Automating spend management for the manufacturing sector

Digital technology has revolutionised the way small and large manufacturers operate – from textiles and electronics, to engineering and pharmaceuticals. With automation like production cycle optimisation and advanced robotic solutions, digital solutions have transformed production processes within the manufacturing sector.

Yet many businesses still rely on manual spend and expense management methods, like reimbursements, petty cash, or credit cards, that slow teams down and don’t give finance teams full visibility or control.

Soldo offers a more flexible, automated alternative to help the manufacturing sector track and manage their spending and expenses.

Join manufacturing businesses already using Soldo

Simplify travel expense management

From the installation and maintenance of machinery to conferences and client meetings, business travel is essential to the manufacturing sector. But keeping track of every transaction isn’t easy, and managing mileage reimbursement, the cost of car rentals, purchasing plane tickets, and paying for hotel stays can be a slow and complicated process – especially using traditional management methods like reimbursements or credit cards.

With Soldo, you can give your employees and teams smart cards that connect to an expenses app that records every transaction made at the point of purchase, in real-time. That means, no more lengthy expense reports. Employees simply make their purchase, then snap a photo of their receipt and add notes in just a few clicks.

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Get full visibility of every payment

Spending come in many forms, whether that’s staff training, production, or transportation costs. Ensuring that every purchase or expense is within budget and is managed correctly and transparently is essential, but not always guaranteed.

Soldo gives your employees and finance team a digital platform to manage every expense and business purchase. With smart cards, an expenses app, web console, and accounting integrations, managing costs is quicker and more centralised. So, it’s easier to keep company spending under control.

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Take control with spend limits

When different employees are paying out of pocket, and different department heads are signing off spending, it’s difficult to keep control of exactly who’s spending what, when and where. That makes it easy to go over budget and hard to check everything is a legitimate purchase.

Using Soldo’s web console, you can view all your spending and expenses in real time, assign spending limits to different individuals or teams, use wallets to set funds aside for teams or projects, assign funds in different currencies, and download detailed statements and reports for each card.

1.  Simplify travel expense management

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2.  Get full visibility of every payment

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3.  Take control with spend limits

Company and employee cards

  • No more sharing credit cards issued to individuals
  • Assign physical or virtual Mastercard® cards to employees, clients, campaigns, or departments
  • Give access to shared or dedicated funds
  • Customise limits and rules to control costs

Employee expenses app

  • Forget paying out of pocket and sorting reimbursements
  • Manage spend and request funds on the go
  • Capture receipts, VAT and spend information in minutes

Management dashboard

  • See all your spending, expenses, and approvals in real time
  • Approve payments, set limits, and create spend controls
  • Sync Soldo with accounting software including Xero, QuickBooks, Sage, and NetSuite

Choose the perfect plan

Get everything you need to manage spending and breeze through expense reporting.

Pick the perfect plan for your business and apply in minutes, with no credit check.

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21€ per month
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Most asked questions

What if I want to leave Soldo?

We’re sure you’ll be happy with our service, joining thousands of satisfied businesses. But if you ever want to leave, you can close your Soldo account at any time and all the funds available on your account will be transferred back to the account from which they were initially deposited.

What size company is Soldo suitable for?

Soldo isn’t just for small business, it’s for all business. Soldo scales from one card to any number, matching the structure of your organisation with wallets for departments or individuals, which fund cards for teams, employees or contractors.

Though our software is intuitive and easy to use, powerful reporting is made possible by smart filters and granular transaction data. So, whether your business has two employees or 20,000, Soldo can help you gain visibility and control over spending, while simplifying expenses.

If your company has more than 100 employees, discover our tailored offer for enterprises on the dedicated website.

Does Soldo integrate with my accounting system?

Yes, Soldo integrates with all major accounting systems. Soldo has the world’s most complete API connection to Xero, sending transactions daily via an automatic bank feed. Our seamless integrations with Xero, QuickBooks Online and NetSuite also make it easy to share enriched transaction data including receipts, categories, notes and much more – in just one click.

If you’re using another accounting platform – like Sage, FreeAgent or many others – Soldo makes it easy to export transaction data in a variety of formats, in two clicks. Transaction data can be exported in XLSX, CSV, QIF and OFX formats, making your data compatible with all major accounting software solutions.

How secure is Soldo? What guarantees do I have?

Soldo Financial Services Ireland DAC is an electronic money institution, authorised and regulated by the Central Bank of Ireland: this means we have to follow strict compliance processes.  We don’t lend or take risks with customer money, we access it solely to execute the customer’s transactions. Client funds are always protected, as they are completely independent of Soldo’s business accounts and assets. The funds are safeguarded under Irish Electronic Money Regulations 2011 and cannot be claimed by Soldo creditors.

How does Soldo work?

With Soldo, you control all business spending and – thanks to the integration with your accounting system – you can reconcile expenses quickly and easily. You can equip some or all employees, entire teams, or even external collaborators with Mastercard® Soldo cards , deciding who has access to company money and the rules by which to spend it.

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Is Soldo a business bank account?

No. Soldo provides additional spend management features that work alongside your business bank account, instead of replacing it. You can use your Soldo cards to separate staff spending from your main company funds, as well as accessing powerful new features that aren’t available with any banking provider.