Groundbreaking Technology Allows Companies to Control Expenses Before They are Incurred, Saving Up to 30%
HOUSTON – July 16, 2013 – Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America’s best businesses, today announced the launch of the Insperity® ExpensAble® Plus MasterCard®. This breakthrough solution gives companies unparalleled front-end spending control through the integration with the Insperity® ExpensAble® Corporate expense management automation solution.
"The integration of the expense control card with our expense management software and mobile app has changed expense management from a reactive to a proactive process,” said John Tangredi, Insperity® Expense Management division president. "Spending policies are traditionally enforced after costs are incurred, but the Insperity ExpensAble Plus MasterCard allows businesses to allocate funds for specific expenses in advance and also rescind unused balances. This has enabled customers in our test market to generate savings of up to 30 percent of total employee expenses.”
Businesses have complete control over spending allocations with the ability to reload the Debit MasterCard or rescind unused funds at any time. The product suite includes variations of the card with unique features and functionality, including spending limits, merchant category restrictions and the ability to add additional funds electronically if circumstances change or emergencies arise. The Debit MasterCard also enables a business to easily manage expenditures for events and conferences. It provides a controllable spending mechanism for mobile sales forces as well as for employees or contractors who travel frequently. Furthermore, the debit card allows for higher limits and options for executives who need more flexibility. Transactions made on the card automatically pre-populate into the Insperity ExpensAble software, eliminating the need for employees to re-enter relevant information.
ExpensAble Mobile enables smartphone users to capture receipt images on their device, eliminating the need for submitting paper receipts. In addition, it enables users to add expense details, calculate currency exchange rates and more, in a quick and easy-to-use process. Managers can approve or reject expense reports through the application. The ExpensAble Mobile application can be easily downloaded through smartphones’ app stores, such as iTunes, Android Market or BlackBerry App World. Once the user’s corporate information is entered, the application can be activated. Internet connectivity is required to upload expenses.
With the integration of the Debit MasterCard, Insperity ExpensAble Corporate offers businesses an end-to-end expense control solution. Managers can automate expense management processes and create spending analyses to help improve budgeting and negotiate better vendor rates; conduct meaningful conversations about when and where company funds should be spent before the spending occurs; and enforce company expense policies. The immediate visibility into the spending of each cardholder helps to reduce questionable expenditures and misuse of funds.
MasterCard is a registered trademark of MasterCard International Incorporated.
About Insperity Expense Management Insperity ExpensAble automates and streamlines the expense report process, cutting costs, enforcing company travel policies and providing better visibility into expenditures. Complicated expense management becomes effortless, and companies save money on travel and entertainment expenses and enjoy lower expense report processing costs. The Insperity ExpensAble Corporate platform is designed for companies with 10 – 5,000 users. For more information about Insperity ExpensAble, visit http://www.insperity.com/expensable.
About Insperity Insperity, a trusted advisor to America’s best businesses for more than 27 years, provides an array of human resources and business solutions designed to help improve business performance. Insperity® Business Performance Advisors offer the most comprehensive suite of products and services available in the marketplace. Insperity delivers administrative relief, better benefits, reduced liabilities and a systematic way to improve productivity through its premier Workforce Optimization™ solution. Additional company offerings include Human Capital Management, Payroll Services, Time and Attendance, Performance Management, Organizational Planning, Recruiting Services, Employment Screening, Financial Services, Expense Management, Retirement Services and Insurance Services. Insperity business performance solutions support more than 100,000 businesses with over 2 million employees. With 2012 revenues of $2.2 billion, Insperity operates in 57 offices throughout the United States. For more information, visit http://www.insperity.com. Or call us at 720-554-8500.