Payhawk Spring’24 edition

This article first appeared as a Press release.

The news

• Payhawk releases its Spring ‘24 edition. This updated product suite now includes Visa credit cards in Euros for new customers throughout the European Economic Area (EEA), providing a single platform for enterprises to easily issue and manage both credit and debit cards throughout the US, UK, and the EEA
• Payhawk’s smart Visa cards now offer additional smart controls based on the day, time, region, merchant, and merchant category to help businesses eliminate non-compliant spending before it happens
• 59 new integrations with leading HR systems such as Workday, Personio, BambooHR, Hibob, and SAP SuccessFactors, increase compliance by automatically onboarding and offboarding employees to Payhawk with the appropriate policies
• Payhawk opens access to its platform APIs, enabling a marketplace of applications built by third parties, and launches its first marketplace integrations with Odoo and Exact Globe
• Ten additional new platform features help enterprises further shorten their month-end process

Payhawk, the global spend management solution, today released its Spring’24 edition including more than 15 new platform features, making it even easier for companies to manage and control spending at scale.

Hristo Borisov, CEO and Co-founder of Payhawk, says:

I’m delighted to announce our Spring’24 edition, which is packed with features to make it even easier for businesses to manage and control their spending. The focus of this release was adding more flexibility, control, and innovation to our world-class corporate cards

With the release of Visa credit cards in Euros for new customers throughout the European Economic Area (EEA), Payhawk is now a single platform businesses can use to easily issue and manage Visa credit and debit cards in multiple currencies throughout the US, UK, and the EEA.

All Payhawk cards include automatic reconciliation and built-in spend controls to proactively control spending before it happens. This release offers a greater range of card control options, allowing finance teams to define even more flexible and granular controls. For example, businesses can now limit card spending to pre-approved vendors, categories of merchants, countries, regions, times and days of the week.

Fifty-nine new integrations with HR systems such as Workday, Personio, BambooHR, Hibob, and SAP SuccessFactors further increase the control and security businesses have on card spending. The integrations sync your company spending with your master employee data, automating the onboarding and offboarding of employees with the appropriate spending controls and ensuring compliance is maintained, even at large organizations with frequent starters and leavers.

In addition to the new card features, Payhawk released over ten features to enhance controls and automation, including scheduling invoice payments for streamlining payment runs, segregation of payment duties to enforce the four eyes principle, and a new custom-built AI model to improve data extraction from documents in more than 65 languages.

Finally, Payhawk has enabled third parties to build vetted connected applications by opening up its platform APIs and launching its first marketplace integrations with ERP systems Odoo and Exact Globe.

Hristo continues:

I'm delighted to announce our plans for a Payhawk marketplace where third parties can build vetted connected applications for our customers. This ultimately enables us to deliver even more value for clients by working with trusted external parties to grow the number of use cases we provide rapidly. This is critical to best address the needs of our diverse client base and harness the power of developers who can contribute with deep localization features.

Unlock enhanced financial control and efficiency with Payhawk's latest release, featuring seamless Visa credit card management, integrated HR systems for heightened security and compliance, advanced spend controls, new and improved automation features, and more. Book a demo today.