Soldo Reviews & Product Details

Expense Management Automation: Soldo simplifies the process of tracking and managing expenses by automating tasks that are typically manual. This reduces administrative overhead and makes financial management more efficient.

Prepaid Cards with Controlled Spending: The ability to issue prepaid company cards with customizable spending limits and restrictions allows businesses to control budgets effectively. This feature ensures that employees have access to funds while maintaining oversight.

Real-Time Reporting and Insights: The platform provides real-time visibility into transactions, enabling companies to monitor spending instantly. This helps in making informed financial decisions and maintaining accurate cash flow projections.

These features make Soldo an excellent tool for businesses looking to simplify expense management while maintaining robust financial oversight. Review collected by and hosted on G2.com.

Fees and Pricing Structure: Depending on the plan selected, some users might find the pricing structure a bit steep, especially when additional cards or features incur extra costs. This can make it less attractive for startups or smaller organizations working with tighter budgets. Review collected by and hosted on G2.com.

The platform is intuitive, transactions sync quickly, and expense tracking is straightforward for both staff and finance teams and it makes managing company spending. The key benefits are the real-time visibility of spending, the ability to control budgets through individual or team cards, and the seamless integration with accounting systems. It saves time, reduces manual reconciliation, and improves overall financial oversight. Review collected by and hosted on G2.com.

There are a couple of areas where I think Soldo could improve. For example, on the wallet dashboard, when transactions or cash withdrawals are made in a different currency, it would be much more helpful to see the actual amount withdrawn in the local currency rather than only in the wallet currency. Although the local currency amount appears when exporting reports, it isn’t fully reliable because it includes bank fees and FX charges. As a result, the finance team still needs to do manual reconciliation, which could be avoided with more precise and transparent currency reporting within the dashboard. Review collected by and hosted on G2.com.

I really appreciate the ability to sync with QuickBooks, which makes my job easier by saving time and reducing manual input. Soldo's ease of use on both desktop and mobile platforms is a big plus for me. As an admin, I value having full control over the functions, including assigning and creating users for different wallets with varying levels of access. The customization options such as different wallets for departments and sub-level card assignments are features I greatly appreciate. The initial setup was very easy once the training was completed, helping me understand the dynamics quickly. Review collected by and hosted on G2.com.

I dislike that Google and Meta do not accept it as a payment card. Review collected by and hosted on G2.com.

I like Soldo because it takes away unnecessary stress when I'm traveling or even just doing grocery shopping or at the gas station. I appreciate not having to worry about whether payments will go through or how to claim things, which makes day-to-day expenses feel easy and hassle-free. I also like that I do not have to worry about using my own money from my bank account, and the limits are clear with everything already set up. Soldo comes in very handy, especially when I travel, allowing me to pay with USD rather than MUR. Review collected by and hosted on G2.com.

It would be helpful to get clearer reasons straight away when payments are declined. The initial setup was a headache as in Mauritius, we do not get the code easily, so I had to connect with the Soldo agents to be able to have the code. Review collected by and hosted on G2.com.

I really like the immediacy for recharging and the flexibility of usage limitations of Soldo. I also appreciate the control it offers, such as the ability to decide how much to make available to employees and to prohibit withdrawals and fuel purchases. It is useful to be able to prohibit certain geographical areas for protection against potential fraud. Furthermore, I find the receipt scanning function very convenient to attach for each expense. Even though I am not currently using the approval cycle, I know that the expense report could be filled out for reimbursement. Review collected by and hosted on G2.com.

I wouldn't know how to say... Review collected by and hosted on G2.com.

I find Soldo to be an incredibly user-friendly platform that makes financial management straightforward for our children's homes company. It's exceptionally easy to allocate money to various wallets, which is crucial for us since each home operates with its own budget. Uploading receipts is seamless, which simplifies our process significantly. Additionally, exporting transactions to QuickBooks, the platform we use, is effortless and saves us a lot of time. Compared to our previous system with Pleo, Soldo stands out due to its ability to create separate wallets for each home, allowing us to maintain distinct budgets without confusion. This feature is particularly appealing as it prevents the financial issues we experienced before where funds were pooled together. The initial setup of Soldo was very simple and user-friendly; if you can use a smartphone, you can navigate Soldo with ease. Overall, it feels like the perfect platform that aligns well with our operational needs. Review collected by and hosted on G2.com.

Nothing at all Review collected by and hosted on G2.com.

The platform is very user-friendly, with a variety of payment solutions that meet different needs (physical and virtual cards, expense reimbursement, recurring subscription management, etc.). The ability to customize users, cards, and wallets gives us immense flexibility. Support is fast and efficient. Review collected by and hosted on G2.com.

Virtual cards are not accepted on all technological platforms because they are identified as prepaid cards. In other competing solutions, the cards are always accepted, even though they are not credit cards either. Review collected by and hosted on G2.com.

Seperate license and cost for Admin seems to be little expensive. Good to have verification with Government ID's but can consider proof outside UK too Review collected by and hosted on G2.com.

Its been used wisely today in our company to manage Employee Credit Cards and we are able to track End to End spend tracking Review collected by and hosted on G2.com.

Reduces manual work for finance team processing payments

Increases oversight for all parties

All approvals and verifications can be done online

Training is easy and straight forward Review collected by and hosted on G2.com.

Not much to dislike

Would like the ability to change user names rather than having to ask Soldo personnel to change Review collected by and hosted on G2.com.

I find Soldo extremely user-friendly and easy to top up. It provides detailed transaction details, which I appreciate. I also like the flexibility to set spend limits daily, weekly, monthly, or per transaction, along with a withdrawal limit. The real-time visibility and tracking in both the mobile app and the website are great. I love that it eliminates the need for employees to pay out-of-pocket and submit manual reimbursement claims. The digital receipt capture is an added advantage, and I find the accounting and software integrations with Sage very helpful for streamlining bookkeeping and reconciliation. Having multiple card types, both virtual and physical, in different currencies is really useful, and I feel reassured by the enhanced security that allows cards to be instantly frozen or cancelled if lost or compromised. The detailed reporting and budgets help create wallets for departments and the facility for specialized cards like fuel cards is beneficial. I also found the initial setup to be very simple and user-friendly. Review collected by and hosted on G2.com.

While Soldo is strong on spend control and expense visibility, areas I think could be improved include mobile app capabilities and fee structure transparency. The mobile app lacks some functionality compared with the full desktop platform, like deep configuration and reporting. Fees can add up, especially for smaller or infrequent users. The costs are per user rather than per card, and charges on cash withdrawals and overall pricing are costly. Review collected by and hosted on G2.com.