Media agencies face unique challenges when managing spend as they work with multiple clients and across different platforms at any given time. So, keeping tight control over cash flow and budgets is vital. As the number of apps grows, technology becomes increasingly key. With Soldo’s automated platform, fast-paced media agencies can manage spend and expenses seamlessly.
Overseeing different campaigns across currencies can make spending incredibly difficult to track and reconcile. When working with clients in different countries, agencies may struggle to get the best exchange rate and business fees.
With Soldo, you can organise the funds in your account in different wallets. And you can set each of these wallets up in different currencies. That way you can mirror the campaigns and clients you work within Soldo, so it’s easier to manage multiple budgets and ringfence funds.
Agencies need to keep on top of multiple channels and client campaigns simultaneously. Reaching credit limits and failing to give clients a clear view of how their money is being spent just isn’t an option.
Remove the complications of multiple payments with dedicated cards for each campaign, client, or project. Create spend limits for each card to avoid the risk of overspending (or hitting credit limits) or set up auto top-ups so cards never run out of funds. View payments as soon as they are made and get an instant overview of all costs, so you can identify trends and savings by channel or client in real time.
Multiple apps can make getting a clear view of every payment incredibly difficult. And getting complete oversight is the first step to spending effectively and efficiently.
Put an end to siloed spending by integrating your existing business systems and processes through our API. Integrate your apps with your Soldo platform to get a 360° view of all your spending in your account. And Soldo allows you to enable authorised PSD2 Third-Party Providers to access your account information.
Media is a fast-paced industry, so agencies need to be agile. For growing businesses, cash flow is often tight, so the flexibility to spend quickly and cut budgets in an instant is key. And if you’re hiring new starters, expanding departments, or branching out in new categories, you need a spending platform that can grow with you.
Soldo gives you a clear view of exactly which individuals, teams, and departments are spending what. This also allows you to quickly increase or decrease spending for the different groups, so you can react to the wider market, keep on top of every penny, and get the best ROI.
“We need to have non-nominative cards, in multiple currencies, attached to powerful reporting that integrates with Sage. Soldo ticks all those boxes.”
“We manage the budgets of 7 top spenders in the digital field. Soldo was a real revolution for us, because it simplified everything instantly with a totally centralised, convenient and fast system.”
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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 a traditional business bank account.
Soldo Financial Services Ltd is an electronic money institution, authorised and regulated by the Financial Conduct Authority under the Electronic Money Regulations 2011: 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.
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 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 and helping you gain the advantages of financial planning in your business.
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.
