Payhawk, the global spend management solution, today released its Spring’24 edition including more than 15 new platform features, making it even easier for companies to manage and control spending at scale.

“I’m delighted to announce our Spring’24 edition, which is packed with features to make it even easier for businesses to manage and control their spending. The focus of this release was adding more flexibility, control and innovation to our world-class corporate cards”, said Hristo Borisov, CEO and Co-founder of Payhawk. “We remain committed to offering our clients the most sophisticated corporate cards on the market”, continued Hristo.

With the release of Visa credit cards in euros for new customers throughout the European Economic Area (EEA), Payhawk is now a single platform businesses can use to easily issue and manage Visa credit and debit cards in multiple currencies throughout the UK, US and the EEA. All Payhawk cards include automatic reconciliation and built-in spend controls to proactively control spending before it happens. With this release, a greater range of card control options is available, allowing finance teams to define even more flexible and granular controls. For example, businesses can now limit card spending to pre-approved vendors, categories of merchants, countries, regions, times and days of the week.

59 new integrations with HR systems such as Workday, Personio, BambooHR, Hibob and SAP SuccessFactors further increase the control and security businesses have on card spending. The integrations sync your company spending with your master employee data, automating the onboarding and offboarding of employees with the appropriate spending controls, and ensuring compliance is maintained, even at large organisations with frequent starters and leavers.

In addition to the new card features, Payhawk released over 10 features to enhance controls and automation, including scheduling invoice payments for streamlining payment runs, segregation of payment duties to enforce the four eyes principle, and a new custom-built AI model to improve data extraction from documents in more than 65 languages.

Finally, Payhawk has enabled third parties to build vetted connected applications by opening up its platform APIs, and launches its first marketplace integrations with ERP systems Odoo and Exact Globe.

“I’m delighted to announce our plans for a Payhawk marketplace, where third parties can build vetted connected applications for our customers. This ultimately enables us to deliver even more value for clients by working with trusted external parties to rapidly grow the number of use cases we provide. This is critical to best address the needs of our diverse client base and harness the power of developers that can contribute with deep localization features.” said Hristo Borisov.