On 19th April, we are making changes to the way Soldo works.
Read more to familiarise yourself with each optimisation and its associated benefits ahead of time
Soldo is evolving, becoming a better fit for the way you do business. Read on to learn more about product changes to Company Cards. These upgrades are designed to improve your experience of using Soldo to manage your company’s business spending, and to offer even more flexibility in doing so.
To better recognise that company spending is more than just employee spending, we are introducing Company Cards. This means that users of your account will be able to share the same company card to cover for expenses, such as office or marketing spending, rather than charge them under one employee’s card.
You will find company cards in a completely new section called Cards. This new addition helps empower employees to spend company money for their department and team. Company cards enable different team members to share and use the same card to cover joint expenses. For instance, you can have a company card for marketing spending (such as digital ad payments), and another for IT procurement expenses (such as software subscriptions).
As a result, payment and management process will be simpler. Employees won’t need to chase a card holder or the finance team to make payments. Admins won’t have to wade through the spending activity on individual cards to figure out which costs belong to which department.
You can also tie multiple cards to a shared wallet – meaning there’s no need to split funds among different wallets – and free up funds to be used elsewhere.
One more thing: if you configured Expense Centres in your Premium account, then you can find here more information about the changes applied to them.
In the new version of Soldo, we have unified the management of Cards and their configuration – which were previously divided into two different screens (‘Manage’ and ‘Configure’).
Administrators will be able to create new cards from the same list. If they have the right permissions, a ‘Create card’ button will be available in the list of Cards, and it will start the creation.
What do I need to do?
For now, you don’t need to do anything. Any existing cards previously linked to Expense Centres will become Company Cards, but we’ll take care of that for you.
We look forward to releasing these improvements on the 19th April. In the meantime, we invite you to discover more about the latest changes by exploring this blog and the articles describing each feature in detail.
If you have a burning question or need help, don’t hesitate – to send an email to [email protected] and our team will get back to you in a wink.
The Soldo Product Team