The Ultimate Qashiopedia
Reversals
This refers to when a transaction fails to be completed by the merchant, or funds are not cleared. This results in the money being returned to the Qashio card from which it was originally deducted.
Revolving line of credit
A revolving line of credit is an agreement that allows for loans up to a certain limit. When a portion of the loan is repaid, it becomes available for borrowing again. This arrangement enables companies or consumers to access credit repeatedly without needing to apply for new loans. Revolving credit can be secured, where collateral (usually an asset) is provided, or unsecured, where no collateral is required, although the interest rate will generally be higher.
Rewards
Credit card rewards are incentives offered by banks to credit card holders to encourage spending. Rewards may include cashback, points for vouchers, airline miles, or discounts at specific vendors. While credit card rewards can help save money, they should be used judiciously, as overspending or missed payments can negate any benefits.
Rewards Transfer
The process of moving earned reward points (QashioPoints), into other reward programs or accounts. The admin users for each company can define who can transfer Qashio points to affiliated programs like Emirates Skywards, Shukran Points, or convert them into Qashback. This allows companies to maximise the benefits of corporate spending through flexible reward options.
Role-Based Permissions
Refers to the specific access levels and responsibilities assigned to different users based on their role within the system. These roles establish what users can view, manage, or control in the platform, ensuring that access is appropriately restricted according to their job functions. The four main user roles are company admin, assistant admin, accountant admin, and end user.
Rolling budget
A rolling budget, also known as a budget rollover or continuous budget, is one that is updated after its relevant period, typically every quarter or month, to introduce a new budget period. Companies utilise rolling budgets for improved accuracy and flexibility, allowing them to adapt without needing to create an entirely new budget each year.
Rolling forecast
A rolling forecast is a continuous financial model that companies use to plan operations and predict performance over a specified period, usually a year, updated monthly or quarterly. This approach enhances accuracy and reduces risk due to improved visibility.
SaaS management
SaaS management involves centralising a business's software-as-a-service applications by managing and monitoring the entire lifecycle of these applications within the company's portfolio, including visibility and access for all users.
Settlement
In financial terms, settlement is the final step in the exchange of a payment or security, after which transactions are considered complete. Settlement can also occur in the context of debt, where a debt settlement involves paying a lower amount than owed with the agreement that the reduced figure will be paid in full.
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