Soldo Reviews

Flexibility that empowers employees to manage expenses while ensuring the finance team has a real-time, overall view of spend. The app makes it very easy to track your spending, and the integration with Xero also makes reconciliation simple.

Using Apple / Google pay on multiple devices for a shared card

Cost control and the ability for employees to make business purchases easily

The interface is very clear and the funds reach the wallets very quickly compared to other solutions that sit on the funds for hours. Our account manager is very quick to respond to queries and the the tech team has taken on board some of our ideas, especially to make it easier to down load reports or just grab the data that's on your screen.

The issuing of new cards hasn't been handled very well in the past with cards going to the wrong destination. I'm not happy that we get charged to reissue an expired physical card as that's not our doing.

It is providing a petty cash solution for us. Also we use it as a way to deliver client money. We have about 1,000 customers who are unable to manage their own finances and we hold their money on their behalf. Through Soldo we can have their cash with them in a matter of minutes.

The platform is very user-friendly, with a variety of payment solutions that meet different needs (physical and virtual cards, expense reimbursement, recurring subscription management, etc.). The ability to customize users, cards, and wallets gives us immense flexibility. Support is fast and efficient.

Virtual cards are not accepted on all technology platforms because they are identified as prepaid cards. In other competing solutions (like Cledara, i.e), the cards are always accepted, even though they are likewise not credit cards.

The possibility of using the wallets to create spending budgets for different functional areas and being able to manage them with individualized ceilings and use this customization to better classify expenses into their respective cost centers.

The web platform is easy to use and the customer service is excellent

The mobile app is not very easy to use for super admins to switch between the user role and super admin role.

Soldo helps us to manage and review the spending of multiple departments with ease. It integrates with Xero which saves us time on reconciliations.

I really appreciate Soldo for replacing our monthly cash disbursements with Soldo Cards, which saves a lot of time that we used to spend getting cash from the bank and distributing it to the houses. The bulk Transfer functionality is a game changer since it allows us to allocate funds to the cards in just a few minutes, and it also provides a clear trail of where the money is being spent. The transaction level detail is impressive, helping us ensure that spending occurs within the locality of the houses on appropriate items. The ease of transfers to the cards has significantly improved our workflow. Setting up Soldo was easy, and I got great help from Alan, who was very patient and helpful. I rate the system a 10 out of 10 for its effectiveness.

The households can't see what money has been transferred into the wallet, so they sometimes ask how much has been transferred to them. Maybe that could be improved.

Soldo saves us time by replacing cash disbursements with cards and bulk transfers. It provides a clear spending trail and helps ensure funds are used appropriately in the right locations.

I like that Soldo is so easy to use, making it quick to train employees and simple to pull off the reports I need. The ability to upload receipts easily either from files or by taking a photo is ideal for our users, especially since they have the app on their phones for use during business travel. Changing to Soldo from GPC cards was a no-brainer due to the ease of reconciling expenses.

Because it is easy to use, it does have limitations as to what you can do with it. For example, we have to get approvals for additional top-ups outside of the system. It would be great if you could set up the business workflow so it could alert the budget holder to ask for permission to top up funds. There is an auto alert feature for missing details, but when we used this it would send alerts for £0 transactions which was frustrating. I also don't think it could pick up if there was a note missing which is now a requirement in our organization. We couldn't get an integration, so it is a manual process for us to extract the data and put it in our finance system.

Soldo lets me distribute funds to cardholders and analyze business spend efficiently. It's quick to train employees, easy to pull reports, and simplifies receipt uploads during travel, making it ideal for our users.

I like how Soldo simplifies and controls spending by allowing me to see everything in real time. Instead of chasing receipts or waiting for reimbursement, it's all properly tracked and organized for Finance. My favorite feature is issuing cards to employees while being able to set limits and view the list of transactions, which means no surprises at month end and no overspending. It removes manual work and makes expense management simple and transparent. Additionally, Soldo allows Finance to pre-approve spending by controlling access to funds, preventing bad spending and reducing policy violations. It offers real-time visibility of cash flow and helps in faster month-end closing, allowing unusual spends to be spotted instantly. Also, the initial setup was very easy, requiring just an email address, phone number, and roles to be assigned.

Occasional reports of card being declined or getting blocked. Making the system more proactive - preventing declines before they happen.

Soldo tracks expenses in real time, simplifies accounting, and controls spending without chasing receipts. It helps pre-approve spending, preventing bad expenses and policy violations. Cards with limits ensure budget control, real-time cash flow visibility, faster month-end closing, and simple, transparent expense management.

Expense Management Automation: Soldo simplifies the process of tracking and managing expenses by automating tasks that are typically manual. This reduces administrative overhead and makes financial management more efficient.

Prepaid Cards with Controlled Spending: The ability to issue prepaid company cards with customizable spending limits and restrictions allows businesses to control budgets effectively. This feature ensures that employees have access to funds while maintaining oversight.

Seperate license and cost for Admin seems to be little expensive. Good to have verification with Government ID's but can consider proof outside UK too

Its been used wisely today in our company to manage Employee Credit Cards and we are able to track End to End spend tracking

In our current process we have to see how to capture Expense details for all our Employees and by integrating the Soldo it has eased our work to minimal.