Soldo Reviews & Product Details

I like that Soldo is so easy to use, making it quick to train employees and simple to pull off the reports I need. The ability to upload receipts easily either from files or by taking a photo is ideal for our users, especially since they have the app on their phones for use during business travel. Changing to Soldo from GPC cards was a no-brainer due to the ease of reconciling expenses. Review collected by and hosted on G2.com.

Because it is easy to use, it does have limitations as to what you can do with it. For example, we have to get approvals for additional top-ups outside of the system. It would be great if you could set up the business workflow so it could alert the budget holder to ask for permission to top up funds. There is an auto alert feature for missing details, but when we used this it would send alerts for £0 transactions which was frustrating. I also don't think it could pick up if there was a note missing which is now a requirement in our organization. We couldn't get an integration, so it is a manual process for us to extract the data and put it in our finance system. Review collected by and hosted on G2.com.

I really appreciate Soldo for replacing our monthly cash disbursements with Soldo Cards, which saves a lot of time that we used to spend getting cash from the bank and distributing it to the houses. The bulk Transfer functionality is a game changer since it allows us to allocate funds to the cards in just a few minutes, and it also provides a clear trail of where the money is being spent. The transaction level detail is impressive, helping us ensure that spending occurs within the locality of the houses on appropriate items. The ease of transfers to the cards has significantly improved our workflow. Setting up Soldo was easy, and I got great help from Alan, who was very patient and helpful. I rate the system a 10 out of 10 for its effectiveness. Review collected by and hosted on G2.com.

The households can't see what money has been transferred into the wallet, so they sometimes ask how much has been transferred to them. Maybe that could be improved. Review collected by and hosted on G2.com.

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 like how Soldo simplifies and controls spending by allowing me to see everything in real time. Instead of chasing receipts or waiting for reimbursement, it's all properly tracked and organized for Finance. My favorite feature is issuing cards to employees while being able to set limits and view the list of transactions, which means no surprises at month end and no overspending. It removes manual work and makes expense management simple and transparent. Additionally, Soldo allows Finance to pre-approve spending by controlling access to funds, preventing bad spending and reducing policy violations. It offers real-time visibility of cash flow and helps in faster month-end closing, allowing unusual spends to be spotted instantly. Also, the initial setup was very easy, requiring just an email address, phone number, and roles to be assigned. Review collected by and hosted on G2.com.

Occasional reports of card being declined or getting blocked. Making the system more proactive - preventing declines before they happen. 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.