Simplify Your Workplace Strategy with Flexible Payment Options
Upflex offers two convenient payment methods to suit your team’s needs: the Pool Method and the Credit Card Method. Each option is designed to provide flexibility, control, and ease of use for your organization. Here’s a quick overview to help you choose the best option for your team:
1. Pool Method
A collective set of funds employees can use provides a streamlined, efficient way to manage and track bookings with robust reporting and budget control. Perfect for teams with frequent bookings.
How It Works:
Commit to a set pool amount (e.g., $10,000 per quarter)
Your team can book spaces, with the costs drawing from the pool
Advantages:
Seamless Experience: No need for users to add credit card to book or submit expenses
Robust Reporting: Detailed usage reports make it easy to track and manage expenses
Budget Controls: Set and manage company, team or user spend with ease
Simplified Reconciliation: No need to reconcile space booking transactions from credit cards
Ease of Administration: Pools can be allocated from POs to different cost centers
Ideal For:
Teams of 10+ employees with frequent booking needs
Organizations looking for streamlined expense management
Companies that value comprehensive reporting for both budget & inventory control.
2. Credit Card Method
Offers flexibility for smaller teams with infrequent bookings, without the need for upfront commitments.
How It Works:
A corporate credit card for the company or for individual teams/departments can be added to cover booking costs
Alternatively, each employee can add their own credit card for their bookings
Credit Card processing fees may apply
Advantages:
Flexibility: No upfront commitment required
Expense Management: Charges to individual credit cards allow for expense tracking
Ideal For:
Small teams or individual employees booking once or twice a quarter
Organizations without a need for detailed reporting or centralized budget control
Contact us today to learn more about how Upflex can support your dynamic workplace strategy. Whether you choose the Pool Method or the Credit Card Method, we’re here to help you empower your team with flexible, on-demand access to office spaces.