Traditional expense management processes are a poor fit for the daily running of a school. Credit cards are only appropriate for senior employees, it’s unfair to ask staff to front funds for later reimbursement, and cash advances are admin-heavy. On top of that, it’s hard to see and control all costs. But there is a smarter way.
With Soldo, staff and volunteers make payments on prepaid Mastercard® cards. Admins can send money to cards in a click. Budgets and rules provide complete spending control. And the receipt capture app makes reporting effortless. It means:
* Empower staff & volunteers can make purchases their work requires
* Administrators can set budgets and spending limits
* Management can control spend and gain complete visibility
But don’t just take our word for it. . .
“Since adopting Soldo we have found the spend on discretionary operational expenses is tracking at or below plan. Previously, we had frequent overspend on operational expenses because our staff did not have real-time visibility of where they were with their budgets. We also have fewer instances where supporting paperwork is missing and senior managers time is not spend constantly approving daily spend that is needed for the school to operate smoothly. Our accountants are also pleased with the solution because they spend less time on manual bookkeeping.” Peter Melbye, Dania School
If you’d like to know more about how Soldo can help your school, get in touch – firstname.lastname@example.org.
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