Budgetly

Budgetly is an expense management platform designed to provide a new way for Australian SMEs (Small and Medium-sized Enterprises) to manage and control their business expenses. According to the vendor, the platform offers a comprehensive set of features including employee cards with spending rules, real-time expense tracking, budget management, and integration with accounting software like Xero. The product is aimed at finance departments, CFOs (Chief Financial Officers), accounting professionals, business owners, and administrative professionals across various industries.

Key Features

Expense Platform: According to the vendor, Budgetly provides an expense platform that streamlines the expense management process, aiming to eliminate the need for manual expense reports and tedious tasks. It offers real-time tracking of expenses and integration with accounting software like Xero.

Employee Cards with Spending Rules: The vendor claims that Budgetly enables the issuance of individual employee cards with spending rules, providing greater flexibility and autonomy for making purchases. Spending rules can be set to ensure teams stay within project budgets or employee entitlement limits.

Real-Time Expense Tracking: Budgetly tracks expenses in real-time, according to the vendor, providing a clear view of budget spend status and helping to plan and adapt as needed. It aims to offer transparency and visibility into spending across individuals, teams, and departments.

Mobile Receipt Capturing: According to the vendor, Budgetly allows for instant capture of receipts on mobile devices, aiming to eliminate the hassle of manually processing reimbursements and storing paper receipts. Receipts can be captured and attached to transactions in real-time, ensuring accurate record-keeping.

Sync with Accounting Software: Budgetly integrates with accounting software like Xero, according to the vendor, for seamless synchronization of expenses. This integration aims to eliminate the need for manual data entry, saving time and reducing errors. It provides a complete view of financial data.

Flexible Spending within Budget: The vendor claims that Budgetly allows for flexible spending within allocated budgets. Employees can request funds at any time from their mobile devices, and budget owners can make funds available instantly. Spending rules and vendor restrictions aim to ensure control over budget spending.

Virtual and Physical Visa Cards: Budgetly offers the issuance of both virtual and physical Visa cards, according to the vendor. Virtual cards can be instantly issued and used for online purchases or subscriptions, while physical cards provide convenience for in-person purchases or ATM withdrawals.

Budget and Spending Controls: According to the vendor, Budgetly provides tools for setting and managing budgets and spending controls. Budgets can be set for individuals, teams, or departments, allowing for better budget allocation and control. Spending rules can be coded directly into the cards, ensuring compliance with company policies.

Multi-Currency and FX: Budgetly supports multi-currency transactions and offers foreign exchange (FX) capabilities, according to the vendor. It aims to allow for seamless transactions in different currencies, eliminating the need for manual currency conversions. FX rates are applied automatically, ensuring accurate accounting and budget tracking.