eBook

Spend Management for HR, unlocked  

When company money is easy to access, your wellbeing packages, learning and development initiatives, and retention schemes become more effective. Here’s how Soldo can help.

72% of employees

say paying out of pocket negatively affects their personal finances

61% of employees

say paying out of pocket causes anxiety at least some of the time.

Frequently asked questions

Everything you need to know about blurred lines

What is a spend management platform for HR teams? 

A spend management platform helps HR teams control, track, and automate employee-related expenses such as travel, training, and benefits. It centralises spending data, simplifies reimbursements, and ensures compliance with company policies.

How can HR teams stop employees from paying out of pocket for work expenses? 

By issuing company expense cards through a spend management platform like Soldo, HR teams can give employees access to approved funds upfront. No need for personal payments and lengthy reimbursement processes. 

Why is spend visibility important for HR and finance teams? 

Spend visibility gives HR and finance teams real-time insight into where company money is going, helping them manage budgets effectively. It also enables better forecasting, fraud prevention, and compliance monitoring. 

How can HR teams ensure employee expenses are policy-compliant? 

HR can set spending rules, limits, and approval workflows within one platform that automatically enforces company policies. All expenses become aligned with HR and finance guidelines. 

How does expense automation improve employee experience and retention? 

Automation removes tedious tasks like manual expense reports and reimbursements. Employees become free to focus on higher-value, strategic work which boosts job satisfaction and offers a better overall employee experience. 

How can Soldo integrate with HRIS like Workday or BambooHR? 

Soldo can sync employee data and cost centres from HRIS tools like Workday or BambooHR to ensure accurate expense allocation, streamline onboarding, and keeps financial records consistent. 

How can HR teams automate expense management processes? 

By using Soldo’s automated workflows, HR teams can issue cards, track spend in real time, and reconcile expenses automatically. Receipts and data sync directly with accounting and HR systems, removing manual work. 

How does Soldo help HR reduce admin time? 

Soldo automates expense capture, categorisation, and reporting, cutting out manual data entry and paper-based processes. Instead of handling manual onboarding steps or coordinating with finance over expense issues, HR teams can focus on strategic initiatives like employee engagement, retention, and workforce planning. 

How can HR streamline onboarding with instant expense card setup? 

With Soldo, HR can issue virtual or physical cards to new hires instantly, preloaded with funds for training, travel, or equipment. Employees have what they need from day one, without having to wait for reimbursements. 

How can HR use Soldo to improve employee satisfaction and compliance? 

Soldo empowers employees with easy access to company funds while ensuring every transaction follows set policies.