Soldo, the proactive spend management solution that frees progressive businesses to accomplish more, today announced its Winter 2024 Updates. Available today to Soldo customers, the new features help companies of all sizes scale their finance operations.

The new updates enable better control over teams' spending, automate employee onboarding and offboarding processes, and track CO2e emissions, ensuring compliance and efficiency across all financial processes and sustainability initiatives.

Measuring sustainability in one click with CO2e Emissions Tracker

The new CO2e Tracker automatically tracks and reports the carbon emissions associated with every business expense. This enables organisations to calculate their Scope 3 emissions, which is a regulatory requirement for an increasing number of companies. Organisations are empowered to be compliant with EU and UK reporting requirements and offered the ability to offset their carbon emissions.

"Every business needs to manage their business spend and increasingly every business needs to manage the carbon emissions relating to that spend. It's fantastic to see Soldo get ahead of the curve to help their customers solve this meaningful problem while at the same time driving positive climate action." Erik Stadigh, Co-founder & CEO of climate impact business Lune.

Automating employee access and compliance with HR Integrations

By connecting seamlessly with HR systems, customers can automatically update employee access to spending resources, reducing administrative burden and ensuring that only authorised individuals access company funds. These enhancements provide peace of mind for finance and HR teams alike, who can now streamline user access securely as roles evolve within the company.

Managing and structuring a team's spending all in one place with Teams.

Organisations can manage spend with structure and control by mapping their hierarchy into Soldo. The new Teams feature makes it significantly easier for budget holders to get the job done, with maximum flexibility in configuring how their teams can spend, monitor in real-time, report, and forecast.

“The role of the chief financial officer (CFO) continues to evolve at pace as organisations strive to mitigate challenges and take advantage of new opportunities. As CFOs adopt a more strategic role within the organisation rather than one focused on day-to-day bookkeeping, they are increasingly exploring a decentralised approach to finance, including spend management. Soldo's solution presents an opportunity to not just facilitate this trend, but further it, by empowering employees with a robust spend management offering that enables efficiency gains, increased data visibility, and improved planning capabilities.” Charles Aladesuru, Research Manager European Enterprise Solutions, IDC.

“Our mission is to help companies liberate finance and payments so every team can accomplish more. As businesses grow, managing decentralised spending becomes increasingly complex – with more budget holders, fragmented team expenditures, and incomplete data challenging your efficiency. That’s why our Winter 2024 update brings innovative features that enhance control, visibility, and efficiency in spend management. These advancements allow companies to scale with confidence, focus on their core objectives, and empower teams to drive growth forward.” Darren Linscott, Chief Product Officer, Soldo.