UK-based expense management platform Soldo been named Crown Commercial Service supplier in the UK to support it with its platform and pre-paid card capability. By introducing Soldo, local government entities will be able to ring-fence the funds they receive from central government to support citizens through a range of initiatives aimed at alleviating the cost of living crisis.

By providing vulnerable communities with prepaid cards, local authorities will be able to disburse and load funds directly, and instantly, to those in need. For citizens, this means they can receive fast, easy, and secure funds to spend on food, services, and travel - without the hassle of waiting for bank transfers or vouchers to arrive. Better managing expenses For relevant government entities, access to a PrePaid Card system through one single platform will enable them to track, manage, and analyse spend effectively, ensuring that the funds are distributed to those in need.

Removing these manual processes government entities can speed up execution and gain access to real time data insights on spend. As such, they can quickly and securely transfer funds and spend time understanding data to provide relevant support for citizens and the wider community. Company officials stated that traditional food vouchers and regular prepaid cards are often too slow and cumbersome to be effective, especially during the current economic situation in the UK.

Soldo’s infrastructure is agile enough to be rapidly adapted to the needs of local authorities. They are happy to be chosen as a Crown Commercial Service supplier - helping local authorities and other government agencies benefit from Soldo technology. Commenting on why Soldo has been chosen, representatives from the Crown Commercial Service said that Soldo were selected as one of 5 suppliers for Lot 2 Prepaid Cards by Crown Commercial Service because of its simple yet effective capabilities to distribute funds, but also its ability to track, manage and analyse spending.

The prepaid cards can be used in a wide range of shops, large and small retailers, and customers are able to reload the cards with funds, as needed, at no cost. Soldo provides a positive solution for citizens in need and local authorities experiencing budget cuts in the current climate. More information on Soldo Soldo is the European pay and spend automation platform that combines smart company cards, issued by Mastercard, with comprehensive management software.

More than 30,000 companies, from small businesses to multinational corporations in more than 31 countries, use Soldo to track and control spending. Headquartered in the UK, with additional offices in Dublin, Milan, and Rome, Soldo augmentscustomers including Mercedes Benz, GetYourGuide, Bauli, and Brooks Running to spend company money on travel and entertainment, advertising, purchases, software subscriptions, ecommerce, and more. Financial decision-makers can control every cost with custom budgets and real-time tracking of transactions.

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