Case Study

Macquarie Bank

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The situation
Macquarie Group Limited is a global investment banking and diversified financial services group, providing banking, financial advisory and investment and funds management services to institutional, corporate and retail clients and counterparties around the world. Headquartered in Sydney, Macquarie is the largest Australian investment bank and the top ranked mergers and acquisitions advisor in Australia.
The challenge
How do you manage incidental payments and petty cash for within a small-medium business context within the use of cash or cheques. Additional, how do you use funds to purchase online goods and services for the business.
The solution
EML used non-personalised generic reloadable VISA cards to replace the petty cash system in cooperation with Macquarie. The EML Payments e-expense prepaid reloadable Visa programs are purpose built for small to medium businesses to eliminate the need to manage the manual process of cash and cheques. It enables flexibility and transparency and allows your business to take the control back through a self-managed centralised funds disbursement program offering instant card issuance, funds disbursement & reporting. The prepaid expense card can be activated/deactivated in real time and used online wherever Visa is accepted.
The outcome
This provided the involved businesses with the ability to instantly load funds to card, track staff spending, and easily reconcile the spending using EML’s online card access at anytime. It also increases security through the reduced need for cheques or cash payments.