Features, Benefits and How it Works
Soldo is a fintech platform that specializes in expense management for businesses, offering a comprehensive system to streamline company spending, budgeting, and financial oversight. Founded in 2015, Soldo is designed to give businesses greater control over their finances by integrating smart company cards with powerful software tools that automate and simplify the process of managing expenses.
Moreover, at the core of Soldo’s offering is its prepaid company cards, which are issued to employees for business-related expenses. These cards are linked to a centralized administrative account, giving finance teams the ability to monitor, control, and allocate spending in real-time. Each card can be customized with individual spending limits, merchant restrictions, and usage policies, allowing businesses to tailor the cards to the specific needs of different departments or employees.
Likewise, Soldo’s platform is also designed to automate and streamline the collection of expense data. The mobile app allows employees to easily capture receipts and categorize their purchases as soon as they occur. The system automatically reconciles transactions with these receipts, reducing the manual workload for both employees and finance teams. Additionally, Soldo’s app offers real-time notifications and alerts, keeping employees informed about their spending limits and ensuring compliance with company policies.
In addition, for finance teams, Soldo provides a centralized dashboard that gives a detailed view of all company expenses. The platform’s reporting tools allow for the generation of detailed financial reports, which can be filtered by employee, department, vendor, or project. This feature helps businesses track spending patterns, identify potential cost-saving opportunities, and ensure budget adherence across the organization.
Soldo integrates with various accounting and enterprise resource planning (ERP) systems, such as QuickBooks, Xero, and Sage, automating the flow of expense data into the company’s financial records. This integration helps eliminate the need for manual data entry, reduces the likelihood of errors, and ensures that expense data is always up to date. By automating key financial processes, Soldo enables businesses to free up valuable time and resources that can be better spent on growth and operations.
Go to Soldo
Founded: 2015
Headquarters: London, UK
Users: +30,000 thousand
Countries available: United Kingdom and European Economic Area (EEA)
Account plans: 3 plan options for businesses
