Payhawk

Payhawk is a comprehensive spend management platform designed to streamline financial operations for businesses. It offers a unified solution that combines automated expense reporting, real-time budget tracking, and corporate cards with spend controls. This platform is particularly beneficial for companies operating globally, as it supports multi-currency accounts and transactions across various regions.

Key features of Payhawk include corporate cards that can be issued as debit, credit, virtual, plastic, or metal cards with customizable spend limits. The platform also supports multi-subsidiary management, allowing businesses to consolidate spend across different entities in a centralized dashboard. Additionally, Payhawk provides purchase request management with features like PO matching, custom approvals, and direct vendor payments. It also utilizes OCR technology for efficient invoice handling, enabling users to capture, split, and schedule payments for invoices.

Payhawk integrates seamlessly with various systems, including HR solutions like SAP Success Factors, to automate workflows and reduce manual data entry. This integration ensures that employee data is updated in real-time, minimizing errors in approvals and budget allocation. The platform's expense management capabilities include mobile apps for receipt submission and approval flows, making it easier to manage and track expenses globally. Overall, Payhawk is designed to enhance financial control and compliance for businesses with complex spend management needs.