Payhawk Review
Comprehensive review and analysis of Payhawk's digital banking services
Quick Facts
- Founded
- 2018
- Head Office
- United Kingdom
- Active Customers
- 1,000+
- Total Funding
- €215 million
- Employees
- 300+
- App Store Rating
- 4.6/5
Pros & Cons
Pros
- Integrated expense management
- Smart company cards
- Automated bookkeeping
- Real-time spending control
- Invoice processing
- Multi-entity support
Cons
- Business-only platform
- Higher pricing tiers
- Complex implementation
- Enterprise focus
Supported Countries
- United Kingdom
- European Union
Fees
- Scale Plan Custom pricing
- Growth Plan Custom pricing
- Enterprise Plan Custom pricing
- Card Issuance Free
- Foreign Transactions Included in plan
Overview
Payhawk has revolutionized business expense management since 2018. Their platform combines smart company cards with comprehensive expense management tools, helping businesses automate their financial operations.
Key Features
Expense Management
- Smart company cards
- Receipt capture
- Invoice processing
- Expense tracking
- Policy enforcement
- Approval workflows
Business Tools
- Multi-entity support
- Team management
- Spending analytics
- Reporting tools
- Budget control
- Cost allocation
Integration Features
- Accounting software
- ERP systems
- Banking connections
- API access
- Custom exports
- Data synchronization
Payment Features
- International payments
- Batch processing
- Payment scheduling
- Direct debits
- Standing orders
- Currency management
Security Features
- Bank-level encryption
- Two-factor authentication
- Role-based access
- Transaction monitoring
- Fraud detection
- Compliance tools
Customer Support
- Dedicated manager
- Technical support
- Email assistance
- Help center
- Training resources
- Implementation support
Verdict
Payhawk excels in providing comprehensive expense management solutions for businesses. Their combination of smart company cards and automated expense management makes them particularly valuable for larger organizations looking to streamline their financial operations.
While the platform requires significant implementation effort and comes with higher pricing tiers, the automation and control features often justify the investment. The main limitations are the enterprise focus and complex setup process, but for businesses seeking sophisticated expense management, Payhawk offers an excellent solution.