The hidden cost of expense reports

Do you know how much manual expense reporting is costing your business?

Try our calculator to see how much time and money you could save.

Calculate your savings

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Estimated annual savings with Soldo

*How are your savings calculated?

These savings are calculated based on various data points such as the average time spent processing expenses (45 minutes for employees per report!) and T&E spend as a percentage of annual revenue. See all our sources in the table below:

% of people in company filing expense reports

22.5% of employees file expenses

Number of expense reports per filer/month

Average 1.33 per employee

Average hourly wage

£14.80 (median hourly wage UK 2019)

T&E spend as % of annual revenue

1% travel spend as a % of annual revenue

Finance team processing time per report

Employee filing time per report

Decrease in T&E budget

About Soldo

Soldo lets you take control of company expenses, save hours on finance administration and gain valuable insights into spending patterns within your business. With Soldo, finance teams can empower employees to buy what they need to do their jobs, while addressing the limitations of corporate cards, employee reimbursements, petty cash and more.

Automate the expense management process, and achieve greater control of the bottom line with real-time visibility over company-wide spend.

Find out more about saving with Soldo today