The Business Banking Platform for IT-Services
Company cards for your whole Team, fast and easy expense management, automated accounting, real-time notifications, and much more. Start using Penta today for your IT service company.
All-in-one business banking platform for IT companies
- Modern current account with German IBAN
- Team Cards for your co-founders and every employee
- Custom card limits and real-time notifications
- Easy to integrate with your accounting tool
- No transaction without a receipt and easy categorization
- Many more useful features fitted to IT services
The corporate credit card odyssey
The increasing digitisation is not only changing our industries, but also the way we work. Especially in IT and Tech companies, a lot of people work on the road or remotely, sometimes several 1000 km apart. Nevertheless, modern communication platforms and video conferencing tools enable smooth collaboration.Read more
Despite the physical distance, the question arises as to how colleagues deal with purchases? How are trips accounted for? How are platform and cloud services paid? This is often hard enough when everyone is sitting in an office and the only company card seems to be untraceable. With several employees at different locations this is even more difficult.
In fact, until now, the only way to distribute a corporate credit card within the company and to make bookings, orders and purchases in stores was to use this one card.
Large companies or corporations can choose from a variety of complicated, extensive, but expensive systems. This is certainly not the ideal solution for a team of 25 employees.
This is where Penta’s expense management comes in. We focus on small and medium-sized enterprises. The aim is to enable all employees to carry out their daily work without having to deal with complicated cash or borrowed credit cards. At the same time, this greatly reduces the amount of work in the accounting department. Our product is precisely tailored to the needs of small and medium-sized companies and ensures that all colleagues can concentrate on their work.
The principle behind it is very simple: Every employee who has to spend money in the name of the company gets his or her own company card. The boss sets the card limits and has the possibility to adjust them in real time at any time. No need to fill out documents or spend hours on hold, but anytime, day or night on your computer or smartphone.
After a purchase has been made, the card user receives a reminder that the corresponding receipt should be uploaded. To do this, the colleague simply takes a photo of the receipt or attaches the purchase confirmation as a PDF to the transaction in the app. And the best for the boss? She sees everything in real time – no more nasty surprises at the end of the month like with other credit cards. This is what maximum trust in the employees combined with transparency looks like.
The accounting department is also happy, because with Expense Management from Penta, lost receipts are a thing of the past. The accountant can track all transactions digitally and no longer has to wait for the receipts to be sent by post. Thanks to automatic integration with common accounting systems, every transaction can be booked correctly and immediately – for daily up-to-date accounting.