Blogs and best practices from the world of Fintech

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.

Payhawk is officially certified by the Spanish Tax Agency (AEAT) for being compliant with the digital storage of documents and their data. We’ve worked hard to ensure that all of your documents are stored securely and are compliant with all the requirements of the Spanish government. 

Our research shows that it takes up to 15 minutes and 3 people on average to execute a single bank wire. The amount of the invoice is irrelevant, it could be for 5 or 50,000 EUR. The organizational effort remains the same. With this feature, we help businesses reduce this process to just 30 seconds. Here is how.

What would it look like if you could manage your team budgets in real-time? Some companies try to achieve this by sharing a company card, but that comes with its drawbacks. We created team cards – the easiest way to gain full transparency and control over your team budgets. 

Payhawk, the only end to end financial system that combines credit cards, payments, and expenses into one integrated experience, today announced the launch of one click bill payments and reimbursements powered by a partnership with Railsbank. Payhawk also joins the Xero App Marketplace with a live bank feed to fully automate reconciliation of all company payments.

We know that sometimes having the expense category and the employee’s note is not enough information for each expense.  Often, accounting departments need the cost center information while controlling teams need the project ID. In order to solve this issue, Payhawk has made it possible to create custom predefined expense fields and allow users to dynamically enter data.

Company spend policies can vary. That’s why we now let you design a custom approval chain based on yours. Take a look at how Payhawk decentralizes your workflows and improves efficiency by also allowing managers to approve their team fund requests.