At your fingertips: Volopay can make it a lot easier for SME owners to manage their business and keep track of their expenses.
Ever felt like you were about to turn into an octopus while running your business? You’re not alone.
There is no denying that being an SME owner is an insanely difficult task that demands every last ounce of energy from you, but thankfully there are platforms that make your life a little bit easier.
One example is Volopay . If you haven’t heard of it, here’s a quick introduction. In its own words, “Volopay combines approvals, corporate cards, bill payments, expense reimbursements and accounting automation into one single platform.”
That sounds like a lot (and it is), so we’ll run through what Volopay does below.
A lot of businesses tend to flounder when it comes to tracking and managing their expenses efficiently. Why not go digital? With Volopay’s expense management software, you can:
When you use Volopay cards, any expenses you rack up are coded and synced into your accounting system.
Virtual cards have their perks too. You can create a separate card for each subscription or online payment, set a limit on each of them – and just as quickly, freeze any of the cards.
Forget about looking under office furniture or rummaging your in-tray to find forgotten and faded receipts. Now, you can submit your petty cash claims and expenses in seconds using your Volopay card.
Notifications and email alerts are sent to you for every single transaction. These also provide you with valuable spend analytics so you know better what you are (or should not be) spending on.
Having subscriptions can be good, but not if you can’t keep track of them. Manage your subscriptions easily with Volopay’s suite of features – and get rewarded too.
Ever paid for subscriptions you didn’t want because you didn’t know you were still subscribed to them? Those days are over, because now you can have full visibility over your subscriptions in one place – and set up reminders to collect your invoices on time.
Stay on top of your subscriptions, make payment on time – and get 2% cashback on subscription payments when you pay with your Volopay virtual card.
You won’t lose track of your subscriptions anymore – not if you have a virtual card for every subscription! Track, pause or cancel them anytime, or just change cardholders while retaining your subscription.
Create burner cards with expiry dates so you can always make payment with a valid card for your subscriptions.
It’s easier to account for everything when every subscription you have is synced to your accounting system. Get this information updated directly under your vendor in just one click.
Whether you send or receive them, invoices are the crux of any business. Sync all your payments, submit all of them and enjoy discounts for paying early – all on Volopay’s spend management platform.
No matter whether you have five invoices or 50 to process, you can send them at one shot, get them approved and then paid by your finance team on time.
After you have made payment, sync all paid invoices to your accounting software to have them updated against the right vendors.
Send your payment to more than 130 countries using swift and not-so-swift options at the lowest rates.
Decide how much you want to put aside for early payments, set your rate of return, and Volopay will submit the offer to your suppliers dynamically based on all your invoices. This means you get to enjoy discounts just for paying early.
Use the Bill Pay function to activate customized payment approvals to your vendors – no matter where they live – to save yourself time and hassle.
Make and track deposits and payments easily with no minimum sums or limits, and low fees – without needing to have multiple business bank accounts, credit cards, expense-tracking software and money transfer accounts.
Foreign exchange accounts in any currency you require is no problem at all – be it AUD, EUR, GBP or USD. Volopay allows you to keep your funds in an ANZ account that is compliant with the Australian Securities & Investments Commission (ASIC).
Bank-grade security encryption and access protocols are used to safeguard your privacy, so you can be sure your data is secure.
For the lowest rates, you can send and receive money to and from more than 130 countries using swift and non-swift methods.
Simply integrate your Volopay business account with your accounting software to sync all your transactions.
Get a clearer idea of your expenditure patterns with Volopay’s unified spend management software, which combines approvals, accounting automation, bill payments and corporate cards into your business account.
Now here’s a real boon for business owners: Volopay offers a business credit line of up to $500,000.
You can use the credit line for everything from daily expenses to new equipment. The approval process is fast and easy – no matter what type of industry your business is in.
You can even give each of your staff a corporate credit card with in-built credit – so they enjoy the convenience, while you keeping the spending under control.
Sync all your transactions with your accounting system so you stay on top of your credit spend.
Get a high credit limit – even without a personal or business guarantee. The more your business grows, so does your credit line.
Volopay even has an end-to-end corporate travel booking platform that takes care of everything from start to finish.
Save up to 30% on your travel spend with the cheaper booking rates offered by Volopay.
In one place, you can book and pay for your business trip without racking up extra charges
Opt for corporate travel cards for yourself and your employees – and enjoy top convenience anytime and anywhere, while controlling your spend.
You can even get 1% or 2% cashback on all your foreign exchange transactions – so you save more when you spend.
Get a $50 card credit when you sign up for Volopay through Lendingpot here: http://www.lendingpot.sg/volopay-sign-up.
The Starter plan starts from S$5 per user per month, which comes with perks such as one physical and five virtual cards, generous cashback, domestic and international payouts, accounting integrations, reimbursements and live customer support.
The Pro plan starts from S$10 per user per month, and comes with everything in the Starter pack, plus a multi-currency account, unlimited virtual cards per user, advanced user roles, enforceable budgets, custom workflows, and a dedicated account manager.
Lastly, the Enterprise plan (a customized package) provides everything in the Pro pack, plus advance integrations with API, on-site onboarding and training, custom-designed cards, and custom analytics and reporting.
Leading digital loan marketplace Lendingpot connects SMEs to its network of 45 lenders comprising relationship managers from banks, financial institutions, and private and peer-to-peer lenders in Singapore for free. It aims to help SMEs overcome the information asymmetry problem and lack of transparency prevalent in the SME financing sector by offering SMEs financing options such as business term loans, property loans, revenue-based financing, credit lines, working capital loans, bridging loans, invoice financing, and more.
Apply for a loan through our digital business loan marketplace and instantly connect with 45 financial institutions for free!
Belinda loves thinking about random stuff, and collecting useless bits of facts and trivia. She often roots for the underdog, and believes the world needs more happy endings.
