Target Marketĭivvy is intended for all executives and employees in companies of all sizes and industries. Users can also log into their mobile app via fingerprint scanning or facial identification. Security: Divvy is certified as PCI (Payment Card Industry) compliant, and requires multi-factor authentication for logging into the account.
Users can save up to 50% on travel costs compared to Expedia, Trivago and other competitive agencies. Users can also book both corporate and personal travel via the platform. The budget owner can create a virtual card, then freeze or delete it.ĭivvy Travel: The Divvy Travel feature allows users to find deals on hotel accommodations and transportation. Burner cards can be created by anyone with a Divvy account, while the subscription cards are created by the budget owner.
There’s two types of virtual cards: burner cards (for one-time use) and subscription cards (for recurring use). Each card has a unique 16-digit number that’s tied to the company’s account. Virtual cards: Virtual cards are used for online purchases and company subscriptions. There’s also a Forecast tab where managers can see how much funds are expected to be spent within the next month. Managers can add or remove members and adjust their funds at any time. Budgets can be set up by team, project or event. The finance team tracks each transaction as it comes in, such as pending or declined transactions.īudget management: Managers can easily set up a budget in a few steps – they simply list a name for the budget, select the budget cycle (one-time or recurring), set a budget goal and designate budget owners’ and members’ access. The manager and/or finance team has access to each employee’s transactions, such as the amount of money an employee has access to and how much money is spent. Users have the option of submitting photos of the receipts. Managers also have the option of sending the funds to their team on a monthly basis for any recurring expenses. The manager can then approve it by sending the requested funds to the user’s card. FeaturesĮxpense management: Users can request specific funds from their manager or the finance team on a specific expense.
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With Divvy, the expense management process is completely automated. The finance team can manage all transactions at any time rather than waiting until month’s end. The user simply requests approval from the finance team prior to swiping the card. Each user receives a physical or virtual Divvy MasterCard for business expenses. Divvy is a budgeting and expense tool that automates the expense management process.
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