Soldo

Card Spending Tracker

Soldo’s Card Spending Tracker offers real-time insights into transactions made using company-issued prepaid cards. It categorizes spending by user, team, or project, ensuring transparency and accountability. This feature empowers finance teams to monitor expenditures, identify unusual activity, and maintain full control over organizational spending through an intuitive, centralized dashboard.

Expense Approval

Soldo’s Expense Approval feature enables organizations to establish customized workflows for reviewing and approving employee spending. It ensures that submitted expenses align with company policies before being processed. This feature enhances compliance, reduces fraud risk, and streamlines the approval process by allowing managers to validate or reject claims efficiently.

Mileage Tracking

Mileage Tracking in Soldo allows users to log business travel distance for accurate reimbursement. Whether entered manually or automatically via mobile tracking, mileage data is recorded alongside supporting trip details. This feature ensures fair reimbursement, simplifies compliance with tax rules, and reduces errors in travel-related expense claims.

Multiple Reporting Currency

Soldo’s Multiple Reporting Currency feature supports international business operations by enabling expenses to be recorded, converted, and reported in various currencies. Exchange rates are automatically applied, ensuring accurate tracking. This feature helps multinational organizations simplify reporting, manage cross-border teams, and maintain consistency across geographically diverse financial records.

Receipt Management

Soldo’s Receipt Management feature allows users to upload, store, and match digital receipts with card transactions. It simplifies recordkeeping and ensures that every expense is properly documented. This feature improves audit readiness, eliminates paper trails, and provides finance teams with clear and accessible proof of spending across the organization.

Receipt Scanner

The Receipt Scanner in Soldo uses Optical Character Recognition (OCR) to extract key data from physical or digital receipts. It auto-fills transaction details like vendor, date, and amount. This feature saves time, enhances accuracy, and makes it easier for employees to submit expenses and comply with company policies.

Reconciliation Summary

Soldo’s Reconciliation Summary feature compiles a detailed overview of card transactions, matched receipts, approvals, and payment status. It simplifies month-end close processes by presenting a complete and accurate picture of expenses. This feature enhances financial transparency, accelerates reconciliations, and reduces the effort needed to verify organizational spending.

Reimbursement Management

Soldo’s Reimbursement Management feature handles employee expenses paid out-of-pocket by tracking submissions, approvals, and reimbursements in one system. It supports fast and compliant payouts while giving finance teams visibility into non-card spending. This feature ensures fairness and simplifies the management of incidental business expenses across teams.

Spend Control

Spend Control in Soldo enables organizations to set predefined spending rules, budgets, and limits for users or teams. It prevents unauthorized purchases and ensures policy compliance in real time. This feature empowers finance leaders to enforce financial discipline, reduce waste, and manage business spending with confidence and control.

Third-party Integration

Soldo offers Third-party Integration with popular accounting platforms like Xero, QuickBooks, and NetSuite. It automates the synchronization of transaction data, expense reports, and approvals. This feature eliminates manual data entry, improves accuracy, and creates seamless workflows between expense management and financial systems for streamlined bookkeeping and reporting.

Time & Expense Tracking

Soldo’s Time & Expense Tracking feature allows businesses to monitor both time-related activities and associated costs within a single platform. Employees can log billable hours and link them with expenses. This feature supports better cost allocation, client billing, and project profitability analysis, especially for service-oriented teams and agencies.