Soldo Review 2025: Pricing, Features, Pros & Cons, Ratings & More
Co-Founder and Chief Data Scientist
Soldo: Top Expense Management Software
4.5 / 5
Featured Expense Management Software Alternatives for Soldo
$198 per month, free plan available
Demo available
Order tracking, supplier management, contract management
Editor's Take
Tradogram is a cloud-based procurement and spend management software designed to help businesses streamline purchasing processes, control costs, and manage supplier relationships effectively. With its intuitive interface, Tradogram allows companies to automate and optimize procurement workflows, from purchase requisitions and approvals to supplier negotiations and order management. The platform is scalable, making it suitable for businesses of all sizes.
Key features include purchase order management, supplier management, budget tracking, and spend analytics. Tradogram also offers multi-currency support, contract management, and real-time reporting, giving businesses better visibility and control over their procurement activities. The software integrates with accounting systems, ensuring smooth financial operations.
Tradogram is ideal for businesses looking to enhance their procurement processes, reduce unnecessary spending, and foster stronger supplier relationships, all while maintaining control and visibility over company-wide purchasing activities.
Expert Score
In evaluating SaaS software, a comprehensive and structured methodology ensures a fair and accurate comparison across key metrics. This approach focuses on the most critical aspects that affect user experience, functionality, and business value. The following metrics—general features, cost, customer service, integrations, and mobile support—are evaluated to provide a holistic view of each software solution’s strengths and weaknesses. These metrics are selected based on their direct impact on software usability, scalability, and long-term effectiveness for businesses.
1. General Features - scoring weight 40%
This metric evaluates the core functionalities and tools the software offers. It involves assessing the comprehensiveness of the features, their relevance to the target users, and the ease of use. This is important because robust and well-designed features determine the software's overall utility and efficiency in solving user problems.
2. Cost - scoring weight 15%
Cost analysis focuses on pricing models, value for money, and scalability. It's crucial to evaluate whether the software’s features justify its price, considering different plans for small and large organizations. This is vital for businesses to ensure they invest in cost-effective solutions that fit their budget.
3. Customer Service - scoring weight 15%
This evaluates the responsiveness, quality, and availability of customer support, including channels like chat, email, or phone. Good customer service is essential for troubleshooting and ensuring smooth software usage, which reduces downtime and frustration for users.
4. Integrations - scoring weight 15%
This examines how well the software integrates with third-party tools (e.g., CRM, payment systems, collaboration apps). Seamless integrations are key for creating a unified workflow and enhancing productivity by connecting multiple systems, which is crucial for operational efficiency.
5. Mobile Support - scoring weight 15%
Mobile support assesses the software’s functionality and performance on mobile devices, including apps and mobile web versions. With increasing remote work and on-the-go usage, strong mobile support is critical to ensure users can access and utilize the software effectively, regardless of location.
Editor's Take
Expert Score
In evaluating SaaS software, a comprehensive and structured methodology ensures a fair and accurate comparison across key metrics. This approach focuses on the most critical aspects that affect user experience, functionality, and business value. The following metrics—general features, cost, customer service, integrations, and mobile support—are evaluated to provide a holistic view of each software solution’s strengths and weaknesses. These metrics are selected based on their direct impact on software usability, scalability, and long-term effectiveness for businesses.
1. General Features - scoring weight 40%
This metric evaluates the core functionalities and tools the software offers. It involves assessing the comprehensiveness of the features, their relevance to the target users, and the ease of use. This is important because robust and well-designed features determine the software’s overall utility and efficiency in solving user problems.
2. Cost - scoring weight 15%
Cost analysis focuses on pricing models, value for money, and scalability. It’s crucial to evaluate whether the software’s features justify its price, considering different plans for small and large organizations. This is vital for businesses to ensure they invest in cost-effective solutions that fit their budget.
3. Customer Service - scoring weight 15%
This evaluates the responsiveness, quality, and availability of customer support, including channels like chat, email, or phone. Good customer service is essential for troubleshooting and ensuring smooth software usage, which reduces downtime and frustration for users.
4. Integrations - scoring weight 15%
This examines how well the software integrates with third-party tools (e.g., CRM, payment systems, collaboration apps). Seamless integrations are key for creating a unified workflow and enhancing productivity by connecting multiple systems, which is crucial for operational efficiency.
5. Mobile Support - scoring weight 15%
Mobile support assesses the software’s functionality and performance on mobile devices, including apps and mobile web versions. With increasing remote work and on-the-go usage, strong mobile support is critical to ensure users can access and utilize the software effectively, regardless of location.
Editor's Take
Expert Score
In evaluating SaaS software, a comprehensive and structured methodology ensures a fair and accurate comparison across key metrics. This approach focuses on the most critical aspects that affect user experience, functionality, and business value. The following metrics—general features, cost, customer service, integrations, and mobile support—are evaluated to provide a holistic view of each software solution’s strengths and weaknesses. These metrics are selected based on their direct impact on software usability, scalability, and long-term effectiveness for businesses.
1. General Features - scoring weight 40%
This metric evaluates the core functionalities and tools the software offers. It involves assessing the comprehensiveness of the features, their relevance to the target users, and the ease of use. This is important because robust and well-designed features determine the software’s overall utility and efficiency in solving user problems.
2. Cost - scoring weight 15%
Cost analysis focuses on pricing models, value for money, and scalability. It’s crucial to evaluate whether the software’s features justify its price, considering different plans for small and large organizations. This is vital for businesses to ensure they invest in cost-effective solutions that fit their budget.
3. Customer Service - scoring weight 15%
This evaluates the responsiveness, quality, and availability of customer support, including channels like chat, email, or phone. Good customer service is essential for troubleshooting and ensuring smooth software usage, which reduces downtime and frustration for users.
4. Integrations - scoring weight 15%
This examines how well the software integrates with third-party tools (e.g., CRM, payment systems, collaboration apps). Seamless integrations are key for creating a unified workflow and enhancing productivity by connecting multiple systems, which is crucial for operational efficiency.
5. Mobile Support - scoring weight 15%
Mobile support assesses the software’s functionality and performance on mobile devices, including apps and mobile web versions. With increasing remote work and on-the-go usage, strong mobile support is critical to ensure users can access and utilize the software effectively, regardless of location.
Soldo Review
What is Soldo
Soldo business expense management offers a streamlined approach for companies aiming to oversee corporate spending with precision. By integrating prepaid company cards with detailed expense tracking, the platform centralizes budget control and enforces spending policies automatically, reducing unauthorized expenses across departments and teams.
How does Soldo prepaid card work? Each card can have defined spending limits and categories, enabling administrators to monitor and manage expenditures in real time. Transactions are recorded instantly, allowing for swift reconciliation without the hassle of manual reporting. Employees benefit from mobile apps that simplify receipt uploads, enhancing accuracy and speed in documenting expenses.
The system’s compatibility with popular accounting software helps automate bookkeeping and maintain consistent financial records. This integration supports finance teams in focusing on higher-level financial planning rather than routine expense processing. Moreover, Soldo’s multi-currency support facilitates seamless management of expenses for international operations.
Accessible via both web and mobile platforms, Soldo provides flexibility to users who need to control spending from various devices. Its security features include instant card freezing and transaction alerts, which help detect suspicious activities promptly and protect sensitive financial data by tailoring user permissions based on roles.
For businesses exploring comprehensive financial tools, it may be useful to compare Soldo with the popular marketing platforms to understand different software capabilities that can enhance organizational efficiency and expense management strategies.
Expense Management Software
$198 per month, free plan available
Demo available
Order tracking, supplier management, contract management
Editor's Take
Tradogram is a cloud-based procurement and spend management software designed to help businesses streamline purchasing processes, control costs, and manage supplier relationships effectively. With its intuitive interface, Tradogram allows companies to automate and optimize procurement workflows, from purchase requisitions and approvals to supplier negotiations and order management. The platform is scalable, making it suitable for businesses of all sizes.
Key features include purchase order management, supplier management, budget tracking, and spend analytics. Tradogram also offers multi-currency support, contract management, and real-time reporting, giving businesses better visibility and control over their procurement activities. The software integrates with accounting systems, ensuring smooth financial operations.
Tradogram is ideal for businesses looking to enhance their procurement processes, reduce unnecessary spending, and foster stronger supplier relationships, all while maintaining control and visibility over company-wide purchasing activities.
Expert Score
In evaluating SaaS software, a comprehensive and structured methodology ensures a fair and accurate comparison across key metrics. This approach focuses on the most critical aspects that affect user experience, functionality, and business value. The following metrics—general features, cost, customer service, integrations, and mobile support—are evaluated to provide a holistic view of each software solution’s strengths and weaknesses. These metrics are selected based on their direct impact on software usability, scalability, and long-term effectiveness for businesses.
1. General Features - scoring weight 40%
This metric evaluates the core functionalities and tools the software offers. It involves assessing the comprehensiveness of the features, their relevance to the target users, and the ease of use. This is important because robust and well-designed features determine the software's overall utility and efficiency in solving user problems.
2. Cost - scoring weight 15%
Cost analysis focuses on pricing models, value for money, and scalability. It's crucial to evaluate whether the software’s features justify its price, considering different plans for small and large organizations. This is vital for businesses to ensure they invest in cost-effective solutions that fit their budget.
3. Customer Service - scoring weight 15%
This evaluates the responsiveness, quality, and availability of customer support, including channels like chat, email, or phone. Good customer service is essential for troubleshooting and ensuring smooth software usage, which reduces downtime and frustration for users.
4. Integrations - scoring weight 15%
This examines how well the software integrates with third-party tools (e.g., CRM, payment systems, collaboration apps). Seamless integrations are key for creating a unified workflow and enhancing productivity by connecting multiple systems, which is crucial for operational efficiency.
5. Mobile Support - scoring weight 15%
Mobile support assesses the software’s functionality and performance on mobile devices, including apps and mobile web versions. With increasing remote work and on-the-go usage, strong mobile support is critical to ensure users can access and utilize the software effectively, regardless of location.
Editor's Take
Expert Score
In evaluating SaaS software, a comprehensive and structured methodology ensures a fair and accurate comparison across key metrics. This approach focuses on the most critical aspects that affect user experience, functionality, and business value. The following metrics—general features, cost, customer service, integrations, and mobile support—are evaluated to provide a holistic view of each software solution’s strengths and weaknesses. These metrics are selected based on their direct impact on software usability, scalability, and long-term effectiveness for businesses.
1. General Features - scoring weight 40%
This metric evaluates the core functionalities and tools the software offers. It involves assessing the comprehensiveness of the features, their relevance to the target users, and the ease of use. This is important because robust and well-designed features determine the software’s overall utility and efficiency in solving user problems.
2. Cost - scoring weight 15%
Cost analysis focuses on pricing models, value for money, and scalability. It’s crucial to evaluate whether the software’s features justify its price, considering different plans for small and large organizations. This is vital for businesses to ensure they invest in cost-effective solutions that fit their budget.
3. Customer Service - scoring weight 15%
This evaluates the responsiveness, quality, and availability of customer support, including channels like chat, email, or phone. Good customer service is essential for troubleshooting and ensuring smooth software usage, which reduces downtime and frustration for users.
4. Integrations - scoring weight 15%
This examines how well the software integrates with third-party tools (e.g., CRM, payment systems, collaboration apps). Seamless integrations are key for creating a unified workflow and enhancing productivity by connecting multiple systems, which is crucial for operational efficiency.
5. Mobile Support - scoring weight 15%
Mobile support assesses the software’s functionality and performance on mobile devices, including apps and mobile web versions. With increasing remote work and on-the-go usage, strong mobile support is critical to ensure users can access and utilize the software effectively, regardless of location.
Editor's Take
Expert Score
In evaluating SaaS software, a comprehensive and structured methodology ensures a fair and accurate comparison across key metrics. This approach focuses on the most critical aspects that affect user experience, functionality, and business value. The following metrics—general features, cost, customer service, integrations, and mobile support—are evaluated to provide a holistic view of each software solution’s strengths and weaknesses. These metrics are selected based on their direct impact on software usability, scalability, and long-term effectiveness for businesses.
1. General Features - scoring weight 40%
This metric evaluates the core functionalities and tools the software offers. It involves assessing the comprehensiveness of the features, their relevance to the target users, and the ease of use. This is important because robust and well-designed features determine the software’s overall utility and efficiency in solving user problems.
2. Cost - scoring weight 15%
Cost analysis focuses on pricing models, value for money, and scalability. It’s crucial to evaluate whether the software’s features justify its price, considering different plans for small and large organizations. This is vital for businesses to ensure they invest in cost-effective solutions that fit their budget.
3. Customer Service - scoring weight 15%
This evaluates the responsiveness, quality, and availability of customer support, including channels like chat, email, or phone. Good customer service is essential for troubleshooting and ensuring smooth software usage, which reduces downtime and frustration for users.
4. Integrations - scoring weight 15%
This examines how well the software integrates with third-party tools (e.g., CRM, payment systems, collaboration apps). Seamless integrations are key for creating a unified workflow and enhancing productivity by connecting multiple systems, which is crucial for operational efficiency.
5. Mobile Support - scoring weight 15%
Mobile support assesses the software’s functionality and performance on mobile devices, including apps and mobile web versions. With increasing remote work and on-the-go usage, strong mobile support is critical to ensure users can access and utilize the software effectively, regardless of location.
$29 per month
30 days
Invoicing, inventory management, payroll management
Editor's Take
Xero is a cloud-based accounting software designed to meet the needs of small to medium-sized businesses. Known for its intuitive interface and robust features, Xero simplifies financial management by providing tools for invoicing, payroll, bank reconciliation, expense tracking, and reporting.
The platform offers seamless integration with over 1,000 third-party apps, making it a versatile solution for businesses in various industries. Xero is particularly popular for its real-time collaboration features, allowing business owners, accountants, and bookkeepers to work together from anywhere.
Expert Score
In evaluating SaaS software, a comprehensive and structured methodology ensures a fair and accurate comparison across key metrics. This approach focuses on the most critical aspects that affect user experience, functionality, and business value. The following metrics—general features, cost, customer service, integrations, and mobile support—are evaluated to provide a holistic view of each software solution’s strengths and weaknesses. These metrics are selected based on their direct impact on software usability, scalability, and long-term effectiveness for businesses.
1. General Features - scoring weight 40%
This metric evaluates the core functionalities and tools the software offers. It involves assessing the comprehensiveness of the features, their relevance to the target users, and the ease of use. This is important because robust and well-designed features determine the software’s overall utility and efficiency in solving user problems.
2. Cost - scoring weight 15%
Cost analysis focuses on pricing models, value for money, and scalability. It’s crucial to evaluate whether the software’s features justify its price, considering different plans for small and large organizations. This is vital for businesses to ensure they invest in cost-effective solutions that fit their budget.
3. Customer Service - scoring weight 15%
This evaluates the responsiveness, quality, and availability of customer support, including channels like chat, email, or phone. Good customer service is essential for troubleshooting and ensuring smooth software usage, which reduces downtime and frustration for users.
4. Integrations - scoring weight 15%
This examines how well the software integrates with third-party tools (e.g., CRM, payment systems, collaboration apps). Seamless integrations are key for creating a unified workflow and enhancing productivity by connecting multiple systems, which is crucial for operational efficiency.
5. Mobile Support - scoring weight 15%
Mobile support assesses the software’s functionality and performance on mobile devices, including apps and mobile web versions. With increasing remote work and on-the-go usage, strong mobile support is critical to ensure users can access and utilize the software effectively, regardless of location.
Custom
No
Accounts payable, receivable, general ledger, cash management
Editor's Take
Sage Intacct is a cloud-based financial management software designed to help businesses streamline their accounting processes. Key features include accounts payable and receivable, general ledger, cash management, and advanced reporting with real-time financial insights. It also offers multi-entity and global consolidations, making it suitable for businesses operating across multiple locations. Pros include its strong integration capabilities with other business tools, scalability, and in-depth reporting features. However, the software may require a learning curve and customization for optimal use. Sage Intacct is ideal for growing small to mid-sized companies looking for robust, scalable financial management and automation solutions.
Expert Score
In evaluating SaaS software, a comprehensive and structured methodology ensures a fair and accurate comparison across key metrics. This approach focuses on the most critical aspects that affect user experience, functionality, and business value. The following metrics—general features, cost, customer service, integrations, and mobile support—are evaluated to provide a holistic view of each software solution’s strengths and weaknesses. These metrics are selected based on their direct impact on software usability, scalability, and long-term effectiveness for businesses.
1. General Features - scoring weight 40%
This metric evaluates the core functionalities and tools the software offers. It involves assessing the comprehensiveness of the features, their relevance to the target users, and the ease of use. This is important because robust and well-designed features determine the software’s overall utility and efficiency in solving user problems.
2. Cost - scoring weight 15%
Cost analysis focuses on pricing models, value for money, and scalability. It’s crucial to evaluate whether the software’s features justify its price, considering different plans for small and large organizations. This is vital for businesses to ensure they invest in cost-effective solutions that fit their budget.
3. Customer Service - scoring weight 15%
This evaluates the responsiveness, quality, and availability of customer support, including channels like chat, email, or phone. Good customer service is essential for troubleshooting and ensuring smooth software usage, which reduces downtime and frustration for users.
4. Integrations - scoring weight 15%
This examines how well the software integrates with third-party tools (e.g., CRM, payment systems, collaboration apps). Seamless integrations are key for creating a unified workflow and enhancing productivity by connecting multiple systems, which is crucial for operational efficiency.
5. Mobile Support - scoring weight 15%
Mobile support assesses the software’s functionality and performance on mobile devices, including apps and mobile web versions. With increasing remote work and on-the-go usage, strong mobile support is critical to ensure users can access and utilize the software effectively, regardless of location.
How much does Soldo cost
Soldo: Top Expense Management Software
4.5 / 5
There is no publicly available pricing information for Soldo software. Interested users are advised to contact the vendor directly for detailed pricing and plan options.
What are the pros of Soldo
- Real-time expense tracking for up-to-date financial oversight
- Multi-user access with configurable roles and spending permissions
- Integration with major accounting software like QuickBooks, Xero, and Sage
- Issuance of prepaid Mastercard cards for direct budget control
- Automated receipt capture and matching to reduce manual data entry
- Mobile app enabling expense management and receipt uploads on the move
What are the cons of Soldo
- Basic expense categorization unsuitable for complex organizational tracking
- Limited integration with third-party accounting software, reducing automation
- Mobile app lacks essential features compared to desktop version
- Multi-currency support without robust currency fluctuation handling
- Automatic reconciliation tools are minimal, increasing manual workload
What are the core features of Soldo
Soldo: Top Expense Management Software
4.5 / 5
Soldo offers a comprehensive suite of tools designed to optimize expense management and financial control for businesses. Its features enable streamlined reporting, enhanced security, and seamless integration, all aimed at improving operational efficiency and compliance.
- Ease of Creating Expense Reports: Automates data gathering and organizes expense details for quicker submission and review.
- Bank / Credit Card Integration: Connects effortlessly with various banks and credit card providers to automatically import and reconcile transactions.
- Smart Categorization: Uses intelligent algorithms to classify transactions, reducing manual input and increasing accuracy.
- Digital Receipt Management: Allows uploading and storing digital receipts linked to specific transactions for audit readiness.
- Receipt Capture (Mobile): Enables instant receipt capture via smartphone, supporting timely expense tracking.
- Business Tool Integration: Syncs with popular accounting and ERP systems to ensure smooth data exchange and minimize redundant entries.
- Workflow: Offers customizable approval and reporting workflows to align with company policies and boost efficiency.
- Policy Compliance Management: Empowers administrators to define and enforce spending rules to maintain control over expenses.
- User, Role, and Access Management: Provides detailed user permission controls, enabling role assignments and access restrictions based on organizational structure.
- Reporting: Features advanced reporting tools with customizable dashboards delivering insights on spending, budgets, and forecasts.
- APIs / Integration: Supports extensive third-party application integration through robust APIs to extend platform capabilities.
- Performance and Reliability: Built for enterprise demands with high uptime and rapid processing to support continuous operations.
- Mobile User Support: Enables full mobile functionality including card management, expense submission, and approvals for enhanced accessibility.
- Offline Functionality: Allows use of key mobile app features without internet connection, ensuring uninterrupted expense management.
- Approvals Setup: Configurable multi-level approval processes tailored to organizational needs for improved oversight.
- Multi-currency Support: Handles transactions and reporting in various currencies to support international business activities.
- Prepaid Company Cards: Issues prepaid cards linked to accounts, facilitating real-time spending control and monitoring.
- Budget Controls: Enables setting and tracking of budgets at multiple levels with alerts to prevent overspending.
- Real-time Spend Visibility: Provides instant access to spending data for administrators and managers to manage finances proactively.
- Transaction Tagging: Allows users to add tags or notes for better categorization and flexible reporting.
- Automated VAT Tracking: Automatically detects and tracks VAT on expenses, simplifying tax reporting.
- Customizable Expense Categories: Lets companies tailor expense categories to fit their accounting needs.
- Integration with Payroll Systems: Interfaces with payroll software to streamline employee reimbursements and financial reconciliation.
- Card Control Features: Enables instant activation, freezing, or cancellation of cards to enhance security.
- Spending Limits per Card: Sets adjustable spending limits on individual cards to manage risk.
- Multi-user Account Management: Supports multiple users with role-based access and shared oversight within a single organization.
- Integration with Accounting Packages: Exports data compatible with major accounting software for streamlined bookkeeping.
- Custom Reporting Exports: Generates and exports reports in various formats to meet different stakeholder requirements.
- Audit Trail: Maintains a secure, detailed record of all transactions and approvals for compliance purposes.
- Customer Support and Training Resources: Provides dedicated support and educational materials to help users maximize platform benefits.
Benefits of using Soldo
Soldo offers numerous advantages that make managing business expenses simpler and more efficient. This review highlights key benefits, helping potential users understand how the platform can optimize financial control, security, and operational ease across various business environments.
- Unified Expense Oversight: Soldo centralizes all employee spending, eliminating the hassle of juggling multiple expense reports and payment methods. This creates a streamlined process for finance teams to track and manage expenditures from one hub.
- Instantaneous Spend Visibility: Transactions on Soldo cards update in real time, granting immediate insight into company outlays. This transparency aids businesses in maintaining accurate, up-to-date financial records without delay.
- Flexible Prepaid Card Controls: Businesses can issue prepaid cards with tailored spending limits, securing budgets and preventing unauthorized expenses. This control mechanism reduces the risk of overspending and fraud.
- Support for Global Operations: With multi-currency capabilities free from hidden fees, Soldo suits companies operating internationally or managing remote teams, ensuring smooth cross-border transactions.
- Automated Receipt Management: The platform automatically collects and categorizes receipts and invoices, minimizing manual data entry and reducing errors in expense reporting workflows.
- Customizable Access and Compliance: Administrators assign specific user roles and enforce spending policies such as merchant restrictions and daily limits, ensuring compliance with company guidelines while enhancing security.
- Seamless Accounting Integration: Soldo connects with popular accounting software, enabling effortless synchronization of financial data and simplifying reconciliation processes for accounting teams.
- Mobile Convenience: The mobile app empowers employees to manage cards, capture receipts, and submit expenses anytime, anywhere, speeding up the expense process and boosting convenience.
- Comprehensive Analytics and Reporting: Detailed dashboards offer financial teams insights into spending trends, supporting informed budget planning and strategic decision-making.
- Enhanced Cash Flow and Fraud Protection: By controlling spending limits and tracking transactions closely, Soldo helps maintain better cash flow and reduces the risk of fraudulent activities through monitored prepaid cards.
Our expert take on Soldo
When managing business finances, I find that the strength of soldo business expense management lies in its seamless integration of prepaid company cards with a centralized dashboard. This setup allows me to maintain real-time control over spending, which is essential for enforcing budget limits across departments without getting bogged down in paperwork.
One feature I personally appreciate is how the platform automates expense reporting. Since cards are directly linked to the system, tracking each transaction becomes instantaneous, reducing the hassle of manual receipt collection and minimizing errors—a common pain point in many organizations.
Flexibility is another reason I consider soldo corporate prepaid card features valuable. Being able to set individual spending limits and categorize expenses gives me granular control, which helps in tailoring policies to different teams or projects without sacrificing operational speed or efficiency.
The interface also strikes a good balance between usability and function. While the onboarding process demands some initial effort to tailor controls precisely, the mobile app lets me manage expenses even when I’m away from the office, which is increasingly important for remote work setups.
Reporting tools are quite detailed, offering customization and the ability to export data to common accounting software. This transparency supports better financial forecasting and compliance, which I find crucial for maintaining audit readiness and accurate oversight.
Security measures built into the platform comfort me as well. With encryption and fraud detection in place, plus the option to instantly freeze or cancel cards via the dashboard, the risk of financial loss due to lost or compromised cards is significantly reduced.
One consideration, however, is the cost structure. For very small businesses or sole proprietors, the tiered pricing might not always be the most economical. Also, while the system handles multiple currencies, I’ve noticed that currency conversion fees and limits could impact international teams differently.
For those exploring similar options or broader business solutions, I recommend checking out this top 10 mlm software article, which offers insights into other software that might complement or serve different aspects of business management.
What business types use Soldo
Companies from diverse sectors leverage Soldo for streamlined expense oversight, aligning with its reputation as one of the best business expense management software options. Below is a breakdown of primary users and their key use cases:
- Small and Medium-sized Enterprises (SMEs): Utilize prepaid company cards to set spending caps and gain real-time expense insights, minimizing administrative work while maintaining budget discipline.
- Startups: Benefit from instant issuance of virtual and physical cards, enabling agile control over team and project expenditures despite lean financial teams and evolving processes.
- Marketing Agencies: Assign separate cards for campaigns or departments, simplifying expense categorization and reconciliation. Agencies also exploit detailed reporting to optimize budget allocation across marketing activities. For further insights into marketing-related financial tools, see the marketing software list.
- Professional Services Firms: Consultancies and law firms rely on Soldo to meticulously track client-related costs such as travel and entertainment, ensuring transparency and accuracy in billing and compliance.
- Nonprofit Organizations: Use spending limits and detailed reports to uphold accountability to donors and regulators, easing audit preparation and compliance demonstration.
- Retail Chains: Empower individual store managers with prepaid cards for operational expenses, while maintaining centralized control, enabling tighter oversight across multiple locations.
- Technology Companies: Manage multi-currency, cross-border expenses effectively with real-time tracking, crucial for global teams and financial clarity across geographies.
- Construction Firms: Issue prepaid cards to project managers for on-site purchases, reducing cash handling and enhancing expense documentation for materials and subcontractors.
- Educational Institutions: Allocate departmental budgets and student-related expenses through prepaid cards, streamlining budget control and lessening reimbursement workloads.
Each industry’s usage underscores the platform’s adaptability in addressing specific financial visibility and control needs. The variety of sectors adopting Soldo illustrates its versatility as a solution for companies seeking which companies use Soldo platform tailored to their operational models.
Best 3 alternatives to Soldo
Sage Intacct
4.7 / 5
Sage Intacct is a cloud-based financial management platform that empowers businesses with real-time access to vital financial data, allowing teams to operate remotely without losing any system capabilities. Its customizable dashboards deliver immediate financial insights, enabling leaders to make well-informed decisions quickly and confidently. The software is especially beneficial for organizations with complex or international operations, as it supports multi-entity consolidations and multiple currencies with ease. Additionally, Sage Intacct automates key accounting tasks and integrates smoothly with other business tools, enhancing efficiency while ensuring data accuracy and robust security.
Tradogram
4.5 / 5
Tradogram is a comprehensive procurement management platform designed to simplify and enhance purchasing workflows for businesses of all sizes. Its intuitive interface requires minimal training, enabling teams to quickly adapt and focus on their core responsibilities instead of navigating complicated software. The platform stands out for its high degree of customization, allowing companies to tailor features, user permissions, and approval processes to align perfectly with their unique operational needs. Moreover, Tradogram provides powerful reporting tools that offer deep insights into spending patterns, helping organizations make smarter, data-driven decisions while seamlessly integrating with existing ERP and accounting systems to streamline operations and minimize errors.
Ramp
4.8 / 5
Ramp is an all-encompassing spend management platform designed to streamline various financial operations within a single system, including payments, card issuance, vendor management, procurement workflows, travel booking, and automated bookkeeping. By consolidating these functions, it can effectively replace multiple disparate financial tools, with some businesses eliminating up to four different systems. Users benefit from significant time savings, such as reducing month-end closing hours and accelerating accounts payable processes. Furthermore, Ramp offers strong control features like automated policy enforcement, real-time alerts, and seamless integration with accounting software, supporting global payments in over 40 currencies across 195 countries.
Frequently Asked Questions about Soldo
Soldo connects seamlessly with popular accounting software, automating expense reconciliation and easing the bookkeeping workload for businesses.
The platform issues prepaid Mastercard cards to employees and provides virtual cards for online purchases, enabling companies to regulate spending across diverse payment types.
Yes, Soldo operates as a cloud-based service accessible through web browsers and offers mobile applications for both iOS and Android, allowing users to manage and approve expenses remotely.
Indeed, the software delivers immediate tracking and reporting of expenditures, empowering managers to oversee spending as it occurs and enforce budgets promptly.
Soldo utilizes industry-standard protections such as data encryption, secure authentication methods, and defined user permissions to prevent unauthorized access and maintain data integrity.
The platform supports a variety of currencies, making it an effective solution for companies with global operations or employees who frequently travel internationally.
Soldo enables the setting of spending limits and budgets at the individual card or team level, assisting businesses in controlling and forecasting their expenses with precision.
Users can access assistance via email and phone, ensuring help is available for technical difficulties and guidance on using the platform.
Businesses must register online and complete necessary verification steps; once approved, they can issue cards and begin managing expenses through the system.
Soldo is designed to scale, accommodating organizations of various sizes, including those with extensive workforces and complex spending demands.
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