Name: Soldo
Author: Soldo

Help Desk

Web and Video Conferencing

Customer Support

Batch Management Software

Development

Board Management

Business Intelligence (BI)

Collaboration

Facility Management

Operational Analytics

Privacy Policy Generators

Enterprise

Accounting

Nonprofit Accounting

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Recognition

Employee Scheduling

HR Management

Payroll

Stock Option Plan Administration

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

AI Governance

Archiving

Build Automation

Cloud Cost Management

Cloud Storage

Data Collaboration

Data Mapping

Density-Optimized Servers

Email Encryption

Fraud Detection

IT Service Providers

Integration Platform as a Service (iPaaS)

Internet Performance Monitoring

Mainframe Monitoring

Managed DNS

Network Performance Monitoring

Network Simulation

Platform-as-a-Service (PaaS)

Robotic Process Automation (RPA)

Telecom Expense Management (TEM)

Web Scraping

Workload Automation

Zero Trust Security Solutions

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Blogging

Content Management

Email Marketing

Employee Advocacy

Local Marketing

Marketing Automation

Mobile Analytics

Screen and Video Capture

Search Engine Marketing (SEM)

Social Media Management

Survey & Forms Building

Web Analytics

Website Builder

Marketing

Job Site Management

Project Management

Professional Services

Customer Relationship Management (CRM)

Revenue Operations

Sales Engagement

Social Commerce

Sales

File Integrity Monitoring

Security

Camp Management

Chargeback Management

Dental

ID Card

Laboratory Information Management

Nonprofit CRM

Vertical-Specific

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### Card Management
Users generally appreciate Soldo's efficient card management capabilities. They find it easy to add users, allocate funds instantly, and monitor spending effectively. The ability to create multiple cards, manage balances, and control cash flow with prepaid cards is highly valued. However, some users have encountered issues with certain websites not accepting the cards, possibly due to the card type. Despite this, the overall consensus leans towards Soldo's card management being a valuable asset for businesses looking to streamline their financial operations.

### Payment Processing
User feedback on Soldo's payment processing capabilities is quite diverse. While some users appreciate the ease of paying for company expenses without using personal funds, others have encountered limitations with payment methods like Apple Pay. There are mentions of occasional payment declines without clear reasons, as well as suggestions for improvements such as wider acceptance at pay-at-pump fuel stations. Despite these mixed reviews, many users find Soldo's payment processing feature helpful for managing team purchases and controlling expenses efficiently.

### Cash Flow Management
User consensus seems to lean positively towards Soldo's cash management features. Customers appreciate the ease of controlling and monitoring funds, as well as the ability to set limits and manage balances effectively. The platform's cash flow management functionality has been praised for streamlining processes, reducing administrative burden, and providing a secure and efficient way to handle company expenses. Despite some minor drawbacks such as limitations on fund withdrawals, overall feedback indicates that Soldo's cash flow management capabilities are well-received by users.

### Expense Management
Users consistently highlight Soldo's expense management as a key feature that simplifies tracking and controlling company expenditures. The ability to easily monitor expenses, set budgets, and streamline the reimbursement process has garnered positive feedback from users. Soldo's expense management tools have proven to be effective in enhancing transparency and accountability within businesses, making it a valuable asset for organizations seeking efficient financial control.

### Receipt Tracking
Users consistently highlight Soldo's receipt tracking feature as a valuable asset, emphasizing its ease of use and efficiency in managing expenses. The platform's ability to streamline the process of uploading receipts and tracking expenditure has garnered positive feedback from users across various industries. While some minor issues such as occasional logouts and interface usability have been mentioned, the overall sentiment towards Soldo's receipt tracking functionality remains largely positive.

### Employee Spending
Users consistently applaud Soldo's employee spending functionalities for their efficiency in capturing receipts, enabling better tracking of expenses, and facilitating quick fund transfers. The platform's ability to empower staff in managing their spending, setting payment limits, and maintaining detailed records has significantly improved financial processes within organizations. Additionally, the integration with Xero has simplified reconciliation tasks and enhanced overall financial management practices.

### Financial Reporting
Users consistently highlight Soldo's financial reporting as a standout feature, praising its ease of use, clarity, and ability to streamline expense tracking. The platform's reporting functionality is commended for its transparency, convenience, and efficiency in generating detailed statements and transaction views. While some users express minor concerns about the complexity of statements and the need for improved report downloading options, overall, Soldo's financial reporting capabilities are well-received for empowering users to manage expenses effectively and enhance accountability within their organizations.

### Budget Control
Users unanimously praise Soldo's budget control features. They appreciate the ease of setting budgets for different teams and departments, allowing for efficient monitoring of expenses throughout the month. The ability to distribute funds quickly and control spending remotely has been a game-changer for many users. Soldo's interface simplifies the process of tracking expenditure, enabling managers to maintain control over their budgets while ensuring centralized oversight. Additionally, the platform's capability to load money onto Soldo cards promptly has been highlighted as a significant advantage, streamlining expense management and saving time for both employees and accountants.

### Transaction Monitoring
User consensus seems to be that Soldo's transaction monitoring capabilities are highly praised. Customers appreciate the ease of tracking spending, monitoring transactions, and setting budgets for different teams or departments. The ability to view detailed breakdowns of transactions, manage balances, and quickly add new cards is also well-received. Some users have highlighted the convenience of real-time transactions and the integration with accounting software like Xero. However, there are some suggestions for improvement, such as enhancing the platform's user interface for classifying transactions and expanding the acceptance of Soldo cards by more companies. Despite minor drawbacks, the overall sentiment towards Soldo's transaction monitoring features remains positive.

### Integration Solutions
User feedback consistently highlights Soldo's strong integration with Xero as a key selling point, with many users praising its ability to import account code lists and export transactions efficiently. While some users have noted minor issues with the integration, the overall sentiment leans towards Soldo's integration solutions being reliable and effective in streamlining accounting processes. The platform's integration capabilities with Xero seem to be a significant factor in users' positive experiences and efficient financial management.

### Customer Support
User sentiment regarding Soldo's customer support is generally positive, with many reviewers highlighting the quick response times and helpfulness of the support team. Some users appreciate the ease of communication and the willingness of the customer service representatives to go the extra mile to assist with any issues. However, a few reviewers have mentioned occasional challenges in reaching customer service due to high call volumes, suggesting that additional staff may be beneficial to improve accessibility. Despite some minor issues, the majority of users seem satisfied with the level of support provided by Soldo.

### Administrative Tools
User feedback on Soldo's administrative tools is generally positive, with many highlighting the ease of use and time-saving features. The platform's ability to streamline administrative tasks, such as managing card limits, adding funds, and generating reports, has been well-received by users. However, some reviewers have noted minor drawbacks, such as the need for further development in certain areas like integration with Xero and the user interface. Despite these minor criticisms, Soldo's administrative tools are seen as a valuable asset in simplifying expense management and enhancing financial control within organizations.

### Security and Compliance
Users generally appreciate Soldo's security measures and risk management capabilities. While some users find the security PIN requirement for contactless payments to be a minor inconvenience, overall, the platform's security features are seen as robust and reliable. The ability to instantly stop a card in case of security concerns is highlighted as a valuable security measure that provides users with peace of mind. Additionally, the platform's compliance functionalities are praised for streamlining processes and reducing the risk of fraud, especially in comparison to traditional cash handling methods. Despite some minor issues with card deactivation for security reasons, users acknowledge the overall effectiveness of Soldo's security and compliance protocols.

Users have made several recommendations based on their experiences with Soldo. 

First, users highly recommend implementing Soldo correctly and involving users in the process. This includes taking the time to set up Soldo correctly and incorporating it into onboarding processes for departmental budget holders. Users suggest involving all staff members in the implementation process and creating an expenses policy that supports Soldo's use.

Second, users find that Soldo streamlines admin tasks and improves efficiency. They appreciate features like easy receipt uploads, quick fund transfers, integration with Xero, and control over budgets and spending. By using Soldo, users can reduce the administrative burden of managing company expenses.

Third, Soldo is praised for its ability to enhance control over spending. Users recommend setting up different Wallets for different sites to make administration and accounting easier. They also advise correctly setting up limits and restrictions in Soldo to prevent misuse of company funds. By using Soldo, businesses can have better control over staff spending and reduce the possibility of financial mishaps.

It's worth noting that some users mentioned minor improvements such as customizing the Dashboard or providing formal training instead of relying solely on trial and error. Overall, the majority of feedback suggests that Soldo is an effective tool for managing company expenses, improving efficiency, and enhancing control over spending.

Soldo is a useful solution for businesses that need to manage expenses and payments efficiently, while maintaining control over spending and accountability. Users have reported that the software is particularly helpful in preventing the misuse of company funds, by allowing separate cards for different users, as well as creating limits and rules around expenditures. 

Soldo's app provides an easy way to track expenses and upload receipts, streamlining the process of collecting supporting documentation from users and simplifying bank reconciliations. The ability to issue prepaid cards to particular departments or team members makes it easy to manage several company cards across multiple stakeholders. Soldo eliminates the need for petty cash and easily keeps track of expenses even if receipts are lost. Additionally, users appreciate the ability to block certain expenditures on the card and delete or issue a card as staff move on from the business – providing ease of use for recurrent expenses and making administration simple. Overall, Soldo offers a great deal of flexibility, empowering staff members with individual cards while granting managers control over funding, budgets, and expenditure rules.

Ease of use: Users find Soldo to be an easy-to-use cloud-based system that is user-friendly, with a clear interface and online chat for customer services. Some reviewers appreciated the new Soldo app's smoother transition and intuitive user interface that makes it easy to complete tasks quickly. The flexibility of the account and the possibility to create multiple cards and automatically topping up cards are also very easy to arrange and save time.

Integration with Xero: Users appreciate the integration with accounting software like Quickbooks, Transferwise, and especially Xero. Many users found it highly appreciated that they could import account code lists into the Soldo app and export transactions for fast monthly bookkeeping. The automatic registering of payments along with this integration is a significant advantage. 

Expense Management: According to several reviewers, controlling individual spending, pre-authorizing purchases, setting monthly target spend caps, allocating financial responsibility within teams as well as central control helps streamline expense management effectively. This feature provides excellent control over expenses policies while still allowing freedom to all staff using the system to make purchases within budget limits. Additionally, many users appreciate the ability to produce reports quickly and easily which helps cost management and identifying problems at sites.

Limited Card Acceptance: Some users have experienced issues with their Soldo cards not being accepted on certain websites, possibly due to the type of card created (debit or credit). Others have had instances where their cards were deactivated when attempting to make purchases from an EPOS. There are also reports of contactless payment failing and needing a PIN to be entered.

Confusing User Interface: Several users have reported issues with the user interface, including that it can be confusing and clunky. One user stated that the app needs more work and that it takes too long to update. Additionally, some users find it difficult to get to nominal codes when coding a transaction. The portal is also described as initially hard to navigate.

Expensive Subscription Model: The new subscription model where payment is per user is less suitable for organizations with many active volunteers who only make a few payments per year. Furthermore, several users have expressed that the software can be expensive, with some stating that the limits set on cards can be restrictive.

Soldo, headquartered in the UK, offers  spend management solutions for large and small business, and non-profits, enabling users to control spend with company issued cards, employee mobile app, and manage and track spending, then automate accounting.

Brex headquartered in San Francisco offers a corporate card for expenses, ecommerce, as well as rewards card, and travel expense management.

Essentials

Premium

Rippling’s platform for HR, IT, payroll, and spend management automates the entire employee lifecycle, ensures compliance, supports device management, and provides real-time financial visibility from a central dashboard.

Rippling

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Spend Management

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What is Soldo?