Faster Payout Cash with Tirnu Expense Reimbursement


Understanding Expense Reimbursement Within the Banking Platform

Expense reimbursement within a banking platform is a great way to keep track of your finances. It allows you to manage, track, and control your spending without having to worry about keeping manual records or receipts. 

With expenses reimbursement, you can easily set up an account with your bank that allows you to upload receipts and then receive payments directly from the system. This helps to ensure that all of your expenses are accounted for and that you don’t miss any payments or charges. 

This is one of the many solutions Tirnu is revolutionizing the financial space with.

The interface is also designed to be user-friendly, so it’s easy for anyone to navigate and understand the system. Additionally, it provides security by ensuring that all financial information is protected from external threats. 

Additionally, the Tirnu platform also offers reporting tools so you can review your spending habits over time to identify areas where improvements can be made. 

Overall, expense reimbursement on Tirnu offers numerous advantages for individuals trying to stay in control of their finances. With this type of system, businesses can also benefit by reducing their administrative costs associated with tracking employee spending and ensuring accurate record-keeping.

Why This System Is Essential for Tracking Finance

For individuals and businesses alike, tracking finance expenses is a fundamental part of managing money. When it comes to travel or entertainment-related expenses, accounting for all purchases can be especially tricky due to the multiple locations involved in making payments (hotels, flights, restaurants). 

expense reimbursement

Additionally, other areas such as employee reimbursement or contractor payouts need even more detailed record-keeping and processing. This is why expense reimbursement systems, such as Tirnu, are essential; they offer several features that make handling finances easier by streamlining payment processes while also providing an effective way to keep track of how money’s being spent across different accounts. 

With these solutions in place, you don’t worry about manually going through receipts every month; instead, you can easily monitor your spending habits from one centralized dashboard with up-to-date reporting tools at your disposal. 

By taking advantage of this type of system, users get greater visibility into their financial data, which helps them remain on top of budgeting goals and stay compliant throughout their transaction process, giving them peace of mind knowing that their funds are managed responsibly without ever having lost control over where those funds end up!

Benefits of Expense Reimbursement

The benefits of using Tirnu’s expense reimbursement. First and foremost, it provides an efficient way to manage expenses and reimbursements, with the ability to approve or deny payments quickly and conveniently. Other benefits include improved visibility into spending patterns, improved compliance with internal policies, and access to real-time account information. 

Additionally, with expenses reimbursement integrated into a banking platform, users will have access to analytical insights which can be used to identify areas of savings or opportunities for improvement. 

Lastly, by integrating expense reimbursement with a banking platform, employers can save time and money as it eliminates the need for manual paperwork processing.

Who Stands to Benefit From This Feature?

In addition to the faster reporting, approvals, and reimbursement processes made possible by this new technology, all types of company stakeholders stand to win.

  • Employees can now quickly track and submit their expenses using their own mobile devices. With a simple tap of a button, OCR apps can now swiftly scan documents. Reimbursements for company expenses are also processed more quickly.
  • For transaction approvers, workflow snags are now a thing of the past. The job is completed more quickly because of auto-approval capabilities, and policy enforcement is partially automated thanks to policy checks and violation warnings.
  • Finance teams have access to digital audit trails for compliance needs and secure cloud storage for receipts and other paperwork storage.
  • Decision-makers have access to a wealth of real-time data and analytics that detail all business transactions. In order to more effectively distribute budgets, establish daily allowances, and make smarter business decisions overall and organize it all by department, project, and product type, among other categories.

Online expense management software also includes several functions that are advantageous to the entire company. To maintain everything in one place, it can, for example, interface with currently available ERP or accounting solutions.

How Automating Accounting Reconciliation give clear Profit Your Business

Reconciliation in Accounting

Reconciliation in accounting is the process of comparing two sets of financial records to check that figures are accurate and in agreement. Reconciliation also verifies the general ledger accounts’ consistency, accuracy, and completeness.

Source – Google images  |Reconciliation in Accounting

Regardless of whether you are a sole proprietor or a business, you must understand the cash flow profile of your venture. In order to do this, it is critical to reconcile your financial records. However, as the records grow larger, the likelihood of error increases, as does the time commitment. This steals focus away from your core competency of running the business as opposed to doing the administrative work of tracking money flows.

This is precisely where Accounting Automation software comes in to make the necessary but mundane task of keeping your books organized seamless and accurate. Let’s see how this kind of software can help you:

Accounting Automation Software

This kind of software carries out important accountancy tasks such as account reconciliation, financial data updating, and financial statement preparation without the involvement of a human. This means you can save labor costs in your business!

How Automating Accounting Reconciliation Can Profit Your Business

Source – Tirnu |Accounting automation

It also helps you minimize overall financial risk in your business by cutting down on time and expense spent on reconciliation while also minimizing the possibility of human errors associated with manual reconciliation.

Accounting automation software eliminates the most inefficient parts of an accountant’s job. This allows the accountant more time to think critically, plan ahead, and communicate with business operators to improve operations rather than simply track operations. It will also give your accountant a much more engaging and fulfilling job responsibility as it frees up scope for more stimulating, high-value work.

Tirnu’s Accounting Automation software also includes an interactive platform that allows businesses to reconcile their financial records in an easy way. Here is some more detail and empirical support proving the benefits of Accounting Automation Software:

Benefits of Accounting Automation Software

A survey of 200 UK accountants revealed that simple tasks, when automated, could on average save workers 2 hours per day. Even more so, Scottish accountants thought they could free up nearly £120,000 in yearly untapped revenue by cutting 3–4 hours daily! This means that an investment in an accounting automation software solution can save you the headcount cost of one or two personnel in your business.

Source – Google images |Benefits of accounting software

Here is a list of common benefits of automating your accounting processes:

Time Savings and Increased Productivity 

Accounting process automation saves you and your team time. Because all of the data is already in the system, reconciling information is quick. making workers to produce more output per hour.

Mobile Access via the Cloud

All of the necessary software, processes, and files are now accessible from any location and any device. Also, when you need to quickly check a financial record or process a cheque, you don’t need to be concerned at all, as everything is saved on the cloud. No need to carry your bulky laptop with you on vacation anymore! You can easily track progress by logging into the cloud portal on your smartphone.

Data Accuracy

The beauty of this software is that it rarely makes minor computing errors. Accounting tools can quickly generate thousands of ledger entries with virtually guaranteed accuracy. In contrast, a human is often prone to fatigue-related errors arising from the monotonous nature of recording transactions.

Note that a competent accountant may still be necessary to review the work, extract insights and run custom iterations of the data for specific business needs.

How Does Automated Accounting Reconciliation Actually Work?

Consider Peter and John are business partners who want to simplify and organize their spending to increase efficiency. To accomplish this, they issue multiple cards for business expenses. This makes it simple for them to keep track of their spending.

Peter oversees the marketing budget and frequently uses the company credit card to pay for online advertisements. It is important to him to be able to track his spending precisely, and he was aware that issuing a different card for each campaign would make this process simple.

John is in charge of accounting and keeps meticulous records. He values the ease with which he can reconcile the company’s financial records, thanks to having multiple cards for each business expense.

You can create as many cards for your business spending needs as you deem fit or necessary through Tirnu to cover all of your business expenses. Keeping track of your spending is made simple by the ability to customize each card’s name and description.

Issuing Unique Tirnu Cards According to Cost Centers

Consider that you operate a subscription-based business and you need to monitor payments.  Each cost center will have a distinct corporate card, making it easier to track which payments have been made where, and when. The reconciliation procedure is made easier by the ability to track outgoing payments.

Check out these more typical business instances to see how individual card issuance could assist with reconciliation:

Expenses for administration

Virtual cards can be used to make online payments collectively.

This covers costs for spends on marketing materials, office supplies, software, and hardware. Using a virtual card can also avoid the headache and wait time associated with employee reimbursement.

Subscription management

Individual cards are an excellent tool for those who need to manage several subscriptions. You may easily keep track of, pause, or cancel subscription payments by issuing new cards for each new subscription. All subscriptions are accessible from a single dashboard, which will aid in automating the entire process.

Business travel spending

There are many benefits to using smart corporate cards for business travel. You may pay for flights, trains, and lodging online using virtual business cards. Alternatively, you can use physical cards to make ATM withdrawals and make in-person purchases while traveling abroad. It will be simple to reconcile all of these transactions, regardless of spend location.

Download your transactions as CSV or PDF file with Tirnu

Tirnu’s accounting automation platform allows you to download all transactional data as a CSV or PDF file. These files contain all of the information required to expedite the reconciliation process, such as the date, time, amount, beneficiary details, and filters based on the card used. You can quickly export the spreadsheet for use with your preferred accounting program.

Issue Unlimited Corporate Cards with Tirnu

You can quickly create branded physical or digital cards and use them for any kind of expense. Other advantages of issuing a card through Tirnu include being in complete control of the process:

  • At any time, from anywhere, you can freeze or cancel cards
  • You have the option to specify individual expiration dates for each project, contractor, or subscription period
  • Permissions-based user access to virtual and physical cards

How Tirnu is Revolutionising the Digital Banking Ecosystem?

Digitalisation Trends

With every passing day in the information and technology age, we increasingly rely on digital solutions to manage our everyday needs. From ordering goods and services at the click of a button to settling outstanding payments, facilitating financial transactions has never been this efficient and effortless. People no longer have to waste time dealing with brick-and-mortar banking infrastructure, such as ATMs, or queueing at physical outlets to file complaints, make inquiries, or facilitate payments. 

Neo-banks are the carriers of one of the latest technological innovations in the banking and finance space. Also known as “Challenger” banks because of how they are challenging the age-long operational system of traditional banks, this niche sector has been touted as the future of banking due to the constructive disruptions they present to the industry.

Neo-banks vs. Traditional Banks

Research data shows that the global neo-bank economy hovered around $47.39 billion in 2021. Currently, in Q3 2022, the neo-bank market size is at a notable $67.82 billion and is expected to grow at a staggering compound annual growth rate (CAGR) of 53.4% between 2022 and 2030. By 2030, the neo-bank ecosystem is projected to be valued at a whopping $2.04 trillion.

Neo-banks are on a fast track to fundamentally change the banking experience.

Source Statista | Neo-Banking Projection

The COVID-19 pandemic outbreak of 2020 is believed to have spurred significant adoption of the neo-banking space as non-contact transactions became more acceptable, even encouraged.

Due to its limiting in-person operational system, traditional retail banks have been falling out favour after failing to keep up with the changing times. 

Neo-banks operate exclusively online, cutting the need for physical branches and overhead costs. Through the integration of new-age technology, such as artificial intelligence (AI) and cloud computing, neo-banks can offer more personalised banking services to customers at a significantly lower cost. 

Source Google Images| Neo-Banks vs. Traditional Banks

Neo-banks have many superior qualities to traditional banks, some of which include:

Higher Interest Rates and Lower Fees

Because neo-banks run most of their operations online, they significantly cut overhead and operational costs, which allows them enough room to offer ultra-low fees and higher interest rates. 

Better User/Customer Experience 

Neo-banks typically show more commitment to constantly improve the user experience. Because operations are done exclusively online, challenger banks can easily follow trends and fine-tune user experience by leveraging the latest technologies at their disposal.

Faster Loan Processing 

Unlike traditional banks, where loans take prolonged periods to secure, neo-banks provide loans to customers at little to no waiting time. Neo-banks achieve this by eliminating red tape requirements, making loan approval processes as easy as signing up on a website. 

Advanced Technology and Customer Security 

The entire premise of neo-banks is the impeccable use of modern technologies and tools. Neo-banks can offer superior customer security and satisfaction by employing cybersecurity measures such as biometric verification, 2-factor authentication, and data encryption.

Tirnu, a budding neo-bank shaking the fintech space, is the embodiment of all these disruptions and more:

Tirnu: The Future of Digital Banking

Source Tirnu | Tirnu Homepage

Many digital banks offer various services and features, making it confusing to find the best pick. Also, most neo-banks have completely ignored cryptocurrency integration or services for the longest time, even though the crypto industry has become a growing force in finance globally. This effectively shuts out crypto users from digital banking, forcing them to adopt dual account services; one account for your fiat money and another for your crypto. Well, not anymore!

Tirnu removes the lines separating digital banking and cryptocurrency by merging digital banking, investing/earning, and cryptocurrency trading into one single platform. 

Unlike most payment providers, Tirnu allows for in-house custody and conversion of fiat to cryptocurrency and vice-versa. This effectively eliminates the need for dual accounts; one holding your fiat currencies in a bank or equivalent and the other holding your crypto tokens on exchanges or trading platforms. And yes; this means no more waiting a day or two for your fiat to move into your crypto trading account; it’s virtually instant now.

If you’re a Tirnu user, you also get to earn competitive annual percentage yields (APY) on your crypto holdings, allowing you the option to earn passive income. You can also invest in their favorite stocks and grow a healthy investment portfolio. Tirnu lets you do all these within the same platform, making managing your financial assets easier and more effective. 

Apart from this, Tirnu also comes with a personal finance feature, which helps you monitor and manage your income and expenses. This way, you can earn, save, invest, and receive valuable financial advice on maintaining best financial practices.

To cater to businesses, Tirnu is fully integrated with industry-grade accounting and communication platforms hosted conveniently on the cloud, such as Xero, QuickBooks, and SLACK, to streamline operations and better secure user data and funds.

Source Tirnu | Integrations

Key Tirnu Features

Receive Timely Payments and Automate Savings

Tirnu lets you receive timely payments from clients and employers from different parts of the world. The accounts are multi-currency-based, meaning you can choose to receive funds across a selection of varying currency options.

This platform also allows you to save and manage money by monitoring user spending habits and applying AI tools to automatic saving tasks.

Virtual Cards

Tirnu provides you with access to virtual Mastercard debit cards for payment settlements around the world. Like other debit cards, these cards can be used to draw funds at ATMs in the Eurozone and settle online payments across your favourite merchants globally. 

Source Tirnu | Debit Cards

The debit cards come in two plans: personal and business accounts. Both account and card types offer varying features, with the business card offering more use cases. Again, both cards have multi-currency features and can be used in worldwide payments, ATM withdrawals (Eurozone). Unlike most other banks, there is seamless integration into your cryptocurrency investments as well.

Tirnu cards also feature “travel mode,” which allows you to convert currency on the fly to the local currency of their travel destination.

Business Banking

If you’re a corporate user, Tirnu offers a wide range of financial control systems to better manage your businesses. You can make and manage investments, activate business virtual cards, track and reimburse employee expenses, write invoices, automate payments, and so much more. 

Source Tirnu | Business Banking

In-House Crypto Investment 

You can say goodbye to the cumbersome experience of logging into multiple accounts to manage your fiat and crypto wealth. Tirnu lets you buy, sell, transact and lend a wide range of cryptocurrencies at the click of a button.

Source Tirnu | Earn with crypto

Join the Digital Banking Revolution with Tirnu

Innovation in the financial sector is an unending process, and Tirnu aims at fostering this process. Once a faraway concept, Tirnu has seamlessly bridged the cryptocurrency and digital finance industries, fostering an even better user experience. 

At Tirnu, we aim to be the go-to fintech leader for everything cryptocurrency and digital finance by offering you simple and intuitive banking expertise.

If you’re a digitally savvy crypto-using individual, Tirnu is for you!

The Role of Web3 Projects in Disrupting Tech Companies

Just a few short years ago, the Internet was in its infancy. Web1 saw us gaming on CD-ROMs and asking Jeeves questions. Web2 made the Internet much more participative, through Yahoo, Myspace, and Friendster. Broadband entered the fray, as did YouTube, Skyped, and Hangouts. Now, Web3 will soon disrupt the disruptors of the previous age – and we’re not ready. 

Why Isn’t Web3 Bigger Than It Is? (And Why It’s Going to Change) 

There has been considerable pushback against the huge corporations that have been collecting personal information without permission or compensation, which is precisely why blockchain technology – putting control of the digital sphere back into the hands of individual users – is so enticing. Web3 will decentralize the Internet and reduce the control of large tech giants like Google or Meta. It’s permissionless, democratic, and private. The problem is that not everyone fully understands what Web3 will do…or what it will do for them. Crypto is perhaps the perfect embodiment of the Web3 ethos, but crashes and instability from industry leaders like Coinbase and the collapse of high-yield currencies like Luna (not to mention a wave of bad press) haven’t done the industry any favors, despite its gradual but steady acceptance into the mainstream financial world. Many people have no idea how to get started with crypto trading, to begin with, and it still remains out of reach for many. However, none of these issues mean that Web3 won’t take over the industry…soon, and with very good reason. 

The Internet today is dominated by several large brands, namely Google, Amazon, and Facebook that trade services to users in exchange for their privacy and their creative labor, and to some extent, they limit the competitiveness and vibrancy of our marketplaces through aggressive pricing and acquisition. The steady diet of misinformation fed to huge audiences through Facebook during the pandemic was enough evidence for some that no company should hold that much power over the public. 

Web3 does not store data in proprietary servers owned and controlled by a few small companies. Data resides in public blockchains and is distributed across thousands of nodes. Data ownership is put back into the hands of the users, not app providers. While Twitter owns your tweets and TikTok your videos, your creative content can be presented as NFTs or non-fungible tokens under your control and ownership. 

While NFTs are mostly associated with overpriced memes, they can represent virtually anything, including music, online activity, achievements, and health information. The line between digital assets and physical assets will blur as ownership and rights over your digital assets become as clear and sacred as owning your physical assets, while the proof of ownership and title of your offline assets will be protected by NFTs.

How Web3 Will Disrupt Tech Companies 

Web3 will take years to become the norm, especially considering how inextricably linked our day-to-day activities are to the likes of Google and Facebook. However, we are primed for a significant shift to the new way of being online. 

Providing a More Reliable Internet 

In 2016, a DDoS attack interrupted the likes of Twitter, Spotify, Reddit, and Netflix. The attack clearly showed how overreliance on central servers makes it much easier for hackers to take them down at once. Blockchain technology relies on a distributed network of computers, each with a copy of the blockchain’s data. While it won’t be impossible to take down the Bitcoin blockchain, for example, it would require seriously deep pockets and significant resources on the hackers’ part. 

Lower Transaction Fees 

Web3 removes centralized middlemen through peer-to-peer transactions, conducted on a distributed app run on a distributed ledger. Fewer parties have access to data, and transaction fees go down. Organizations like Western Union or equivalents have complex fee structures. They need to cover overheads, including staff, marketing, and physical agents. A company like Ripple, on the other hand, is able to send millions worth of crypto coins with virtually no transaction fees, in record time. 

The take rate of Web3 applications is also significantly lower than their Web2 counterparts. Facebook retains all of its ad revenue, Epic keeps all of the revenue spent on in-game items, and YouTube takes nearly half. Crypto gaming platform Axie infinity keeps a 4.25% fee on their in-game transactions, and the Brave browser actually pays 70% of its ad revenue to users. 

Removal of Censorship 

Certain countries’ governments rigorously control or otherwise monitor their citizens’ Internet usage. Blockchains are by nature resistant to censorship and monitoring, which will allow for greater freedom of speech in countries like China

Anonymous Single Sign-On 

Most websites offer convenient Facebook or Google single sign-on options, which grant access to your personal information until revoked and are often used by companies for marketing purposes. Through the blockchain, anonymous single sign-on allows individuals to use a single username and authentication method across all sites, without relinquishing control over sensitive information. Transactions on the blockchain are transparent and visible but anonymized so that individual wallets can only be identified by an address and not a name or contact details. The entire ad economy will change as consumers push back against intrusive advertising and Web3 companies use alternatives to reach their target market. 


Participation that adds value to the community in Web3 is rewarded by tokens (e.g. NFTs). This can include anything from providing services, using a specific app, and posting new social messages. These activities “mint” an NFT representing ownership over the activities or content which can be stored and traded. If a social post is popular, for example, returns go directly to the owner of the post – not the platform it was made on. 


Decision-making power is split across an entire network. Decisions are made via consensus, not a single central corporate authority. In some decentralized organizations systems are established to democratize decision-making based on the volume of a user’s investment into the site/dapp. This allows users to vote on the rules that govern a site, which will then be executed through smart contracts. 

Web3 Companies That Are Already Disrupting Web2

Web3 may be in its infancy, but there are several companies that are making a direct play against some of the largest tech companies in the world. Steemit, for example, goes toe-to-toe with Facebook by providing a social news service that actually pays users to upvote, post, or comment. Content creators are rewarded based on their popularity. Status is also tackling Facebook Messenger’s model by providing an easy-to-use browser and messaging system that provides greater privacy and secure exchange of digital coins. DTube is a censorship-resistant video platform that is similar to YouTube but runs on the STEEM blockchain. There are no annoying ads – community voting determines which content creators get paid.

But one of the biggest disruptors will be the ability to store information in the cloud. Decentralization through providers like Storj allows companies and users to make use of the underutilized hard drive space from all around the world, paying providers in crypto. Users will pay a fraction of their current storage fees. Storage is provided on demand, speeds are greatly improved, and privacy and security are far superior to the alternatives. Files are distributed in small pieces across many hard drives so that only the rightful owner can access the complete and final copy. 

Reinventing the Internet

The idea of an online utopia seems far-fetched, but Web3 applications and platforms are already providing compelling alternatives to the Internet, and generating vast sums of profit (particularly in the crypto space). It’s a compelling proposition. What if the photos you post and witty tweets you write, the posts you like, and the time you spend browsing the web actually earned you some money, instead of lining the pockets of a few tech bros and their investors? 

Several tech companies and major banks are already dedicating time and resources to Web3. Perhaps the best way to picture Web3 is not envisioning a world where major platforms have been wiped out by Web3 apps, but where Web3 features are added to the platforms we already know, love and use. Taking down the likes of Google and Facebook isn’t entirely plausible, but if they want to remain relevant, they will play ball and start decentralizing their networks and businesses. 


Web3 isn’t a passing fad or looming takeover from another large corporation, but a clear indication that consumers are thinking carefully about their data, privacy, and participation on the Internet. Users are no longer interested in making others rich through their online activities; they want a more democratized and anonymous approach to the digital world. It’s better to disrupt than be disrupted, which is why tech companies should pay close attention to shifting consumer behavior and sentiment. 

How AI-powered expense management can help you stay in control of your finances

The pandemic definitely changed how people spend their money. According to a recent survey by the European Commission, in 2020, 71% of consumers shopped online. With purchases becoming more convenient, it’s important to be aware of our expenses and stay in control of our finances

Of course, this is easier said than done, especially if you don’t have the time to manually track every penny that goes in and out of your bank account. That’s where AI-powered banking expense management comes in.

With this technology, you can automate the process of tracking your spending, allowing you to stay on top of your finances. You’ll see how much you pay for different things like food, travel, or rent. What’s more, you can set limits on how much you can spend in each category. Indeed, you’re becoming aware of your spending habits and consequently keeping your finances under control!

What Happens When You Use an AI-Powered Banking Platform?

You Identify Your Spending Habits

When you go on a trip, you use their debit cards to pay for various things. An AI-powered expense management system will collect all your spending data and put it into respective categories like hotels, transportation services, or food.

So, you know exactly how much money each category costs you over time! You’ll see if there are any irresponsible patterns in your spending habits, which will help you make smarter financial decisions going forward.

You Manage Expenses with Ease

AI-powered banking platforms allow you to put restrictions on how much you can spend and how much vendors can charge you. You can establish spending limits and approval procedures for expenses. As a result, you can avoid going over the budget. AI-powered banking learns user spending behaviour and automates financial control down to the merchant level.

Track and Limit Your Expenses with AI-Embedded Banking Management

An excellent way to track your spending and stay within budget is by automatically limiting how much you can shell out in each category. For example, if you want to limit your travel expenses, the system will only allow you to spend a certain amount on transportation, lodging, and food. This approach is ideal for anyone who wants to be more mindful of their spending and stay in control of their finances.

You can also use an AI-embedded banking app to learn about your spending habits and projected expenses. For instance, with Tirnu, you can get automated and scheduled financial reports. Your spending data will be presented in easy-to-understand graphs, allowing you to get insights into your regular expenses.

By taking advantage of Tirnu’s AI-powered expense management system, you can stay on top of your finances and make smart spending decisions.