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5 expense management platforms to optimize your business finances
By Gloria Methri
Today
- Account management
- Bill payment automation
- Business expense management
Spend management software is a suite of tools designed to help businesses efficiently manage employee expenses. It encompasses a range of SaaS products that allow companies to track employee expenses, oversee vendor transactions, and automate various accounting tasks, simplifying the process of closing accounts and setting accurate budgets.
These tools can vary widely, from simple receipt scanning tools to credit facilities linked to accounting software. For growing businesses, it is crucial to find a software solution that is easy to use, easy to implement, and cost-effective.
Here are 5 expense management platforms that help companies manage their expenses in Europe:
Expensya is a web and mobile application that helps businesses manage their expenses and automate processes. It is an innovative expense management solution that empowers CFOs and promotes autonomous and responsible professionals. Specialist in new generation solutions for mid-market, the platform helps automate and handle company expenses from end to end: budget definition, validation, payment and accounting integration.
Mooncard is French software specialized in managing expense reports and corporate purchases. By automating the management of expense reports, Mooncard simplifies employees’ daily lives thanks to a payment card associated with accounting management software. It offers a platform, cards and mobile application to optimize the efficiency of the operational team and, at the same time, give control to the financial teams.
Moss is a spend management platform that offers corporate cards, expense tracking, invoice management, and accounting integration to help small and medium businesses save time. Its platform provides a single dashboard that enables finance teams to make informed business decisions based on a transparent overview of company funds. The company launched in 2020 as Germany’s first real corporate credit card for startups and has since expanded to the Netherlands and the UK.
Soldo is a spend management platform that helps businesses track and control their spending. With its expense management platform, companies can automate their financial processes, from decision to spend to reconciliation, with card payments, expense management, approvals and accounting integrations. The Soldo platform is associated with prepaid cards, and this combination gives companies full control over their finances.
Spendesk is a comprehensive spend management solution with several intuitive and useful features. With Spendesk, businesses can automate recurring expenses and automatically combine invoices with expense reports, saving a lot of time. Spendesk allows companies to customize debit cards for individual employees and spending categories and offers disposable virtual credit cards for online purchases. Spendesk also offers payment validation at the same time via push notifications, as well as an overview of expenses at a given point in time.
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