The first version of Cape Spend helped businesses issue cards to team members, assign spending limits, and get visibility over employee spending.
With the latest release, which just dropped in all Cape customer accounts, you can do so much more…
Imagine a world where instead of drafting a formal expense policy and hoping employees follow it, you had a corporate card that applied this policy automatically.
We’re turning your expense policy digital with customised spend controls. Say goodbye to paper expense policies that don’t get followed, non-compliant spend requests, and out of policy spend slipping through the cracks.
Automated spend controls mean you can choose the types of business expenses your employees can and can't use their Cape cards for.
Happy to shout your employees' lunch, but not so keen on picking up the tab on those Friday beers? Easy. Just add a card rule to turn off bars and pubs, and keep cafes and restaurants active.
Running a tight ship? We hear you. In addition to setting rules on where your employees can use your corporate cards, you can set limits on how much they can spend and how often.
With Cape Spend, you can limit:
Decide what rules you want to apply, we’ll set them up, and you’re good to go. Any future cards you order for employees will have your rules applied automatically.
Here are the steps we suggest you take to set effective spend controls for your corporate cards:
Call us, and we'll discuss your policy and set it up over the phone. Once set up, you'll see your active policy when you login to your Cape account under the new Spend Controls page.
Disclaimer: While we're in Beta, you can create one set of rules for all cards in your company. In the future, you'll be able to create individual rules and policies for each card or team. We'll continue to adapt and improve this feature as we go.