Many businesses rely on petty cash boxes to cover small ad-hoc expenses like drinks and snacks, cards and flowers, and office supplies like stamps. It might seem like an easy solution for low value expenses but petty cash is risky, open to errors, and time consuming to manage.
Soldo offers a flexible solution for every expense or business purchase, large or small.
While having a petty cash box in the office is a quick way to give out money to employees, it’s an old-fashioned solution that doesn’t support modern organisations. Many businesses like retailers, restaurants, or care homes run multiple sites, so keeping track of different cash boxes accurately becomes almost impossible. Which means, there’s a good chance petty cash could run out just when it’s needed. Purchases might be recorded with an incomplete and easily misplaced book and collected receipts, or not at all. Finance teams either have to deal with hours of spend processing, or lack full visibility of exactly what’s being spent across their business.
But there’s a better way with Soldo.
With Soldo, finance teams get the control and visibility they need.
And employees aren’t slowed down with lengthy sign-off processes.
Forget using multiple systems, Soldo lets you manage every card payment with one platform.
Users request funds via the Soldo app and managers can approve instantly, so everyone always has the funds they need without the risk of over-spending.
Finally get an accurate view of every purchase you make, regardless of the value.
With flexible cards, an easy app, web console, and accounting integrations, Soldo is the smart alternative to petty cash.
Give physical cards to individuals or teams who spend regularly. Capture spend data and receipts for every purchase in the Soldo app and set rules and spending limits.
Learn moreIssue temporary virtual cards instantly for online purchases. Minimise admin and keep control while you empower spending to keep your business moving.
Learn moreAvoid delays when making urgent purchases like catering for meetings. Transfer money to cards instantly, or set up low-balance top-ups so cards never run out of funds.
Soldo cuts the risks of moving, storing, and handing out cash. Set advanced rules and spending limits for each card, so you decide exactly what can be spent, when and where.
View every purchase in real-time, so there’s no month-end surprises or budget shortfalls. Track and manage spending all in one place.
Organise your money in Soldo into different wallets, so you’ll always have funds set aside for essential low-value purchases.
Bring your expense reports into Soldo and easily validate and approve purchases made on Soldo cards by your employees and teams.
Use the user app to snap pictures of receipts and enter info like VAT, as you purchase. Give finance teams complete spend data in a few clicks and end month-end chaos.
Learn moreUsers can request funds from wherever they are, in a couple of clicks. So, employees always have access to the money they need.
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Flow transaction info, VAT, and more into Xero, QuickBooks, NetSuite, or Sage and cut hours of manual data entry and expense paperwork. Or export a CSV to any platform.
Learn MoreJoin 30,000+ businesses who’ve already made the switch.