Spend management made simple
Get better visibility of your finances across your entire business. View every supplier bill, approval history, currency rate and payment status in one place.
Get more control with our spend management solution
More control of your expenses
Easily pay for an expense, upload your receipt and submit it for approval. Keep track of all your business expenses in a single platform and view them in real-time.
Set budgets for teams and projects
Track and enforce spending limits for teams or projects. Set clear spending expectations and limits to prevent overspending and make more informed financial decisions.
Manage your vendors’ costs
Ensure your expenses are aligned with your business objectives and reduce the risk of fraudulent activity or other unauthorised expenses.
Integrated with employee cards
Our platform is integrated with every card transaction and offers automatic merchant identification to help you save time.
Ready to get started? Create your free account now.
Gain real-time visibility of all your business expenses
The OFX Business Account comes with a comprehensive expense management platform that’s directly tied to your corporate multi-currency cards, giving you greater control of your employee’s or team’s spending.
A Corporate Multi-Currency Card that takes you worldwide
No more card sharing or spending hours tracking down payment reasons. Assign, pause, and cancel cards anytime you want. Built-in fraud protection helps reduce the risk of fraud and consolidate all your business and employee expenses for seamless tracking.
Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
Manage your global spending effortlessly
Assign, monitor and adjust spend for different teams and projects. Set clear spending expectations and limits, so you know your employees won’t go over budget again.
Pay your global staff on time, all the time
Built to support a global workforce, pay your staff in any of the currencies available in your OFX Business Account with just a few clicks.
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.
Does the OFX spend management solution include expense management tools?
Yes. Our spend management solution includes expense management tools to help track all your approvals and your domestic and international business spend in a central place, so you don’t have to switch across different systems.
With a Business Plus plan, you can access our spend management solutions. Pay bills locally or globally in one account. Or track your budgets by allocating OFX Cards with different budget limits for your departments, teams, and individuals and monitor their spending over time.
This streamlines the process of managing employees’ expenses, ensuring timely approvals and accurate record-keeping.
Can I reimburse my employees for out-of-pocket expenses?
Yes. You can do this as long as they are a user on your OFX Business Account. 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 OFX expense management tools with an external corporate card?
Yes. Even if you don’t have an OFX 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, having the OFX Card allows you to manage your spending, expenses and approvals all in one place, giving you more visibility on your spending.
How much does it cost?
Our Business plan allows you to get started with the basics of spend management tools such as cards, payments, FX, batch payments, card funding, budgets and bank feed for up to 3 users.
Our Business Plus plan allows you to enjoy more benefits such as managing approvals, expenses, bills and payroll. Learn more about our plans.
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.
We’re working on integrating other accounting packages with our platform, which will be available soon.
Want to learn more?
Gain more control and time with streamlined accounts processes – all from a single platform. Get started for free with a Business plan. Or enjoy more features in our paid Business Plus plan with a 30-day free trial.
