Soldo petty cash cards offer a better way to manage business and employee expenses.
Cash can be hard to manage, switch to company cards that give you control over spending
Never make another last-minute trip to the bank – instantly send money to employees from anywhere
Save hours on manual admin with our expense management platform and mobile app
With Soldo company cards, you control your business expenses and who spends company money, how much, on what, and which budget they use. Set custom rules and limits for each card in a few clicks to prevent overspending, without micromanaging every transaction.
How much time do you spend working through expense reimbursements? Querying mistakes, or chasing missing receipts? Probably more than you’d like to. Soldo company cards make spending less complex. No out-of-pocket spending means no more reimbursements – saving finance teams hours on expense processing.
When you switch to Soldo, you make expenses easy and fair for everyone involved. Soldo company cards give the right people controlled access to company money, so no one has to spend time on expense claims or reimbursements. Our expense management platform and mobile app are user-friendly and intuitive. They reduce manual effort in a variety of ways, from automating finance processes for finance teams to allowing employees to capture receipts at point of purchase.
Copying data between multiple systems isn’t just annoying – it wastes time and increases the likelihood of manual input errors. Soldo connects with your accounting software so you can track, manage, and report on employee expenses and company spending. All in one place. Reconcile in a single click, manage month-end faster. Rely on real-time, accurate spend and expense data.
You can sign up for Soldo’s prepaid cards without a credit check. Our quick application process means you could be up and running tomorrow.
“Since we started using Soldo, it’s been such a relief not to have to regularly email or phone the banks to ask for our credit card limits to be raised. I love Soldo’s flexibility – it’s so easy to maintain and everything is in real time.”
“Soldo has enabled us to close our old corporate credit card scheme, remove petty cash from our business and reduce the number of expense claims we process. This has reduced the administrative burden, replacing separate manual processes with a single system.”
Get the benefits of a Soldo account now
A prepaid business card gives employees controlled access to company money. Instead of having to use their own money (pay out-of-pocket), employees can use a company card to make purchases that relate to their work.
With Soldo, you can allocate physical cards or virtual company cards to specific employees, teams, departments or projects to be used for spending with a pre-approved and allocated budget. Soldo company cards can be used to pay for business travel, for example, entertain clients or for recurring payments such as online subscriptions.
Whether or not you can put business expenses on your personal card will depend on your company’s employee expense policy. Some companies will allow you to use your personal card and then they’ll pay you back as an expense reimbursement.
It’s important to check the expense policy first because this will tell you what kind of purchases are approved and how much you’re allowed to spend on specific items or within particular expense categories. If you put a business expense on your personal card that falls outside of the expense policy, you may not be able to get an expense reimbursement.
Expense cards provide controlled and immediate access to company money that businesses can issue to employees, teams, departments or projects for business purchases. Unlike corporate cards, Soldo expense cards are separate from the main business bank and connect to expense management software. Companies can then control spending by allocating expense cards with custom limits and rules that ensure all payments adhere to their expense policy. Expense cards can be plastic or virtual cards and used online or in-store. Some expense cards are named physical cards, allowing for pre-approved spending for the duration of the employee’s time at the company. Other expense cards may be temporary virtual cards, created for a single ad-hoc purchase or for a limited amount of purchases over a specified period of time.
The most efficient way to monitor monthly expenses is by using expense management software. This allows you to review and track company spending in real-time with visibility over who is spending, on what and how much. Good expense management software will generate accurate reports across all transactions for you. You should also have the option to sync and reconcile expenses and receipts with your accounting software and other business systems. Monitoring monthly expenses through a single platform like this is easier than switching between spreadsheets or other systems and is less susceptible to human error.