5 Essential Features for Your Crypto Expenses App

1. Handle expenses in both crypto and fiat

Traditional expense management can be a laborious task, requiring the collection of paper receipts or digital screenshots. 

A staggering 62% of finance managers cite the manual entry and routing of expense reports as their most significant challenge.

This process becomes even more complicated for Web3 teams that deal with both crypto and fiat currencies, adding an extra layer of complexity to the reconciliation of diverse receipts.

A crypto expenses app with support for both crypto and fiat reimbursements streamlines this process. By consolidating all expense claims onto a single platform, finance managers can efficiently review, categorize, and approve expenditures, regardless of whether they are in crypto or fiat.‍

For instance, Request Finance's expenses app allows finance teams to review, approve, and execute mass payouts for expense reimbursements, offering employees the choice of being reimbursed in either fiat or crypto. 

The mobile app makes it convenient for employees to submit claims, while the desktop application provides finance teams with full control and visibility.

2. Scalable pricing models

Whether you're a fledgling startup or an expanding enterprise, your crypto expenses app should offer flexible pricing models that can scale with your business.

Look for a crypto expense app that has pricing options ranging from monthly subscriptions to custom solutions tailored for larger organizations.

3. Unified dashboard for all crypto payments

User experience should never be compromised, even when dealing with the complexities of crypto payments.

Your crypto expenses app should feature an intuitive, easy-to-navigate interface that streamlines the management and approval of expenses. 

Bonus points if it’s in an all-in-one dashboard that includes all your crypto payments including invoices and payroll to give you a good financial overview. 

The goal is to set up your expense management system quickly, freeing your team to focus on their core responsibilities.

4. Role-based access control

Different team members may require varying levels of access to the crypto expenses app.

Customizable roles and permissions are essential to ensure that the right people have the appropriate level of control and visibility. 

This feature is particularly important for decentralized organizations (DAOs) and crypto-native teams.

5. Support for the best crypto wallets

Given that it’s a crypto expenses app, support for a variety of crypto wallets is non-negotiable. 

By enabling you to connect with various wallets, it minimizes the need for cumbersome transfers. 

This creates a streamlined and efficient financial workflow, reducing the likelihood of errors and enhancing overall operational efficiency.

Ready to revolutionize your crypto expense management? 

If the features outlined above align closely with your requirements, then a solution like Request Finance could be the ideal choice for your crypto expense management needs.

To learn more about the features of Request Finance’s expense app, visit: https://www.request.finance/expenses-companies