual cards are perfect for online subscriptions and can be created in seconds.
- Customizable spending limits per transaction or monthly, giving you better control over expenses.
- Physical cards powered by Mastercard, allowing safe cash withdrawals at ATMs worldwide.
- Streamlined approval flows ensure approvers only see relevant expenses, and real-time monitoring provides transparency into each transaction’s audit trail.
- Unlock a world of possibilities with Pemo & Mastercard’s Reward Program, such as cashback on corporate advertising and software & travel discounts.
Traditional banks
- Usually offer basic corporate cards with limited spend management features.
- Expense tracking and reporting often involve manual processes, which can be a hassle.
- Lack of real-time visibility into spending, leading to delays in decision-making
Real-time expense management
Pemo
- Offers real-time visibility on expenses by employee, department, or geography.
- Captures card transaction details live and automates expense reports.
- Lets business owners set their own spending limits and rules, preventing overspending.
- Provides a complete overview of all transactions, connecting your Pemo account to your business bank account for easy fund transfers.
Traditional banks
- Expense management tools often don't integrate well with other business systems.
- Manual data entry and reporting can cause delays and errors.
- Limited visibility into employee and departmental spending patterns.
Empower your team while
staying in control
Pemo
- Instantly create physical or virtual cards for each team member.
- Monitor expenses in real-time, ensuring compliance with company policies.
- Freeze cards from your desktop or mobile device to prevent misuse.
- Automate expense reports, reducing administrative burdens and increasing accuracy.
Traditional banks
- Issuing corporate cards can be slow and involve a lot of paperwork.
- Managing expenses without real-time tools can lead to potential misuse.
Conclusion: why choose Pemo over traditional banks?
When it comes to managing expenses and corporate cards, Pemo offers some clear advantages over traditional banks. Let’s break it down.
Instant card issuance and customizable spending controls
Say goodbye to the long wait times of traditional banks. With Pemo, you can issue cards instantly and set spending controls that fit your needs perfectly. It’s all about giving you flexibility and control from the get-go.
Automated and streamlined expense approval processes
No more manual paperwork and tedious approval chains. Pemo automates these processes, making it quicker and easier to approve expenses. This saves you time and reduces the risk of errors.
Real-time visibility and reporting
With Pemo, you get real-time insights into your financial transactions. This means you can make better, more informed decisions on the fly. You’ll always know where your money is going and how it’s being spent.
These features make Pemo the go-to choice for businesses seeking a modern, user-friendly solution for corporate cards and expense management. By switching to Pemo, you’re not just upgrading your tools—you’re empowering your team to manage expenses more efficiently while keeping full control and visibility over your company’s spending. It’s a win-win situation.
But don’t just take our word for it. Check out why our customers choose us over traditional banks.
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