Rydoo

About Rydoo

Rydoo is an expense management platform that enables real-time expense tracking and submission through a mobile app, integrating with corporate cards for automatic transaction matching. It provides financial teams with visibility and control over employee spending while ensuring compliance with local regulations, significantly reducing administrative workload and processing time.

```xml <problem> Many companies still rely on manual or outdated systems for expense management, leading to inefficiencies, errors, and a lack of real-time visibility into employee spending. This results in increased administrative overhead, delayed reimbursements, and difficulties in ensuring compliance with company policies and local regulations. </problem> <solution> Rydoo offers a cloud-based expense management platform that automates the entire expense lifecycle, from initial capture to final reimbursement and reconciliation. The mobile app allows employees to easily submit expenses, track mileage, and manage per diems on the go. Corporate card integration automatically matches transactions to expenses, while customizable approval workflows streamline the review process. Rydoo provides finance teams with real-time visibility into spending patterns, automated compliance checks, and seamless integration with existing ERP, HR, and accounting systems. </solution> <features> - Mobile app for expense submission, mileage tracking, and per diem management - Corporate card integration for automatic transaction matching - Customizable approval workflows with automated routing and notifications - Real-time expense tracking and reporting dashboards - Automated compliance checks with configurable rules and alerts - Smart Audit feature using AI to detect non-compliant and suspicious claims - Integration with over 35 finance, ERP, HR, and travel tools - Support for multiple currencies and languages - Automated expense report generation and submission </features> <target_audience> Rydoo targets businesses of all sizes, particularly those with employees who travel frequently or incur significant business expenses, and finance teams seeking to streamline expense management processes and improve compliance. </target_audience> ```

What does Rydoo do?

Rydoo is an expense management platform that enables real-time expense tracking and submission through a mobile app, integrating with corporate cards for automatic transaction matching. It provides financial teams with visibility and control over employee spending while ensuring compliance with local regulations, significantly reducing administrative workload and processing time.

Where is Rydoo located?

Rydoo is based in Mechelen, Belgium.

When was Rydoo founded?

Rydoo was founded in 2024.

How much funding has Rydoo raised?

Rydoo has raised 5700000.

Location
Mechelen, Belgium
Founded
2024
Funding
5700000
Employees
154 employees
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Rydoo

Score: 100/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

Rydoo is an expense management platform that enables real-time expense tracking and submission through a mobile app, integrating with corporate cards for automatic transaction matching. It provides financial teams with visibility and control over employee spending while ensuring compliance with local regulations, significantly reducing administrative workload and processing time.

rydoo.com20K+
cb
Crunchbase
Founded 2024Mechelen, Belgium

Funding

$

Estimated Funding

$5.7M+

Team (100+)

Tom Ceulemans

Unknown

Company Description

Problem

Many companies still rely on manual or outdated systems for expense management, leading to inefficiencies, errors, and a lack of real-time visibility into employee spending. This results in increased administrative overhead, delayed reimbursements, and difficulties in ensuring compliance with company policies and local regulations.

Solution

Rydoo offers a cloud-based expense management platform that automates the entire expense lifecycle, from initial capture to final reimbursement and reconciliation. The mobile app allows employees to easily submit expenses, track mileage, and manage per diems on the go. Corporate card integration automatically matches transactions to expenses, while customizable approval workflows streamline the review process. Rydoo provides finance teams with real-time visibility into spending patterns, automated compliance checks, and seamless integration with existing ERP, HR, and accounting systems.

Features

Mobile app for expense submission, mileage tracking, and per diem management

Corporate card integration for automatic transaction matching

Customizable approval workflows with automated routing and notifications

Real-time expense tracking and reporting dashboards

Automated compliance checks with configurable rules and alerts

Smart Audit feature using AI to detect non-compliant and suspicious claims

Integration with over 35 finance, ERP, HR, and travel tools

Support for multiple currencies and languages

Automated expense report generation and submission

Target Audience

Rydoo targets businesses of all sizes, particularly those with employees who travel frequently or incur significant business expenses, and finance teams seeking to streamline expense management processes and improve compliance.

Rydoo - Funding: $5M+ | StartupSeeker