How Bujeti can help you Automate your expenses

Automating your business expenses is crucial in streamlining your financial processes and saving time and resources. With the right tools and strategies, you can easily keep track of your spending, create budget plans, and identify areas for improvement.

One way to automate your business expenses is by using Bujeti. Bujeti is a user-friendly platform that helps businesses track and manage their expenses in real time. With features like automatic expense tracking, approval, category management, and budget planning, Bujeti makes it easy to stay on top of your financial data and make informed decisions.

Here are some steps you can take to automate your business expenses in the new year using Bujeti:

1, Create your account seamlessly

Creating an account on Bujeti is a seamless and effortless process. The emphasis is on speed and ease, making it easy for users to get started with the platform as quickly as possible. The self-service onboarding process allows users to create their accounts without needing customer support assistance, which eliminates the need for long wait times and allows users to start using the platform right away.

The automated Know Your Business (KYB) validation process is another feature that makes creating an account on Bujeti easy and fast. KYB, or Know Your Customer, is a process that helps ensure that users are who they say they are. With the automated validation process, users can quickly and easily verify their identity without having to wait for manual verification from customer support. This speeds up the onboarding process and allows users to start using the platform right away.

Overall, the self-service onboarding and automated KYB validation process make it easy for users to create their account and start using the platform without any delays.

2, Fund your account easily

Bujeti also offers a convenient and secure way to fund your account. The process is simple: creating a new account or linking an existing one. The emphasis on security ensures that your personal and financial information is always protected.

To create a new account, simply provide your basic personal information and link a bank account. The platform uses advanced encryption techniques to ensure your information is safe and secure. Once you create your account, you can easily add funds by linking your bank account or using a debit or credit card.

Linking to the Bujeti platform is easy if you already have an account. Simply log in to your account and navigate the “Funding” section. Then add or update your bank account information and begin funding your account.

Whether you’re creating a new account or linking an existing one, Bujeti takes security seriously. All transactions and personal information are protected by industry-standard encryption methods, and the platform is regularly monitored for suspicious activity.

Simply, funding your account on the Bujeti platform is a simple and secure process with a strong emphasis on protecting your personal and financial information.

3, Organise your fund allocation

The Bujeti platform offers a unique and flexible way to manage your funds and budget allocation. With its customisable budget and categories, you can set your own financial goals and allocate your funds accordingly.

One of the key features of the Bujeti platform is its ability to create custom budget categories. This means that you can create specific categories for your finances, such as savings, bills, entertainment, and more, allowing you to have a clear and detailed view of how you spend your money and make adjustments as needed.

In addition to custom categories, the Bujeti platform also offers the ability to set custom budget limits for each category. This means that you can set a specific amount of money that you want to allocate to each category. The platform will automatically track your spending and alert you if you are approaching or exceeding your budget limit.

Another great feature on the Bujeti platform is its flexibility. The platform allows you to adjust your budget and categories at any time, giving you the freedom to adapt to changes in your financial situation. If you experience a change in income or expenses, you can easily adjust your budget to reflect that.

4, Set up spending policies

Setting up spending policies on the Bujeti platform allows you to control who can spend the money and how they can spend it. One way to control who can spend the money is through beneficiary management, which allows you to specify the individuals or groups that are authorised to make purchases using the platform.

You can set up policies and approvals to control how money can be spent. These policies can include spending limits, required approvals for certain types of purchases, and restrictions on the types of items that can be purchased. For example, you could set a policy that all purchases over $1000 require approval from a manager before they can be made or that certain types of items, such as alcohol or tobacco, are not allowed to be purchased using the platform.

In addition, you can set up a budget for each user or group, which will serve as a spending limit for that user or group and prevent overspending.

Overall, setting up spending policies on the Bujeti platform allows you to have total control over how much is spent, how it is spent, and who spends it, helping to ensure that the funds are used in the way you intend.

5, Spend the money

The Bujeti platform is designed to provide users with the freedom and security they need when managing their money. The platform allows users to spend their money in any way they choose without any restrictions or limitations. This means users can use the platform to purchase goods and services, pay bills, transfer money to other accounts, and more.

Additionally, and as mentioned earlier, the Bujeti platform strongly emphasizes security. This peace of mind allows users to focus on spending their money, rather than worrying about the safety of their account.

The platform also respects the spending policy of the users. It ensures that the users can spend their money in a responsible and controlled manner without any risks or potential fraud.

6, Track how the money is spent

The Bujeti platform is designed to provide complete transparency in terms of how money is spent, which is achieved through the use of a powerful analytics tool that allows users to track all transactions in real time. This tool provides a comprehensive view of all financial transactions, including the date, amount, and purpose of each transaction.

Users can easily access this information by logging into their account on the Bujeti platform. The analytics tool is user-friendly and easy to navigate, making it simple for users to track their spending and ensure that their money is being used for the intended purpose.

One of the key features of the analytics tool is the ability to filter transactions by date, category, or account, allowing users to quickly and easily identify patterns in their spending and make adjustments as needed. For example, if a user notices that they are spending too much on dining out, they can adjust their budget accordingly and redirect those funds to other areas of their budget.

In addition to providing transparency in how money is spent, the Bujeti platform also allows users to set financial goals and track their progress towards achieving them. This feature is especially useful for those trying to save money or pay off debt.

In essence, the Bujeti platform is designed to promote financial transparency and empower users to take control of their finances. With the powerful analytics tool and goal-tracking feature, users can easily track their spending, identify areas where they can improve, and make informed decisions about how to use their money.

By automating your business expenses with Bujeti, you can save time, reduce errors, and better understand your financial data. Whether you’re a small business owner or a large organisation, Bujeti can help you streamline your financial processes and make more informed decisions. So why wait? Start automating your business expenses today and see the benefits for yourself.