Company Research Report: Budgetly

Company Overview

• Name: Budgetly

• Mission: Empower employees with autonomous, controlled spending while automating the spend management process.

• Founded: No information is available

• Founders: No information is available

• Key People:

• Simon Mendelawitz, CEO, JOOB Travel Company

• Kevin Fisher, COO/CFO, Rezdy

• Adam Shnider, Head of Finance, Carer Solutions

• Dale Simmich, Chief Administrator, ActsCare Group

• Ashana, Senior Finance Manager, Manning Support Services

• Judy O’Leary, Director, Hillsborough OOSH

• Headquarters: Queensland, Australia

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Budgetly is known for its innovative approach to expense management, offering solutions that eliminate the complexity of managing corporate expenses and allowing for better financial control through budget setting, expense tracking, and real-time synchronization with accounting software like Xero.

Products

Expense Management Platform

• Description: Budgetly provides a comprehensive platform that facilitates efficient spend management through automated tools.

Key Features:

• Budget Control: Set and manage budgets directly on the platform, with rules encoded into employee cards.

• Expense Tracking: Real-time tracking of spending, capturing of receipts instantly via mobile apps.

• Card Issuance: Ability to issue virtual or physical corporate cards to employees, enabling controlled and flexible spending.

• Automation: Automated processes that eliminate manual data entry, saving significant administrative time.

• Integration: Seamless integration with Xero accounting software to ensure consistency across financial platforms.

• Security: Equipped with two-factor authentication and 256-bit encryption to protect against fraud.

Recent Developments

• New Feature: Xero Integration

• Budgetly now allows for seamless integration with Xero accounting software, enhancing the efficiency and accuracy of financial management.

• Recognition:

• Nominated for the 2024 LearnX Awards for Best HR Talent Management in Remote Working.

• Additional Partnerships/Expansions:

• No specific new partnerships mentioned, but there is general growth and integration with platforms like Xero.

Testimonials

Budgetly customers report significant improvements in spend management efficiency and satisfaction, including:

• Simon Mendelawitz, CEO of JOOB Travel Company, appreciates the ease of acquiring prepaid corporate cards.

• Kevin Fisher, COO/CFO of Rezdy, highlights the automation and time-saving features.

• Ravi Bhatt from Sunrise2Sunrise Community Care commends the cost-effectiveness and usability.

• Ben Dixon, Director of Hunt & Dixon Surveys, notes nearly complete resolution of staff expense issues with Budgetly.

• David Killpack, Owner of Project E2, states a significant increase in control over staff expenses with Budgetly.

Conclusion

Budgetly offers a robust expense management solution that addresses complex financial tracking needs through automation, real-time visibility, and secure processing. The integration with Xero and focus on reducing administrative burdens has received positive responses from the Australian business community. The platform is particularly suitable for organizations seeking to automate and streamline their spend management processes with a focus on security and real-time tracking.