Frequently Asked Questions
PERC (Prepaid Expense and Reimbursement Card Platform) is a digital solution that streamlines the process of managing corporate expenses, advances, reimbursements, and incentives using SBI prepaid cards.
PERC offers:
- Automation of reimbursement and expense processes, reducing manual errors and processing times.
- Real-time control and transparency over employee spending.
- Cost efficiency with minimal card issuance charges and zero platform fees for corporates.
- Seamless integration with existing corporate systems.
PERC is ideal for organizations with:
- Large employee bases, including field staff.
- High volumes of expense and reimbursement transactions.
- A need for improved tracking and control of corporate spending.
Customizable spending rules and limits for each card.
- Real-time monitoring and reporting of transactions.
- User-friendly online platform for administrators and employees.
- Integration with SBI’s secure banking infrastructure.
Yes, the PERC platform is free to use for corporates. The only cost is the one-time card issuance fee of ₹X per card.
The onboarding process is simple:
- Register your organization on the PERC platform.
- Upload the required documents online.
- Customize spending rules and policies.
- Begin issuing SBI prepaid cards to employees.
PERC’s unique proposition lies in:
- Zero platform charges for corporates.
- Customizable rules at no additional cost.
- Partnership with SBI, ensuring reliability and widespread acceptance.
PERC allows employees to use prepaid cards for approved expenses such as:
- Travel and lodging.
- Office supplies.
- Meals during official work.
- Incentives and advances as per company policies.
Yes, PERC is built on SBI’s robust and secure infrastructure. It includes advanced security features like:
- Real-time transaction monitoring.
- Spending rules to prevent unauthorized use.
- Encrypted data storage to protect sensitive information.
Yes, administrators can set customizable spending limits, usage restrictions, and rules for each card based on the employee’s role and business requirements.
Administrators can access the PERC dashboard to:
- Generate detailed reports.
- Track spending patterns and identify anomalies.
BankIT provides dedicated support for onboarding, training, and ongoing usage, including:
- Relationship managers for personalized assistance.
- Regular updates to the platform based on user feedback.
- 24/7 technical support for resolving issues.
Yes, PERC is designed to be scalable and can be used by employees and teams across multiple locations, nationally.
Corporates save on administrative costs by automating manual processes.
- The affordable card issuance fee ensures minimal upfront investment.
- Real-time controls help prevent overspending and fraud.
No, there are no hidden charges. The platform is free for corporates, with a one-time card issuance fee of ₹X per card.
In case of a lost card, employees or administrators can immediately block the card using the PERC platform. A replacement card can be issued with ease.
Schedule a demo for PERC
You can schedule a demo by contacting our team!
Or,register your interest here!
Tarunendra Singh
Business Development Manager
Supriya Chikhale
Sales Support