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The opportunity of globally distributed spend

There was  an upsurge in remote work during the pandemic era. However, this trend, borne out of necessity for public health, has now become ingrained in the global  job market, a trend that is likely to continue, according to labor experts. By making jobs accessible to more people regardless of where they live, distributed  working offers enormous benefits to both companies and employees. Companies have a much larger access to talent, and employees have more options of employment, no matter where they reside.  e ecosystem.

However, the trend also poses corresponding challenges and may cause difficulties in employee  collaboration and communication, monitoring employee  performance, and managing spending.

Brex is a global spend management solution that solves these challenges by empowering employees anywhere to make better financial decisions. Established in 2018, Brex has grown from offering spending cards to building a first-of-its-kind solution that integrates the financial services and software the companies need along their way.

Henrique Dubugras, Co-founder and Co-CEO of Brex explains the reasons why managing spending and empowering employees in this global-village era is pivotal. “The lack of trust in the employee base increased a lot. The question of ‘what it takes now to spend money’ just added bureaucracy, and we believe that we can help make that simpler and easier for distributed companies to operate well on the finance side.”

Especially for start-ups and scaling companies, funding is crucial for operations. In a traditional corporate operating model, the use of funds usually goes through a process that requires multiple levels of approvals. The operators and executives are also responsible for the investment output ratio when making corresponding decisions, such as running a marketing campaign or business events. This process is considered to be time and energy consuming and even authoritarian.

Mr. Dubugras says: “for business owners, you're trying to ensure that spend is going to the right places to generate growth. I think a big part of our focus is not only getting to compliance, but going to a layer above and making sure that we can track ROI on every single spend by the company.” By implementing Brex’s software and services, management can save time by proactively approving spend so employees stay compliant without excess oversight, make decisions faster, and save money with real-time, automated insights from spend reports and alerts.

Brex has paved the way for companies to recruit and manage talented people across borders from a financial perspective since its convictions in the advantages of the social aspects of this process. Mr. Dubugras elaborates that presenting fair job opportunities to overseas employees can significantly narrow the gap of difference in developments between countries and boost the global economy as a whole. As a means of bringing the playbook and regulation of modern companies to the employees’ respective countries, it will inject more cutting-edge corporate management knowledge and development opportunities into those areas or regions.

There was  an upsurge in remote work during the pandemic era. However, this trend, borne out of necessity for public health, has now become ingrained in the global  job market, a trend that is likely to continue, according to labor experts. By making jobs accessible to more people regardless of where they live, distributed  working offers enormous benefits to both companies and employees. Companies have a much larger access to talent, and employees have more options of employment, no matter where they reside.  e ecosystem.

However, the trend also poses corresponding challenges and may cause difficulties in employee  collaboration and communication, monitoring employee  performance, and managing spending.

Brex is a global spend management solution that solves these challenges by empowering employees anywhere to make better financial decisions. Established in 2018, Brex has grown from offering spending cards to building a first-of-its-kind solution that integrates the financial services and software the companies need along their way.

Henrique Dubugras, Co-founder and Co-CEO of Brex explains the reasons why managing spending and empowering employees in this global-village era is pivotal. “The lack of trust in the employee base increased a lot. The question of ‘what it takes now to spend money’ just added bureaucracy, and we believe that we can help make that simpler and easier for distributed companies to operate well on the finance side.”

Especially for start-ups and scaling companies, funding is crucial for operations. In a traditional corporate operating model, the use of funds usually goes through a process that requires multiple levels of approvals. The operators and executives are also responsible for the investment output ratio when making corresponding decisions, such as running a marketing campaign or business events. This process is considered to be time and energy consuming and even authoritarian.

Mr. Dubugras says: “for business owners, you're trying to ensure that spend is going to the right places to generate growth. I think a big part of our focus is not only getting to compliance, but going to a layer above and making sure that we can track ROI on every single spend by the company.” By implementing Brex’s software and services, management can save time by proactively approving spend so employees stay compliant without excess oversight, make decisions faster, and save money with real-time, automated insights from spend reports and alerts.

Brex has paved the way for companies to recruit and manage talented people across borders from a financial perspective since its convictions in the advantages of the social aspects of this process. Mr. Dubugras elaborates that presenting fair job opportunities to overseas employees can significantly narrow the gap of difference in developments between countries and boost the global economy as a whole. As a means of bringing the playbook and regulation of modern companies to the employees’ respective countries, it will inject more cutting-edge corporate management knowledge and development opportunities into those areas or regions.

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The opportunity of globally distributed spend

There was  an upsurge in remote work during the pandemic era. However, this trend, borne out of necessity for public health, has now become ingrained in the global  job market, a trend that is likely to continue, according to labor experts. By making jobs accessible to more people regardless of where they live, distributed  working offers enormous benefits to both companies and employees. Companies have a much larger access to talent, and employees have more options of employment, no matter where they reside.  e ecosystem.

However, the trend also poses corresponding challenges and may cause difficulties in employee  collaboration and communication, monitoring employee  performance, and managing spending.

Brex is a global spend management solution that solves these challenges by empowering employees anywhere to make better financial decisions. Established in 2018, Brex has grown from offering spending cards to building a first-of-its-kind solution that integrates the financial services and software the companies need along their way.

Henrique Dubugras, Co-founder and Co-CEO of Brex explains the reasons why managing spending and empowering employees in this global-village era is pivotal. “The lack of trust in the employee base increased a lot. The question of ‘what it takes now to spend money’ just added bureaucracy, and we believe that we can help make that simpler and easier for distributed companies to operate well on the finance side.”

Especially for start-ups and scaling companies, funding is crucial for operations. In a traditional corporate operating model, the use of funds usually goes through a process that requires multiple levels of approvals. The operators and executives are also responsible for the investment output ratio when making corresponding decisions, such as running a marketing campaign or business events. This process is considered to be time and energy consuming and even authoritarian.

Mr. Dubugras says: “for business owners, you're trying to ensure that spend is going to the right places to generate growth. I think a big part of our focus is not only getting to compliance, but going to a layer above and making sure that we can track ROI on every single spend by the company.” By implementing Brex’s software and services, management can save time by proactively approving spend so employees stay compliant without excess oversight, make decisions faster, and save money with real-time, automated insights from spend reports and alerts.

Brex has paved the way for companies to recruit and manage talented people across borders from a financial perspective since its convictions in the advantages of the social aspects of this process. Mr. Dubugras elaborates that presenting fair job opportunities to overseas employees can significantly narrow the gap of difference in developments between countries and boost the global economy as a whole. As a means of bringing the playbook and regulation of modern companies to the employees’ respective countries, it will inject more cutting-edge corporate management knowledge and development opportunities into those areas or regions.

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