As a contractor, you know the routine all too well.
You send your crew on a supply run. They come back short on receipts.
Not only are you lacking a hard-copy proof of purchase for your client, but you’re also left wondering if they’ve used the company card to buy everybody’s lunch — again.
Wouldn’t it be great if there was a credit card that was built just for construction businesses? One that took into account the unique challenges of the industry?
Great news! Now there is.
Read on to learn more about the only credit card solution made specifically for your construction needs.
Managing the details of your company’s cash flow is an overwhelming task …
… unless you’re using Flexbase.
Flexbase has the tools your construction company needs to easily stay on top of:
And you can add to that our new Flexbase Construction Credit Card — complete with an expense management system.
The Flexbase Construction Credit Card:
The best credit card for contractors is a card designed especially for the construction business with features that include:
Most construction companies use credit cards as a way to get 30-40 days to “float” their payments.
With credit cards, contractors:
Here’s how it works:
You spend $750 on lumber and some miscellaneous at Lowes. As long as you pay it off before the end of the grace period, you pay 0% interest on the purchase of those items.
Depending on the type of card you have, your float can vary from between 30 and 60 days.
Before you decide to jump into the application process, you must understand the potential risks and pitfalls that commonly accompany most construction business credit cards.
As with most credit cards, business credit cards typically base your credit limit on your credit score.
But what do you do if you’ve had a few issues and your score is currently scraping rock-bottom?
In that case, a traditional construction credit card may start you out with a credit limit of just a few hundred dollars.
Regardless, most credit cards for businesses start you out with a credit limit of around $5,000 — meaning it’s going to be a challenge to cover any large purchases you may need.
With the Flexbase Construction Card, your credit score means absolutely nothing to us.
We use your company’s actual cash flow to determine the credit limit for your business.
Sticking with the cash you have on hand means you won’t be losing sleep at night worrying if you’ll have the means to pay off the purchase you just made.
In fact, a recent article in Payments Journal reveals that cash flow can be used as a predictor of creditworthiness. We agree!
The Flexbase Construction Credit Card works with you to effectively manage your cash flow.
If you’ve told your crew once, you’ve told them a hundred times …
“Save your receipts!”
And they do, right?
The truth is, trying to manage every receipt for a project is a massive headache.
The crew swipes the company card at Home Depot, fills up at the gas station, then swings by your local discount lumberyard — and each one of those receipts gets tossed on the dash of the work truck, possibly never to be seen again.
And that’s a huge problem when it comes time to invoice the client.
The Flexbase Construction Credit Card puts an end to straggling receipts, organizing them in a way you’ve only dreamed of.
Here’s how it works:
The next time you send an invoice to your client, that receipt is sitting neatly inside their invoice. This gives your client full transparency into every purchase involved in their project.
Are you tired of looking at your credit card statement and seeing purchases from Dominoes and Taco Bell?
Problem solved. The Flexbase Construction Credit Card puts a quick end to all unauthorized purchases.
You have the option of setting custom authorizations — such as only allowing the card to be used at Lowes, Conoco, or your local lumberyard.
A construction business credit card may offer some perks, such as …
… but it’s not designed with the specific needs of the construction industry in mind, such as …
Does your receipt tracking system follow one of these scenarios?
If so …
You’ll be thrilled to hear about the software component of the Flexbase Construction Credit Card.
Every time you make a purchase, you will get an instant message reminding you to take a picture of the receipt. Then, you’ll be prompted to tag that photograph to a specific project, putting an end to the need to keep track of those elusive paper receipts.
When it comes time to invoice the client, Flexbase has all applicable receipts attached and ready to be sent in one ultra-professional document.
It just doesn’t get easier than that.
So let’s review.
With the Flexbase Construction Credit Card:
Your cash determines your credit limit.
You can set specific, customized authorizations for your crew, including
A crew member swipes the card.
The app requests a picture of the receipt.
The receipt is tagged and attached to a specific project or client.
The receipt is automatically generated with the client’s invoice.
You save dozens of hours in accounting work and time.
The Flexbase Construction Credit Card is a win-win for everyone.
Besides revolutionizing your business, your clients will reap the benefits of having purchase receipts automatically linked to their accounts and invoices.
Your company will be seen as being:
If you are ready to simplify the money management of your construction business, Flexbase is just what you’re looking for.
The Flexbase app and card will revolutionize the way your company spends money — and put a quick end to a leaking cash flow.
Our construction billing platform also helps you manage the payment process from start to finish by letting you:
And with our expense management system built right into the Flexbase card, you can easily and accurately see exactly how much money you have across all of your accounts.
With Flexbase there are no subscriptions or licenses to pay or keep up with. And with fees that start as low as 0.5% per payout you receive, it’s essentially free to use.
What are you waiting for?
Schedule a demo with Flexbase today!