Payhawk, the global spend management solution that helps businesses manage company cards and payments at scale across 32 countries, announces the launch of new innovations as part of its ‘Fall Edition’ product release.
Global companies face significant challenges in “managing and controlling corporate spending across teams and regions. 43% of financial leaders want to prioritize improving spend visibility in their organizations, as otherwise, this often leads to budget overruns, misallocation of resources, and difficulties in enforcing spending policies.”
With its services, Payhawk aims to help finance teams “to build their company’s spend culture by driving accountability and informed decisions.”
With over 15 new features as part of the Fall Edition release, some highlights include:
- Real-time Budgets: A brand-new feature that enables finance teams and budget owners across organizations to access a real-time overview of budget utilization, resulting in faster decision-making and driving accountability
- A card for every purpose: Payhawk’s popular smart Visa debit and credit cards, which empower businesses to control card spending, have been expanded even further. Users can now add additional controls and rules to build a card for every business need. From single-use virtual cards for one-time payments, to subscription cards limited to a specific vendor or project and travel cards with custom activation periods, finance teams benefit from even greater customization and control
- Comments: Speed up expense approvals and requests, as well as invoice approvals and reviews, by communicating with relevant stakeholders where spend happens
- Sage Intacct: Payhawk is now featured on one of the leading global accounting systems marketplace, Sage Intacct. Payhawk has introduced a live bidirectional integration for real-time reconciliation and an always-on master data sync
Payhawk claims to have proven to improve business operations across various industries.
