For every card issued, you can set tailored spending limits using Alaan. It's important to note that when a limit is set on a card, it will not impact the company's balance. The company balance only decreases when the card is used to make a payment. Here are some guidelines on when to use each spending limit.

As the name suggests, the limit is reset daily, and any unused balance does not carry over to the next day. This limit may be appropriate if employees need to make small, daily routine purchases, such as office supplies, coffee runs, or lunch expenses.

In this case, the limit is reset on the 1st day of every month, and any unused balance from one month does not carry over to the next month. This limit may be more suitable if employees need to make larger purchases or pay for regular expenses that occur throughout the month, such as utility bills or software subscriptions.

Use this limit if you are issuing a card to someone who has a defined exposure limit in your company (e.g., before Alaan, you may have defined petty cash limits per employee). The limit is not reset based on a fixed time period but is instead reset when the expenses made on the card have been reviewed and approved by designated approvers. Bear in mind that delays in approval may result in the cardholder not being able to use the card for legitimate expenses.

This limit is ideal for one-time expenses like projects, events, or equipment purchases, ensuring that expenses do not exceed a set budget. Limits are never reset unless you manually change them.

Cards with this limit can't transaction by default. Cardholders will have to submit a request on their Alaan app, which only once approved, will allow them to transact until the date defined in the request. Typical use cases for this limit are high-amount payments or payments requiring pre-approvals. You can read more about it here.