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.
Payhawk now offers an "Enterprise Suite" option, which includes the necessary financial tools to manage business spend, and provides impeccable customer care. But what exactly does that entail? Microsoft Dynamics 365, Single-Sign-On, Cashback, and Digital Wallets are amongst the most exciting features included. This blog article gives a short overview of their significance for businesses.
Dynamics Business Central is suitable for SMEs, targeting organisations with up to 250 employees. It can operate across different departments and groups within the business entity and display information about its overall performance. The tool's main capabilities focus on supply chain, and finance operations, depending on customer needs.
Despite providing a comprehensive solution for monitoring companies' business flow, such ERP systems lack flexibility and real-time visibility - something that Payhawk excels in. Being able to reconcile expenses made through Payhawk corporate cards with an ERP system automatically means that a business entity gains complete control over all financial transactions. That is why integration between the two is crucial for users.
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.
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.
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
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.