The typical American Church has expenses, reimbursements and budgeted spending. As the Church and ministries grow, so do the expenses.
Churches want the least amount of risk and the maximum amount of analytics without over-spending when it comes to tracking expenses. If this process is done manually, it can really tax your ministry leaders, bookkeepers and treasurers.
While there are several reputable expense management software’s out there, Bento for Business is the one Wisdom recommends.
Bento for Business (Bento) should be thought of as a checking account. You fund your Bento account by a transfer from your operational account as often as needed. The Bento cards are not connected to the operational account, so there is no risk compromising your bank accounts during transactions. Bento gives the admin complete control of the following and more:
Add and remove funds to individual cards
Spending control to specific merchant categories
Spending occurrences only on certain days of the week
Treasurers can create and manage cards by individual users or grouped by Ministry Departments. Spending can then be tracked by user or department using the data analytics provided by Bento. This provides more accurate budgeting for future quarters and years.
Bento’s comprehensive card program with better expense controls leads to big savings. Bento’s CEO says it best on pymnts.com,
“Digitization begets visibility. Visibility begets control. Control begets a benefit to the bottom line. In other words, the technology itself does the talking, with finality.”
Contact Wisdom Over Wealth for more information on how you can use Bento for free when partnering with Wisdom!