Soldo

Review:

Soldo offers businesses of all sizes a robust set of expense tracking and management solutions. Catering specifically to the European market, the software includes multicurrency and multi-language capabilities, as well as comprehensive account support and dedicated customer success teams.

Soldo's solutions are easy to use and include corporate cards, transaction capturing, expense policies and spending limits, real-time visibility, advanced reporting, compliance, and a mobile app. However, the platform does not offer built-in invoicing or accounts payable solutions.

Pros:

• Various well-established companies, including Gymshark, Age UK, and Clarkebond, have found success using Soldo's software.
• The platform offers several free and paid packages to suit every company size, from startups to enterprises.
• Corporate cards are connected to the company's Soldo wallet, which holds and manages funds in multiple currencies.
• Users can set spending limits, create card rules, define admin permissions, and segregate funds for teams.
• The platform allows users to approve requests, issue single-use virtual cards, and reconcile transactions with ease.
• Various dashboards help companies track and monitor spending trends, access real-time reporting, and filter data.
• Companies can efficiently manage fuel payments, mobility expenses, and receipt storage with Soldo's mobile app.
• Soldo integrates with a wide variety of accounting, banking, and document management platforms, including Xero and Sage.
• Other tools include budget allocations, spending categorizations, transaction reports, and compliance.
• The platform offers live chat support, as well as onboarding, employee training, and customer success management.

Cons:

• Soldo does not cater to countries outside Europe.
• Only the more costly plans include advanced features, such as multilevel approval workflows and account managers.
• The platform lacks built-in travel management, invoicing, and accounts payable tools.
• There is no phone support available.

Reputation:

On G2, Soldo has a 4.5-star rating based on more than 120 reviews. Most users were satisfied with the software's variety of company wallets and easy-to-use receipt capturing tool. However, some reviewers noted that the platform's integration with Xero is limited and its mobile app has too many updates, leading to frequent technical issues.

On Trustpilot, Soldo has a 4.3-star rating based on over 1,290 reviews. 73% of users rated the software as "Excellent," praising its efficient customer support and easy account setup. However, several reviewers mentioned their poor experience with the software's corporate cards and banking tools.

On the App Store, Soldo's mobile app has a 3.1-star rating based on more than 40 reviews, with some users noting that the app's frequent updates usually come with several technical glitches.