Nine finance challenges solved by a Progressive Finance mindset

From tackling productivity issues to improving agility, finance leaders face complex and evolving challenges. Discover how a Progressive Finance mindset solves your top concerns, allowing you to empower colleagues without compromising control.

1
Challenge

65% of UK finance leaders and teams frequently need

to react to changing situations and circumstances

SOLUTION

Boost business agility with proactive spend controls

Soldo’s proactive spending controls provide clear parameters and visibility of spend as it happens, enabling all function teams to make informed decisions at pace and improving overall business agility.

2
Challenge

28% of UK finance leaders want

to improve forecasting accuracy

SOLUTION

Anticipate future spend with uncanny precision

Soldo’s fully customisable platform can mirror your organisation’s unique structure and marry it with up-to-the-minute spending data to provide a meticulous forecast of your business requirements.

3
Challenge

45% of UK finance leaders frequently experience issues
at month end (e.g. surprises and overspends)

SOLUTION

Automate month-ends to focus on strategic growth



Soldo combines permissioned spending and pre-programmed payment cards with automated receipt capture and direct integrations into your financial ecosystem. This allows decentralised spending data to flow without intervention, reducing errors and month-end admin. That’s time you can repurpose for helping grow the business.

4
Challenge

50% of UK finance leaders say their processes
create friction with other teams

SOLUTION

Let teams spend their budget without fear of overspend

Soldo helps remove friction between cross-functional teams by putting everyone on the same financial page, speeding up decision-making. Relieve colleagues’ anxiety around overspending with pre-approved budgets and visibility of spend as it happens.

5
Challenge

39% of UK finance teams
want to enhance productivity

SOLUTION

Automate decentralised spend to boost productivity

Soldo’s end-to-end digital platform brings order, efficiency and agility to decentralised spend management, significantly reducing the time teams spend on managing this expenditure. Swap retrospective, reactive expense reconciliation for proactive, pre-programmed spending controls and boost productivity 
across the whole business.

6
Challenge

25% of UK finance leaders want
to spend budgets more efficiently

SOLUTION

Give spending power to those best placed to make decisions

Soldo’s single source of truth on decentralised spending and convenient payment methods empower more efficient spending. Free up team members to make spending decisions without complex approval processes and empower budget-holders to continually allocate and reallocate funds in real-time.

7
Challenge

25% of UK finance teams want
to simplify payment methods

SOLUTION

Replace expense reconciliations with pre-programmed cards 

Managing petty cash, expense reconciliation and multiple credit card vendors is complex, time-consuming and inefficient. There is a simpler way. Soldo’s pre-approved budgets and cards replace out-of-pocket expenses and petty cash. Automated processes enable seamless communications between employees and finance teams, through one simple interface.

8
Challenge

21% of UK finance leaders want to
better understand spend patterns

SOLUTION

Identify business spend patterns as they happen

Soldo’s single source of decentralised spending truth combines historical and live spend data as it happens. Identify spend patterns as they develop, helping you manage budgets and reallocate resources before cashflow is impacted.

9
Challenge

27% of UK finance teams want
to improve budget ownership

SOLUTION

Grant budget owners freedom to spend with proactive controls

Soldo runs on the operating principle of pre-programmed, permissioned spending. So, you can proactively delegate 
spending autonomy to teams, safe in the knowledge there will be no unpleasant, unexpected overspends. Liberate finance teams to focus on strategic tasks and allow function teams to accomplish more.

Empower the whole company to spend safely and responsibly

Soldo can help enable this Progressive Finance mindset.

*Source: research carried out by Statista in 2024 on behalf of Soldo involving an online survey of 300 finance function leaders in mid-sized to large companies in the UK and Italy.