Real-time controls, one unified platform.
Tired of chasing receipts or managing clunky manual workflows? With powerful spend management tools, you can set budgets, controls and approval workflows before money leaves the business, and easily reconcile with Xero or QuickBooks.
Stay focused on what matters. With full visibility into where every dollar goes, you can reduce waste, uncover cost-saving opportunities, and stay confidently on budget.
Stay on top of company spending with a single source of truth
Set spending limits globally
Issue corporate cards with custom spend limits and category restrictions, so every transaction follows your policies automatically. No more manual reviews or overspending.
Real-time expense reconciliation
Drowning in receipts? Sync employee card transactions with the platform for automatic merchant identification, reduced risk of unauthorised spend and eliminate manual expense reports.
Approval workflows that automatically flow
Bogged down by manual workflows or stuck waiting for approvals? Set workflow approval rules that are easy to follow so everybody wins.
Track and categorise every dollar
General Ledger coding made easy. Perfectly map every dollar, so you can cruise through reports and audits, helping you save time and reduce errors. Sync data with Xero and QuickBooks.
Not all features are available on all plans, check the Pricing Plan to learn more.
Free your team from busywork with effortless expense management
End-of-month receipt chasing is a headache for finance teams.
Eliminate the hassle with in-app receipt capture and automatic data extraction.
Employees just snap a photo and the platform handles the rest. No more paper piles or finance detective work. Every expense is tracked and reconciled in real time, whether you’re on the road, travelling, or meeting with a client.
Manage spend, payments, permissions, currencies… all in the Control Hub.
Finally, all your expenses and payments can be managed in a single, time-saving system. One login. One screen. Total control.
Real-time visibility for faster, data-backed decisions
View team spending in one place, directly tied to your corporate cards and dig into transaction details whenever you need.
With full visibility into where money is going, you can reduce waste, spot cost-saving opportunities and stay confidently on budget.
Ready for simplified spend management?
Join 37,000+ businesses globally regaining control with OFX today
Simplify your business financial operations in one platform and save time and money.
Spend Management FAQs
What are the benefits of using spend management software?
By using our spend management software, you can efficiently manage your spending processes. It seamlessly integrates components such as cross-border payments, employee expenses, bills, vendor payments – all in a single dashboard.
This improved visibility of all your expenses can help you optimise your budget and identify any cost-cutting opportunities.
Can I reimburse my employees for out-of-pocket expenses?
Yes. You can do this as long as they are a user on any of the OFX Business Plus or Custom plans. Using the same approval workflow, you can upload the receipts, code the expense, and reimburse your employee without leaving the platform.
Can I still use the expense management tools in OFX with an external corporate card?
Yes. Even if you don’t have our Corporate Card, you can still upload all your receipts into our system and export them into your accounting platform.
However, to enjoy the full benefits and a more seamless process, using our card allows you to manage your spending, expenses and approvals all in one place, giving you more visibility on your spending.
Is the OFX spend management tool compatible with Xero?
Yes. You can connect our spend management solutions to Xero through the OFX Business Account by following the below steps.
- Log in to your OFX Business Account.
- Click on “Setup” from the left sidebar menu.
- Click on “Integrations” from the dropdown menu.
- Click toggle to connect to Xero.
- Read the acknowledgment and confirm.
- Follow the on-screen instructions to authorise the integration with Xero.
Is the platform compatible with other accounting or Enterprise Resource Planning (ERP) platforms?
Yes. You can export data from your OFX Business Account as a CSV file and import it into your accounting platform.
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