Aug 16, 2023
3 minutes

Looking for an alternative corporate card and expense management solution?

Trish Toovey - Content Director at Payhawk - The financial system of tomorrowTrish Toovey
Discover a better expense management solution
Quick summary

There's nothing worse than getting to a payment and finding your corporate cards have stopped working for some reason. It is a pain for the cardholder who has to scramble to find an alternative method. And it creates a headache for financial teams who now lack visibility over the recent spend and have to chase receipts, fulfil reimbursement, check reconciliations, and more.

Table of Contents

    In this article, we look at why businesses are introducing Payhawk as an alternative to their former expense management and corporate card solutions. And why our market-leading integrations and globally accepted payment cards (with comprehensive approval workflows) make controlled corporate spending easy, transparent, and fast.

    Why choose Payhawk over your current spend management solution?

    You’re busy; we get it. That’s why we’ve summarised our core spend management solution benefits, including corporate cards and expense management software, into the handy bullet points below:

    Corporate cards:

    Learn more about optimising your finances with Payhawk



    Savings and ROI:

    Plus, data security is at the heart of everything we do; and we’re PCI DSS, SOC 2 Type 2 and ISO 27001 certified.

    Make spend management easy

    As your business scales, managing expenses becomes more complex. We’re all looking for intelligent digital solutions that make our lives easier, so here’s how Payhawk takes the weight off your shoulders.

    Open accounts with ease and issue business debit cards in multiple currencies

    If your business is international, you need a solution to support global payments in multiple currencies. With our globally accepted Visa debit cards, you can empower your team to spend money with over 46 million merchants, and with almost instant-to-issue virtual cards, you can start spending in seconds.

    So, wherever your team is in the world and no matter what currencies they’re spending (EUR, USD, GBP, BGN, RON, DDK, and more), Payhawk is here to facilitate streamlined expense management for everyone. And adding your payment cards to Google and Apple Pay can make spending even more convenient.

    Not only can you set your account up quickly and make international spending easier, but you can also spend knowing your data is encrypted using industry-standard AES-256 encryption. Data security is a top priority here at Payhawk, and that’s why we’re certified by some of the highest security agencies in the world — we’re PCI DSS, SOC 2 Type 2, and ISO 27001 certified.

    See what our cards can do

    Define your spending policies and approval workflows

    Naturally, you want to ensure all expenses follow company policies and prevent any unauthorised spending. With Payhawk, you can define spending policies and set up advanced approval workflows across multiple entities. And you can manage entity-level workflows to meet specific requirements, such as designated spend approvers.

    With our spending policies, you can set restrictions on payment cards, including recurring limits, ATM withdrawals, and online purchases. This approach to expense management gives employees autonomy to spend but restricts it within a framework so you always maintain control.

    Keeping business spending visible at all times means you can accurately forecast the company's future spending and create an effective budget to align with your business growth ambitions. You can also improve accountability and compliance, simplify expense management, and avoid unnecessary expense approval delays with automated approval workflows. And, if you're a designated spend approver, you can approve out-of-office requests using our mobile app.

    Set up quickly (and get ongoing support)

    Access to smart software is only the start of improving expense management processes. You need a network of experts offering ongoing support to enact positive change. And that’s what we can provide you with from the moment you sign up.
    Unlike other expense management platforms, it takes us only one month to integrate Payhawk into your organisation on average. That means fewer disruptions to your expense management processes, and you can be up and running and streamlining your spending policies in no time.

    We deliver a 38%* faster time to value when compared with others in the expense management category

    *This data is based on third-party reviews on G2 *

    When you sign up with Payhawk, you’ll be assigned a dedicated account manager who can provide ongoing success resources at any implementation stage.

    Or, if you’d rather explore yourself, we have an entire help centre packed with valuable resources covering every angle of implementation and beyond.

    Final thoughts

    Finding the best-fit alternative spend management solution for your business can be overwhelming. That’s why you should make the software company do all the heavy lifting.

    At Payhawk, we welcome all your expense management questions. Our solution delivers endless value while streamlining all your business expenses in one place.

    Ready to find out if Payhawk expense management is the business finance partner you’re missing? Book a demo and take the chance to grill our experts on making our features work for you.

    Trish Toovey - Content Director at Payhawk - The financial system of tomorrow
    Trish Toovey
    Senior Content Manager

    Trish Toovey works across the UK and US markets to craft content at Payhawk. Covering anything from ad copy to video scripting, Trish leans on a super varied background in copy and content creation for the finance, fashion, and travel industries.

    See all articles by Trish →
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