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 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 unauthorized 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 categorize 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 compliant and in budget.
Effortless categorization. AI suggests the right accounting categories, leaving less typing and fewer mistakes.
Create your Global Business Account today
The free trial lasts 60 days. The savings last forever.
The one thing we canʼt automate? You, clicking the free trial button. You have nothing to lose and so much time and money to gain.
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, vendor payments, so you can efficiently manage your spending all in a single dashboard.
This improved visibility of all your expenses can help you optimize 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.
Can I still use the expense management tools in OFX with an external corporate card?
Yes. Even if you don’t use our OFX 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 Corporate 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 QuickBooks?
Yes. You can connect our spend management solutions to QuickBooks 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.
- Read the acknowledgment and confirm.
- Follow the on-screen instructions to authorize the integration with QuickBooks.
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.
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Control starts here. See OFX Spend Management in action.