Spenfi is a revolutionary platform that helps businesses optimize their expenses management and accounting. With its help, you can take your budgeting and cost-saving practices to the next level. How to use Spenfi in order to get maximum value, especially at the early stages? Here we present a comprehensive beginner's guide that will help you have a perfect start with Spenfi.

Why Use Spenfi?

Before diving into the details, let's take a look at some crucial information about Spenfi. It is a finance management platform that provides functionality helping businesses optimize expense tracking and management. These are some of the most important features that Spenfi provides to businesses:

• Ability to issue virtual and physical payment cards to employees for work-related expenses with an extensive functionality for tracking the spending

• Expenses management functionality that helps businesses stay in complete control of their finances

• Features for storing and processing invoices, purchase orders, and receipts

• Functionality for managing and reviewing all business subscriptions

• Accurate and fast spending reports for accounting automation.

Such a comprehensive suite of finance management functionality helps businesses cover diverse areas of expense management.

Starting with Spenfi: A Step-by-Step Guide

Now, let's proceed with a step-by-step approach that will help you get a quick and successful start with Spenfi. By following the tips we have outlined here, you will be capable of leveraging the complete potential of this finance management solution.

1. Evaluate your business needs

Before starting with Spenfi, you should clearly understand and outline your business needs. The solution provides functionality that fits different user requirements. You should clearly understand what exact features you need, how you will use them, and what value such functionality will bring to your business. Also, be sure to have success metrics that will help you evaluate Spenfi's impact on your business efficiency. Spenfi helps you optimize your spending, save time, and improve the experience of your employees. A great idea would be to establish particular metrics for each of these directions.

2. Try Spenfi out

A very important thing about starting with Spenfi is that you can test the platform for free. First, you should set up an account that will be connected to your email address. After that, you will need to fill in the form where you should leave all the required personal and professional details. Upon completing these simple steps, you will get a free trial. Spenfi allows you to try all platform features at your own pace. You can also get in touch with the platform's support team in case you have any questions. After testing the platform's abilities, you can opt for a Spenfi subscription. An important thing about Spenfi is that the platform's team can provide you with a customized subscription plan tailored to your business needs.

3. Configure expenses management

As has already been mentioned, expense management is one of the critical features of Spenfi. Make sure to start using it with a proper configuration. Automate the calculating scripts and connect Spenfi to your payment systems in order to save time. Also, be sure to set expense categories according to your strategic objectives. Try out this feature, and, if needed, change the configurations to make them more tailored to your business-specific features. If everything is done properly, you will get much better control over your expenses. Spenfi will allow you to track expenses by categories and enhance budget planning to achieve the highest levels of cost-efficiency.

4. Organize your documentation storage

Another critical feature of Spenfi is the ability to store all payment records, finance-related documentation, invoices, etc. Make sure to distinguish different categories of documents and different sets of permissions. During the next step, use Spenfi configurations to store all the finance-related documentation correspondingly. You will be able to re-organize your documentation storage and access permissions on demand. Spenfi will give you complete control over your invoices and documents. As a result, no crucial document will be missed and you will be able to retrieve them on demand.

5. Configure Spenfi's accounting functionality

Once you have established control over your documentation, it's time to set up accounting principles. Provide the app's tools with access to the documentation and payment information to ensure automated business accounting. Mind that Spenfi provides various efficient features that ensure faster and more efficient accounting information. In particular, the platform provides an AI-powered OCR (Optical Character Recognition) algorithm that extracts document details. This algorithm can also translate these details automatically into any language you need. With such extensive functionality, you can generate diverse types of reports with reduced human involvement.

6. Provide your employees with smart debit cards

After configuring all of the above-mentioned Spenfi features, you can continue with corporate cards. Spenfi allows you to request smart debit cards for your employees. These cards will be used for business-related expenses. Provide your company members with such cards and encourage them to use them efficiently for corporate expenses. You will get real-time notifications on every transaction, as well as reminders to attach receipts and invoices. This feature will help you share budgets in the team structure and establish an excellent level of control over corporate spending.

You’re Up to the Task of Efficient Finance Management

So, those are the simple steps to start with Spenfi. Upon configuring all the platform's functionality, you can start collecting its multiple benefits. If everything is done properly, you will literally revolutionize your expenses tracking and make your business much more cost-efficient. Surely, there is always area for improvement, so try customizing the configurations according to the emerging needs. Also, keep up with Spenfi updates, as they can make the work of the platform even more efficient. Remember that a good start meets a lot. If you leverage Spenfi benefits during the early stages of your work with the platform, your further experience with the platform is very likely to be even better.