Soldo vs Fyorin
Payhawk vs. Fyorin: Spend Management & Financial Operations Comparison
When selecting a platform for spend management and financial operations, evaluating Fyorin and Payhawk’s capabilities will help you determine the best fit for your business. While both platforms offer card issuance, expense management, and ERP connectivity, Fyorin extends beyond Payhawk's offering by providing a more comprehensive solution with in-platform treasury management, end-to-end payables with global payment capabilities, and direct access to financial institutions, reducing both costs and complexity for global businesses.Virtual & Physical Cards | ||
High initial limit for card spend | ||
Unlimited card issuance | ||
Cash rebate on card spend | ||
Flexible linking of virtual and physical cards | ||
Acceptance at low-cost airlines | ||
Expense Management | ||
Reimbursements | ||
ERP integration | * | |
Multi-entity management | ||
Treasury & cash visibility | ||
FX management | ||
In-platform payment execution | ||
Automated payables | ||
Automated receivables | ||
API capabilities | ** | |
Soldo is a spend management platform focused on helping businesses improve control over company expenses. Known for its customisable cards, Soldo allows businesses to create dedicated cards for specific use cases, including subscriptions, fuel expenses, and petty cash and manage them remotely, as well as track expenses in real-time. Soldo’s pricing starts at 21 GBP per month on its Standard Plan. Enterprise-level capabilities and ERP integrations are restricted to higher plans, which some businesses may need as they grow.
Cash Rebates on Spending
While both Soldo and Fyorin offer virtual and plastic cards for business spend, Fyorin’s cards stand out with a unique cash rebate feature. This means that businesses earn rewards every time they spend, turning day-to-day expenses into a valuable revenue stream and effectively lower operational costs over time. Soldo does not currently offer any cash-back or rebate incentives, making Fyorin’s cards an excellent choice for companies looking to improve their bottom line.
Advanced Virtual Card Flexibility
Both Fyorin and Soldo offer customisable virtual and plastic cards, but Fyorin’s virtual card features are more suitable for businesses requiring greater scalability. Unlike Soldo, which limits card issuance to 30 cards on its Standard Plan, Fyorin allows for unlimited card creation, making it well-suited for companies planning to expand. Fyorin’s cards offer initial spending limits of over €250,000, making them suitable for larger, high-value payments (e.g., taxes, hosting expenses) without the need for additional approval processes. Dedicated merchant cards also provide businesses with greater control over targeted expenses, such as subscriptions or supplier payments.
Integrations
While Soldo’s accounting and ERP integrations (including Netsuite, SAP, and Dynamics) are available only on certain tiers, Fyorin offers the full suite of integrations, including Xero, QuickBooks, and Sage, as well as popular ERP systems like Netsuite and Microsoft Dynamics, across all pricing plans. This means that businesses of all sizes can fully leverage Fyorin’s expense management solution and seamlessly integrate it into their existing workflows.
Comprehensive Financial Operations Platform
Fyorin goes beyond Soldo’s expense management capabilities by providing a full suite of financial operations tools, including automated accounts payable and collections, as well as global payments in 100+ currencies, all from the same platform. Automated AP and AR workflows allow businesses to handle bills and invoices efficiently, while direct payment capabilities in 100+ currencies ensure quick and cost-effective transactions. Unifying all core financial operations in one tool saves time on implementation, setup, and training, while reducing subscription fees. In contrast, Soldo users would still need to source additional tools for other financial operations if required.
