Sanad Cash is a spend management platform that provides businesses with prepaid corporate cards, enabling real-time funding and expense tracking while integrating seamlessly with existing accounting systems. This solution addresses the challenge of financial oversight by offering full control over employee spending, enhancing compliance, and streamlining expense reconciliation.
Funding
$1.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
IFounders
Product
Problem
Many businesses struggle with tracking employee spending, managing corporate card usage, and ensuring compliance with financial policies. Traditional methods often lack real-time visibility and require significant manual effort for reconciliation and reporting.
Solution
Sanad Cash is a spend management platform that provides businesses with prepaid corporate cards and a cloud-based application to control expenses. The platform enables real-time funding of employee cards, automated expense tracking, and seamless integration with existing accounting systems. Admins can set spending limits, freeze or deactivate cards, and monitor transactions in real-time, while employees can easily upload receipts and submit expense reports through the mobile app. Sanad Cash streamlines expense reconciliation, enhances financial oversight, and reduces dependency on cash transactions.
Target Audience
Sanad Cash targets small to medium-sized enterprises (SMEs), corporations, and startups seeking to streamline expense management, improve financial control, and reduce administrative overhead.
Features
- Issue both virtual and physical prepaid corporate cards to employees.
- Set custom spending limits and rules for each card, with instant freeze/deactivate options.
- Real-time transaction tracking and reporting with automated notifications for all purchases.
- Mobile app for employees to upload receipts, add notes, and submit expense reports.
- Integration with accounting systems for automated reconciliation and streamlined bookkeeping.
- Intelligent scan feature for automatic data extraction from receipts.
- Employee wallet support for cash advances.
- Multi-level workflow approvals for expense reports.