For many transport companies, payments on the road are one of their biggest challenges. Drivers advance fuel cash, use corporate credit cards or are tied to prepaid fuel cards that prove inappropriate for other expenses, such as overnight stays and repairs.
Conversely, payments require unnecessary administration and control. This is a waste of time and leads to frustration for both drivers and the Finance department. Fortunately, with Soldo’s smart payment cards and online payment platform, this can be made a lot easier.
One smart payment card allows drivers to settle both fuel and other expenses. They pay for overnight stays, repairs on the road and parking costs, for example, without having to advance anything themselves.
With Soldo, you offer drivers a smart payment card, suitable at any location that accepts Mastercard. The card works as easily as an international credit card, while offering many more flexible options.
Track costs in real time to avoid surprises later. Monitor live how much drivers are paying and avoid higher than expected claims. Segment expenses by category, so you can keep an accurate record of your teams’ spending.
View all business expenses incurred, both fuel and all other bills, at a glance. Receive notifications of new transactions and keep an eye on how costs are increasing against the budget.
Export expenses to your accounting tool or other system for easy data exchange.
Get control over the amounts drivers spend on the road, both on fuel and other expenses they have to incur. Use geo-restrictions, set limits for specific categories or limit how much employees can spend at most.
And set extra budget in advance for emergencies, if drivers’ budgets fall below a set limit. They are then automatically given extra budget for spending, which you don’t have to review and approve in a hurry. Soldo smart payment card thus replaces the security envelope full of cash in the truck.
With Soldo, you have full control over expenses and spending limits. Limit or prevent fraud and false claims, thanks to a digital payment platform with easy payment cards for drivers and other employees. Make things easier for them, while you keep tighter control.
Give employees the trust they deserve and know that you can easily keep an eye on everything in the meantime. Increase productivity by making it easier for everyone, while false declarations for cash payments definitely belong to the past.
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.
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.
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.
Soldo Financial Services Ltd is an electronic money institution, authorised and regulated by the Soldo Financial Services Ireland DAC: 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 UK Electronic Money Regulations 2017 and cannot be claimed by Soldo creditors.
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.
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.
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