Payhawk disrupts the expense management market with the new Enterprise Suite

By Joy Dumasia

Payhawk, the all in one finance system helping businesses spend effortlessly, has announced an industry-first 3% cashback on all payments, integration to Microsoft Dynamics 365, Single Sign-On for enterprise clients, as the company looks to disrupt corporate payments and expense management market.

Payhawk’s new 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 spend without prohibitive administrative overhead. 

Payhawk combines payments, invoices and expense management to close the gap between banks and ERP (Enterprise Resource Planning) systems. As a result, Payhawk empowers finance teams to reduce manual work, keep tight control of budgets in real-time, and fully automate spend across every payment method. Instead of using 5-6 tools across multiple markets, Payhawk delivers a single solution for finance teams that can serve businesses in over 30 countries.

Hristo Borisov, CEO and Co-Founder of Payhawk, said: “Currently, finance teams often use multiple disconnected tools for payments, invoices and expense management. Often paying hundreds of thousands of euros for license fees to different vendors that add the overhead of additional integration costs to the company’s main ERP system. We bring all these enterprise tools under one solution together with an industry-first corporate card with 3% cashback capped at our subscription. This way, we reinvest a portion of the interchanges we earn from Visa to subsidize the licenses of our customers that spend heavily through corporate cards. Our customers get enterprise-grade financial software with the most efficient company card free of charge.”

Recently, IBS Intelligence reported that Payhawk, the growing platform that combines expense, payment and invoice management in one solution, brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash and uses the power of the iPhone to protect every transaction.