What is Soldo and how does it work?
Soldo is a prepaid company card and automated expense management software that provides businesses with a one-stop solution for managing their spending. It offers a variety of features to help businesses streamline their expense management process, including:
- Prepaid company cards: Soldo provides employees with prepaid company cards that can be used to make business-related purchases. This helps businesses to control their spending and track employee expenses more easily.
- Effortless bookkeeping: Soldo automatically generates expense reports, which can be exported to popular accounting software packages. This saves businesses time and hassle when it comes to bookkeeping.
- Simplified reporting structure: Soldo provides businesses with a variety of reports that can be used to track employee spending, identify trends, and make informed decisions about spending.
- Real-time tracking facilities: Soldo provides businesses with real-time visibility into employee spending. This helps businesses to identify any potential problems early on and take corrective action.
Soldo also integrates with a variety of popular business software applications, such as QuickBooks Online, Xero, and NetSuite. This makes it easy for businesses to streamline their workflows and get the most out of their Soldo accounts.
Soldo Pricing
Pricing Model
Freemium , Subscription , Quotation Based
YEARLY
Screenshot of the Vendor Pricing Page
Soldo Features
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- Card Spending TrackerAutomatically tracks the expense done using a linked debit or credit card.
- Multi-level ApprovalA sequential and thorough review process to approve expenses.
- Reconciliation SummaryA statement prepared to report total outstanding payments and receipts.
- Bank Feed SyncCan sync with bank notification and fetch expenses to make entries in the record book.
- Receipt ScannerOCR (Optical Character Recognition) tool to scan and upload a paper receipt to make entries on the go.
- Receipt ManagementStore and manage receipts of the expenses incurred by the employees.
- Multiple Reporting CurrencyReports entries from different origin currencies in the native exchange rate.
- Spend ControlTo reduce spending and prevent unauthorized use by setting transactional control.
- Reimbursement ManagementHelps in managing employee expenses claims and regularize the approval process.
- Expense ApprovalManagers can review and approve expense reports. Expenses not in compliance are automatically flagged or rejected.
- Third-party IntegrationThird-party integration means addition of necessary external data to an existing project using different APIs (Application Program Interfaces). Due to the third-party APIs the developers are able to build a new solution in a shorter period of time, using already existing components instead of creating a code for new ones from scratch.
- Mileage TrackingFacilitates tracking mileage automatically and stop recording when a location is reached & it can produce IRS compliant reports
- Time & Expense TrackingTime and expense tracking is the process of recording and tracking hours worked and expenses as they relate to projects. Time and expense tracking may provide multiple timesheet and expense views, configurable work time, overtime, approval, and expense reporting policies to allow organizations to effectively collect and manage time and expenses based on their unique requirements. It enables companies to reduce errors, duplicate entries, and administrative overhead. It can also reduce the amount of time it takes to collect and report project data, manage timesheets and remote data entry.
- Tax ClaimHelps with tax reclaim on expenses and maximizes the tax benefit of the organization.
Soldo Technical details
| Support | Online | Customer Type | Large Enterprises Medium Business Small Business |
| API | Location / Phone Number | London, England | |
| Deployment | SaaS/Web/Cloud Mobile – Android Mobile – iOS |
Official Website | https://www.soldo.com/en-eu/ |
| Category | Expense Management Software |
Soldo FAQs
Soldo is Expense Management Software. Soldo offers the following functionalities:
- Card Spending Tracker
- Multi-level Approval
- Reconciliation Summary
- Bank Feed Sync
- Receipt Scanner
- Receipt Management
- Multiple Reporting Currency
- Spend Control
- Reimbursement Management
- Expense Approval
- Third-party Integration
- Mileage Tracking
- Time & Expense Tracking
Here`s a list of the best alternatives for Soldo:
- Simplifi
- Quicken
- Expend
- Pleo
- Spendesk
Yes, Soldo provides API.
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