Boya, a Kenyan Technology Company, has partnered with VISA and Diamond Trust Bank – Kenya, to launch a virtual expense card. This card will help businesses handle their payments and expenses more efficiently using a single virtual solution.
The Boya platform aims to simplify expense tracking and reporting for businesses of all sizes. It provides a powerful tool that gives organizations better control over their financial operations. Through this partnership, Boya has integrated Diamond Trust Bank’s Cards as a Service offering into its platform. This integration allows Boya’s customers to access virtual corporate cards, backed by the Visa card scheme. With these virtual corporate cards, businesses can easily track, manage, and reconcile their expenses, making financial processes smoother and promoting transparency.
During the launch event, Boya’s CEO, Mr. Alphas Sinja, expressed excitement about introducing this cutting-edge Virtual Card Expense Management solution to Kenyan businesses. The aim is to simplify expense tracking, enhance financial control, and improve efficiency. By automating time-consuming tasks and providing valuable insights, the solution enables organizations to focus on their main activities and achieve their goals.
In today’s fast-paced digital world, traditional expense management processes can be cumbersome and slow. Boya’s advanced virtual card solution is designed to streamline and simplify expense management, making it more efficient.
The partnership with Diamond Trust Bank is significant as it combines banking and technology to develop innovative fintech products and services. Customers will have access to personalized, secure, and user-friendly financial solutions.
The Boya platform is cloud-based and offers a comprehensive solution for managing expenses. Its user-friendly interface and advanced features make it easy for businesses to track expenses, gain financial visibility, and save costs.
Key features of the expense management solution include:
Easy Expense Tracking: Users can quickly capture and categorize expenses using mobile and web applications. Customizable expense categories and automatic transaction recording make expense tracking a breeze.
Seamless Approvals: Businesses can create robust approval workflows to ensure compliance with organizational structures. Approvers can review and approve expenses with ease, reducing delays.
Powerful Reporting: The solution provides in-depth reports on spending patterns, budget allocation, and cost-saving opportunities. Customizable reports support informed decision-making.
Integration and Automation: The expense management solution integrates smoothly with popular accounting software, reducing manual data entry and errors. It also automates expense policy enforcement, ensuring compliance with guidelines and regulations.
Mobile Accessibility: The solution includes a mobile app compatible with iOS and Android devices, allowing users to manage expenses on the go. Employees can make payments, track expenses, and approve transactions anytime, anywhere.
With Boya’s virtual expense card and comprehensive platform, businesses in Kenya can now manage their expenses more efficiently and focus on their core activities for success.