Why is Spendesk different from a traditional banking institution?
Spendesk is a Spend Management solution that:
through its division Spendesk Financial Services, a payment institution licensed by the ACPR in France, allows customers in the EU Market to maintain a payment account and use payment solutions, including card and wire payments.
through its partnership with Adyen, a UK-based Credit institution, allows UK customers to also hold a payment account and use payment solutions, including card and wire payments.
We provide a payment solution to companies. However, a Spendesk account is not a "classic" business bank account. It is a payment account with the following distinctive features:
The balance of the account cannot be negative.
We do not offer loan possibilities.
In what are they similar?
This does not prevent your Spendesk account from facilitating the daily work of your teams by offering you the possibility to:
order payment cards for your teams via the platform.
Instantly generate virtual cards to pay for your online purchases or subscriptions.
Control expenses by setting payment limits for each user.
Reimburse employee's expense claims from the Spendesk account.
Download your transaction history (and receipts) to facilitate your accounting operations.
Invite your accountant on the platform (with a dedicated Controller view)
Centralize your numerous invoices & receipts, along with contact information, bank details...