Spend Management
Control spend globally. Before it happens.
One spend management platform for every payment. Everywhere.
Streamline accounts payable, employee expenses, payments, and reimbursements. Effortlessly manage across entities and geographies from a single system.
Free employees from tedious finance processes while increasing control and visibility of spending.
Capture receipts on-the-go with the OFX Business App for fast, easy submissions.
See real-time spend data with visibility of individual transactions instantly.
Stay on top of company spend with a single source of truth.
Set spending limits globally.
Issue Corporate Cards (coming soon) with custom spend limits and category restrictions, so every transaction follows your policies automatically.
Real-time expense reconciliation.
Sync employee card transactions for automatic merchant identification, reduce the risk of unauthorised spend and 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. Everybody wins.
Track and categorise every dollar.
General Ledger coding made easy. Map every dollar and cruise through reports and audits. Save time and reduce errors. Keep your accounts clean and compliant.
Spend automation that saves hours.
Save time on processing business expenses.
Let AI and smart workflows take manual expense work off your plate. Spend time where it counts.
Upload or email expense receipts and let OFX AI automatically match to the correct card transaction. No typing, no manual entry.
Set your workflows and controls or let AI suggest new automations. Put them on autopilot and keep every payment complaint and on budget.
Effortless categorisation. AI suggests the right accounting categories, leaving less typing and fewer mistakes.
Create your Global Business Account today
Get started for free today.
The saving lasts forever.
You have nothing to lose, and so much time and money to save. Your all-in-one control platform is ready.
Spend Management FAQs
What are the benefits of using spend management software?
Our spend management software seamlessly integrates components such as cross-border payments, employee expenses, bills and vendor payments, so you can efficiently manage your spending 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 your employees are a user on our Full Suite plan. Using the same approval workflow, you can upload the receipts, code the expense, and reimburse your employee without leaving the platform.
Is the OFX spend management tool compatible with QuickBooks Online and Xero?
Yes. You can connect our spend management solutions to QuickBooks Online or Xero through the OFX Global Business Account by following the below steps:
- Log in to your OFX Global Business Account.
- Click on “Setup” from the left sidebar menu.
- Click on “Integrations” from the dropdown menu.
- Click toggle to connect to QuickBooks Online or Xero.
- Read the acknowledgment and confirm.
- Follow the on-screen instructions to authorise the integration with QuickBooks Online or 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. Learn more about our available integrations here.
Trust earned daily.
Control starts here. See OFX Spend Management in action.