Replace petty cash
A petty cash alternative for progressive businesses
Fund the everyday transactions that keep your business moving without manual recordkeeping or none of the risks of handling cash.
Fund the everyday transactions that keep your business moving without manual recordkeeping or none of the risks of handling cash.
Petty cash may keep your business running by covering small, everyday expenses, but it comes with some risk and can drain your finance team’s time. To maintain control over petty cash and all your decentralised spending – the expenses that fall outside central procurement – your finance team loses valuable time chasing receipts and manually reconciling transactions.
Petty cash not only creates more spend admin, but an accountability challenge. It’s difficult to track who spends what, and out-of-policy purchases can slip through the cracks. Businesses use Soldo as an alternative to petty cash. It’s a smart way to proactively manage spending while saving time on admin and encouraging more responsible, company-wide spending.
Chasing paper receipts hurts your finance team’s productivity. Soldo company cards can automatically capture and categorise every transaction. And with seamless accounting integrations, you can keep using your favourite accounting systems – making end-of-month reports effortless and accurate.
Your employees are less likely to overspend when they know exactly where company funds are going. That’s why Soldo’s mobile app gives your team an up-to-date view of their budget, helping everyone make smarter decisions in the moment.
Fixing budget overruns or out-of-policy spending at month-end is tough. Soldo lets you step in or reallocate funds in real-time, avoiding missed opportunities, cash flow problems, and operational inefficiencies.
When Ben Davis became Head of Finance at UNIT, he saw how petty cash slowed the creative studio down. Production runners needed to purchase coffee, drinks, and lunches.
With Soldo, UNIT replaced petty cash, and finance finally gained full control of its decentralised spending.
See Soldo in action. Talk us through the complexities in your expense management process and we’ll show you how Soldo can help.
