Payhawk announced the expanded Enterprise Suite 2.0 with Oracle NetSuite integration

By Joy Dumasia

Payhawk announced the second iteration of its enterprise suite, Enterprise Suite 2.0. The new features include Subscription Tracking, Mileage Tracking, Oracle NetSuite API Integration, Reimbursements, Multilingual Portal and automatic Supplier IBAN checks.

Payhawk’s expanded Enterprise Suite works to streamline the function of finance teams and improve the satisfaction of staff making payments. Finance teams can spend less time manually tracking spend on subscriptions, validating supplier IBANs, and automatically transferring their accounting data to Oracle NetSuite; whilst employees are reimbursed automatically for approved spending and mileage, avoiding weeks or months of being out of pocket to their employer.

Payhawk’s expanded suite of enterprise tools and features targets fast-growing multinational companies expanding their international presence and need a strong and efficient financial stack to control company spending without prohibitive administrative overhead.

Hristo Borisov, CEO and Co-Founder of Payhawk, said: “Thanks to our direct integration with Oracle NetSuite, we can better satisfy the needs of enterprise-size businesses. With our integration, all-expense information flows to the ERP in real-time. In Europe, we are the first company in the sector to provide this type of API integration.”

Hristo continues, “Finance teams currently spend a great deal of dead time chasing payments and tracking budgets across spending by numerous individual team members. After payroll, subscriptions tend to be what companies spend the highest amount of funds on. Our software identifies subscriptions and tracks them, offering a visual representation of its value and predicted future use. What finance team members have previously logged in spreadsheets now becomes trackable.”

Recently, IBS Intelligence reported that Payhawk and Cafico International, an experienced, independent Trust and Corporate Services Provider for those seeking to do business in Dublin, London or Luxembourg, announced the launch of Scaling Up a guide to opening an entity in Ireland.