Case Study
Managing Business Spend For Dummies: Soldo Special Edition
An executive guide offering a proactive framework to automate company spending, tame tail spend and achieve real-time financial visibility. Discover how to replace manual, reactive expense processes with a unified spend management framework that empowers employees while giving finance teams total oversight.
- Topic
- Business Solutions
- Published
- 22 Jul 2026
Traditional expense management relies on manual, retrospective processes—gathering weeks-old receipts, filling out reimbursement forms, and wrestling with end-of-month spreadsheet reconciliation. This reactive cycle creates friction, invites human error, and leaves finance teams without clear visibility into cash flow. In fact, research indicates that poor spending controls cost European businesses up to £301 billion annually.
Managing Business Spend For Dummies (Soldo Special Edition) provides a modern blueprint for overcoming these bottlenecks. By bridging governance, payments, and review into a single ecosystem, organizations can control tail spend, eliminate out-of-pocket burdens, and automate financial reporting.
Key Highlights:
Proven ROI: A commissioned Forrester study showed that implementing Soldo’s spend management solution delivered a 358% ROI.
Significant Time Savings: Reduces time spent by finance managers reviewing and approving reports by 80%.
Faster Expense Claims: Halves employee time spent submitting claims, saving over 45 minutes per claim.
Reduced Reconciliation Work: Cuts time spent reviewing budget-to-spend alignment in half.
Massive Cost Burden: Poor spend controls cost European businesses up to £301 billion each year.
Lack of Visibility: Nearly 40% of finance professionals report having little to no visibility into how company money is spent.
Retention Driver: Over two-thirds of employees experiencing regular reimbursement delays consider looking for a new job.
Taming Tail Spend: Applies structured control to high-volume, low-value purchases without overburdening procurement.
Subscription Management: Utilizes dedicated virtual cards to track, pause, or cancel recurring SaaS expenses and prevent duplicate licenses.
Petty Cash Replacement: Replaces cash and personal out-of-pocket expenses with ringfenced team "Wallets" and controlled company cards.
Instant Mobile Receipt Capture: Enables immediate digital receipt uploads at the point of purchase via mobile app.
Seamless ERP Integration: Automatically feeds validated expense and tax data into accounting platforms, removing manual copy-pasting.