Case Study: a real estate development company secures spend and protects payment details with Extend

Real estate development Securing spend with existing credit

A real estate development company specializing in single-family and commercial properties faced a challenge when it moved its back-office operations abroad. The managing partner needed a way for offshore employees to safely make payments for items like construction supplies and shipping fees without ever putting the primary financial account information at risk.

The company implemented a solution using Extend's virtual card platform, which integrated with their existing credit cards. This allowed employees to use secure, unique virtual cards for all transactions, shielding the main account details. The Extend mobile app provided the managing partner with the ability to approve card requests instantly. The results included enhanced security for online payments, clear spend visibility organized by property projects, and a significant increase in payment speed and efficiency for the distributed team.