Payhawk is a provider of financial solutions, including expense and invoice management, reimbursements, bill payments, and integrations. The company issues company cards to help users manage their expenses by combining credit cards, payments, expenses, and cash into a single integrated experience. This can include virtual and physical cards and allow users to pay bills, reimburse employees without cards, and automate data entry and reconciliation.
Payhawk was founded in 2018 by CEO Hristo Borisov, CTO Boyko Karadzhov, and CFO Konstantin Dzhengozov. The company has offices in New York, London, Berlin, Barcelona, Paris, Amsterdam, and Sofia. Customers of Payhawk have included LuxAir, Gtmhub, Wagestream, LloydsDirect, Heura, and Scalable Capital.
Payhawk offers users company cards, including Visa Credit and Visa Debit cards. The cards allow companies to set built-in limits, policies, and rules and apply them to individual and team cards. Controls of cards can be updated or changed in real time, along with freezing or issuing new ones as needed. Managers can keep on top of spending as it happens, and teams can bulk manage cards to increase simplicity in expense management.
The expense management solution offered by Payhawk allows users to track business expenses and transactions as they occur and offers insights into company spending, helping with planning and forecasting. Further, when paired with the company cards issued by Payhawk, the expense management features allow users to place individual and team spending into business budgets and give individuals and specific teams budgets.
Payhawk offers invoice management so users can eliminate manual work with data extraction and reconcile the data from invoices in more than sixty languages and digitize bookkeeping.
Payhawk's solution allows users to monitor their subscriptions in a single place so they can see if they have any hidden costs or duplicate subscriptions and to ensure they are not paying for any services they do not otherwise require, all in a single place.
For businesses and their travel expenses, Payhawk can track mileage, per diems, and out-of-pocket reimbursements in a single place. This includes tracking employees and their spending while offering journey tracking and calculating the exact travel costs and reimbursement amounts. The platform also allows the business to track tax-deductible mileage expenses.
Payhawk - The financial system of tomorrow
January 21, 2021