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To innovate, or to become obsolete - these are the rather limited options posed to companies around the world today. Fast-growing markets penalise those who take too long to listen to consumer trends or fail to bring forward optimisation for internal processes. As a customer-centric company, we've built a product to simplify as much as possible mundane activities like spend management, so companies can focus on their growth instead. True to this vision, we are releasing a top-notch package that we are sure will disrupt the market.
Make multi-entity expense management efficient with Payhawk
SINGLE SIGN-ON
Logging in faster and eliminating the need to remember numerous passwords are the most well-known benefits of Single-Sign-On. We encounter SSO authentication daily when we use social media sites like Facebook, or when we log into G Suite. In the context of enterprises, SSO has even greater significance. The usage of various software within companies results in disintegration and misalignment. IT departments struggle to maintain the various platforms and employees are burdened to switch between numerous accounts to do their job.SSO and security: Statistically, nearly 60% of employees use the same password for all applications they require. This translates into a major security issue, as one cyber breach could give intruders access to all organisational systems. SSO increases protection by consolidating information about who has access to what particular structures, and facilitates visibility and control.
As an added benefit, companies can impose policies to ensure greater user protection. These include requirements for password complexity, length, or regular password updates. So, when users choose a single set of credentials for all log-ins, this data is considerably more secure.
SSO and user experience: Eliminating the need to type in credentials and wait for the application to confirm access for each platform significantly boosts user experience. This also translates to higher productivity levels amongst the workforce, as employees are not required to undertake additional actions to locate or recall their passwords. Being able to rapidly switch from one application to another increases motivation to perform a small task immediately, as opposed to waiting for work to pile up.
Why did we choose SSO as a major feature for our enterprise solution? The ability to use the same log-in data is not only convenient but also creates a feeling of a well-structured and unified system. We want our users to trust us, and to consider Payhawk as one with their other work software. Payhawk will use SAML 2.0 to authenticate user identities against their own corporate directory.
CASHBACK ON CARD PAYMENTS
Credit cards cashback means that for each purchase a user makes, a certain percentage of the sum is transferred back to them. There are different terms and conditions for receiving cashback: the most common being flat-rate cash back cards that return the same fixed rate, disregarding where and how much money is being spent. This seemingly small percentage (most options vary between 1-2%) of cashback makes a big difference when applied to business spending.So, as an expert in company spending, Payhawk announced cashback on all POS spend, capped at your subscription!
Why is this announcement bound to disrupt corporate payments and the expense management market? In practice, cashback means that for every purchase of 10 000$. For example, clients are eligible to get 100$ reduced from their monthly subscription on 1% cashback. The cashback limit is the customer’s monthly invoice amount, which makes this feature particularly well-suited for users that spend heavily through their corporate cards.
Payhawk’s industry-first corporate card with such a high level of cashback capped at subscription is complementary to all other enterprise features for a truly holistic experience.
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Payhawk’s new suite of enterprise tools provides an efficient financial stack to control business spend at fast-growing multinational companies. Learn more about our enterprise features and how they can transform your financial processes
Moving global spend forward.
Whether you have tens, hundreds, or thousands of employees, we’re making your business spend work for you, giving you control over spending at scale with a single solution. Say goodbye to tedious finance tasks, schedule a demo with us today.
Payhawk Limited 2023, All rights reserved. Payhawk Limited is registered under company registration number 11747263, WeWork, 1 Waterhouse Square, London, EC1N 2ST.
Payhawk Debit Cards are issued by Paynetics AD in the EEA and the UK, and Payhawk Credit Cards are issued by Payrnet Limited in the UK and Cross River Bank in the US.
The Payhawk product is not available for micro-enterprises or small charities based in the UK as defined in the UK Consumer Duty Regulations. See the FCA website for more information.
The Payhawk Visa Debit card and Payhawk Visa Credit cards are issued pursuant to a license from Visa.