Blogs and best practices from the world of Fintech

An idea that promises to disrupt the market is short of being enough. It’s the hard work and perseverance behind it that truly transform a concept into a must-have solution for businesses. Providing such value to users is not without its challenges, which makes having the best people by your side critical to success. Payhawk found the right ones from the very beginning – and at the heart of the engineering team where our product first took off. 

Picking the most appropriate accounting software is one of the most essential choices CFOs in high growth have to make. Core accounting software should accurately record financial data for compliance purposes and empower CFOs to make commercial decisions by accessing close to real-time accuracy from transactions and supporting KPIs.

How do you manage invoices? From manager approval to supplier payment, managing workflows can become quite complex, especially for enterprise players. See how Payhawk focuses on flexibility by allowing larger companies to customize their invoice approvals and payment permissions.

Or, a guide on how to successfully set up and run an EU-based business online from anywhere in the world.

Payhawk multiline items allow customers to further enrich their expense data. We’ve designed them to fit all the possible use cases, allowing even the most sophisticated tracking of spending. Each line item can be represented in a different accounting category, custom field (project, cost center, etc.), different team members, and last but most importantly with a different VAT rate.

In the past 3 years, we went from 2 people on a shared desk to a team of 46 employees across 4 offices in London, Barcelona, Berlin, and Sofia. We are hiring 51 more like-minded people to join our growing team. The Payhawk card is swiped every second by businesses in 23 countries by thousands of users in more than 200 companies with a customer satisfaction rating of 96%. We have raised $24.1 million from one of the best fintech investors and executives in the world.

Payhawk integrates with Datev Cloud Services (Rechnungsdatenservice 1.0) for a seamless and effortless accounting experience. Automatic expense categorization and VAT suggestions takes the manual work off of the accountant’s workload. Payhawk makes sure that the data you push to Datev accounting software is complete and lets you reconcile your expenses effortlessly.

Managing invoice approvals can be tough. Different departments, amounts, and expense types might require different approvers before the invoice gets paid. With Payhawk Workflows, you no longer have to count on your employees to remember your company policy. You can define your approval flow and ensure everything is reviewed by the right person.

Payhawk integrates with Quickbooks for a seamless and effortless accounting experience. Automatic expense categorization takes the manual work off of the accountant’s workload. Payhawk makes sure that the data you push to Quickbooks is complete and lets you reconcile your expenses effortlessly.