5 Spend Management Platforms to optimize your business finances

By Gloria Methri

Spend management software is a set of tools designed to help businesses efficiently manage employee expenses. It covers a range of SaaS products that enable companies to track employee expenditures, oversee vendor transactions, and automate various accounting tasks, simplifying the process of closing the books and setting precise budgets.

These tools can vary widely, from simple receipt scanning tools to credit facilities linked to accounting software. For growing businesses, it is crucial to find a software solution that is user-friendly, easy to implement, and cost-effective.

Here are 5 spend management platforms helping businesses manage their expenses in Europe:

• Expensya

Expensya is a web and mobile app that helps businesses manage their expenses and automate processes. It is an innovative spend management solution that empowers CFOs and fosters autonomous, accountable professionals. An expert in mid-market new-generation solutions, the platform helps automate and treat companies’ expenses from end-to-end: budget setting, Validation, Payment and Accounting integration.

• Mooncard

Mooncard is a French software, specialising in the management of expense reports and corporate purchases. By automating the management of expense reports, Mooncard simplifies the daily lives of employees thanks to a payment card associated with accounting management software. It offers a platform, cards, and a mobile app to optimize operational team efficiency while giving control to finance teams.

• Moss

Moss is a spend management platform that offers corporate cards, expense tracking, invoice management, and accounting integration to help SMBs save time. Its platform provides a single dashboard that allows finance teams to make informed business decisions based on a transparent overview of company funds. The company was launched in 2020 as Germany’s first real corporate credit card for startups and has since expanded to the Netherlands and the UK.

• Soldo

Soldo is a spend management platform that helps businesses track and control their spending. With its expense management platform, businesses can automate their finance processes from decision to spending to reconciliation, with card payments, expense management, approvals, and accounting integrations. Soldo’s platform is paired with prepaid cards, and this combination gives businesses complete control over their finances.

• Spendesk

Spendesk is a comprehensive spend management solution with a bunch of intuitive and helpful features. With Spendesk, businesses can automate recurring expenses and automatically match invoices to expense claims, saving a lot of time. Spendesk allows companies to tailor debit cards to individual staff and categories of spending and offers single-use virtual credit cards for online purchases. Spendesk also offers same-time payment validation via push notifications, as well as a point-in-time overview of expenses.