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Divvy is a budgeting and expense tool that automates the expense management process. Each user receives a physical or virtual Divvy MasterCard for business expenses. The user simply requests approval from the finance team prior to swiping the card. Approvals are granted in real time. The finance team can manage all transactions at any time rather than waiting until month’s end.
The Good
- Free Expense Management Software and Credit Card
- Secure Credit Card
- Brand New Expense Management Features
- Positive Customer Reviews
- The client services are excellent the software takes a holistic approach to ensure it meets your individuals business needs.
The Bad
- Only Available to Businesses.
- The major drawback is that Divvy’s site doesn’t list interest rate fees, so you may not know what you’d pay until you get approved.
- The site dose not mention the credit score or other qualifications you need for approval.
How to use Divvy:
New clients can sign up for Divvy via its online sign-up page and then designate specific employees as cardholders. The client will receive a physical Divvy MasterCard for each approved employee. The employees can also elect to use virtual cards in addition to a physical one.
Easy expensing
Processing and completing expense reports is always an unpleasant endeavor for business owners and employees.
Divvy employee cards puts the onus of expense tracking on the employee doing the spending — but it’s easy for them, too. As soon as they spend, they can submit a receipt and spend a couple of seconds entering the purchase details, and it’s all done and over right then and there.
What kind of support options does Divvy offer & dose it have a mobile app?
Divvy offers support via business hours, 24/7 live support, and online. Yes, Divvy has a mobile app for Android, iPad, and iPhone.
Who Should Use the Divvy Smart Credit Card for Business?
If you’re looking for access to cash and have strong credit, you might consider other small business loans, since they put cash in your bank account and likely offer better rates than a credit card like Divvy’s.
But on the other hand, if your company wants an easy way to make purchases, whether that’s online or in a store, and if you have more than one employee who is authorized to charge expenses for your company, Divvy may be a great solution.
Also, if you could use a little help setting budgets and managing expenses, you’ll love those additional features that Divvy provides.
