As mobile wallets evolve and enhance the way people conduct transactions with smartphone devices, small and medium businesses are searching for mobile business tools offering more efficient ways to manage cash flow remotely. PEX Card, a business prepaid card company helping companies streamline employee expense management, is equally working toward this. The company recently announced the availability of a suite of iOS and Android (News - Alert) applications called PEX Mobile.

With just a smartphone, PEX Card administrators can now perform critical day-to-day cash management and expense control functions instantly from the road or a job site through this new service, said the company. For fast-changing operations and highly mobile businesses like fleet vehicle services and contractors, PEX Mobile is noted to be the right solution.

“In this economy, businesses are constantly in an ‘all hands on deck’ mode of operating. PEX Card administrators often play more than one role within their organization, and don’t have the luxury of managing employee spending from behind a desk,” said Toffer Grant, chief executive officer and founder of PEX Card, in a statement.

“PEX Mobile provides highly-active businesses with a seamless way to adjust their expense card program in real-time and on-the-go,” Grant added.

The PEX Mobile service allows administrators to create time efficiency and improve response time for employees that need funds for company expenses immediately, control cash by enabling or limiting certain spending as required in real-time from the field, limit risk by suspending employee card use, review access information about the company’s program and cards and stay in touch with spend by reviewing transactions.

Since its public debut in 2009, PEX Card has processed more than one million transactions, and now services businesses in 50 states across the U.S. It has also achieved a 65-percent increase in transactions in 2012. PEX Card mobile app development efforts are part of the company’s ongoing strategy to provide customers with consistent service upgrades that create cost and time efficiencies, and help SMBs gain better control of the expense side of their P&L statement.

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