Using Soldo, GetYourGuide overcame the strict
daily transaction limits of credit cards when buying
huge volumes of tickets.
GetYourGuide is the world’s largest online platform for booking tours, attractions and activities. Its diverse team, comprising over 45 nationalities, works hard every day to deliver extraordinary trips and experiences to travellers. Here’s how Soldo helps.
Due to the nature of GetYourGuide’s business, their team has to pre-buy a huge number of tickets to the world’s best attractions. Before Soldo, GetYourGuide relied on credit cards from numerous banks. They would often hit maximum daily transaction limits and exhaust spending restrictions within hours, leaving them frustrated and unable to meet the market’s growing demand. On top of that, precious employee time was wasted trawling through monthly bank statements to account for every expense.
The solution was Soldo – the smart spending and expenses platform.
‘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,’ says Dennis Koehler, Head of Payments and Fraud at GetYourGuide.The solution was Soldo – the smart spending and expenses platform.The solution was Soldo – the smart spending and expenses platform.
I love Soldo’s flexibility – it’s so easy to maintain and everything is in real time.
With Soldo, he has full visibility and control over company spend. And the team has managed to automate away many of the most tedious processes. In one instance, in response to a request, the Soldo product team developed auto top-ups for when funds fall below a predefined value. Now the team at GetYourGuide always has access to the funds they need.
Dennis thinks it’s emblematic of Soldo’s most endearing trait: ‘I love Soldo’s flexibility – it’s so easy to maintain and everything is in real time. I can set rules, decide who’s allowed to do what, set up automatic instant funding, budgeting, and disable particular expense categories or geographical locations.’
Soldo also supports GetYourGuide’s Intercode accounting processes, as well as allowing them to set up separate expense centres for offices around the world.
Continued international growth is the result of their team’s hard work and, in some part, their tools. Soldo has provided a secure means to empower employees in new global offices to buy what they need without having to pay up front for later reimbursement. Considering one of their key markets, Dennis says:
“It’s been great, and we couldn’t have kept things running so successfully over in Asia without Soldo.”