Accounting software provider FreeAgent has announced a new partnership with Pleo, the smart spend management platform, to make it easier for UK small businesses to manage day-to-day expenses and stay on top of their cash flow.

The integration means Pleo is now FreeAgent’s preferred expense management partner, which will enable seamless syncing of expenses, card transactions, receipts and attachments from Pleo into FreeAgent, complete with categories and VAT. This automation reduces the burden of manual data entry, eliminates the need to chase employees for missing information, and ensures more accurate, up-to-date books.

Pleo empowers businesses to issue virtual or physical company cards to employees with full control over spending limits and policies. Every transaction is automatically tracked, categorised and matched with a receipt in Pleo, then synced directly into FreeAgent. This gives business owners and finance teams a clear, real-time view of spending across the company, from recurring subscriptions to one-off purchases.

The result is less financial admin - as finance teams have a clearer picture of where money is being spent throughout their operations - and more time for SMEs to focus on running and growing their businesses.

Roan Lavery, CEO and co-founder of FreeAgent, said:  

"We know how frustrating and time-consuming it can be for small businesses to keep track of spending, especially when lots of different people are making purchases.

This partnership with Pleo takes a huge amount of that stress away. Expenses are recorded and sent straight into FreeAgent without the usual chasing around for receipts or spreadsheets. It just works in the background, so business owners can focus on running their business, not wrestling with their books."

Haresh Bajaj, SVP at Pleo, added: "Pleo are thrilled to launch our integration with FreeAgent; two partners with a shared vision of empowering SMBs with seamless financial tools. This partnership is a step forward in simplifying workflows and unlocking greater value for our customers, and we’re excited about the impact we’ll achieve together."