Float
Float is a comprehensive spend management platform designed for businesses, particularly in the Canadian market. It offers a range of financial tools to streamline expense management, making it essential for organizations aiming to improve their financial operations.
A key feature of Float is its ability to issue corporate cards to employees, enabling real-time expense tracking and ensuring compliance with company policies. This promotes accountability and transparency in spending.
Float also simplifies financial workflows by integrating bill payments and reimbursements, reducing the complexity of managing multiple tasks and allowing organizations to focus on core operations.
Additionally, Float seamlessly integrates with existing accounting software, minimizing manual data entry and enhancing the accuracy of financial records.
With advanced reporting and analytics tools, Float provides critical insights into spending behaviors, helping businesses make informed financial decisions, monitor budgets, and identify cost-saving opportunities.
- Year Founded: Established in 2019
- CEO: The company is led by CEO Rob Khazzam
- Headquarters: It’s headquartered in Toronto, Canada.
Why choose FloatCard?
- High-Limit Corporate Cards:
- Empower Your Team: FloatCard allows businesses to issue corporate cards with high limits and no personal guarantees. This means your team can make necessary purchases without the usual financial constraints, enhancing operational efficiency.
- No Personal Liability: By eliminating the need for personal guarantees, FloatCard reduces the financial risk for individual employees, making it a safer option for corporate spending.
- Real-Time Visibility:
- Instant Insights: With FloatCard, you get real-time tracking of all transactions. This feature provides instant insights into your spending patterns, helping you make informed financial decisions.
- Intuitive Reports: The platform offers user-friendly reports that break down expenses, making it easier to analyze and manage your budget.
- Automated Bookkeeping:
- Streamlined Processes: FloatCard automates bookkeeping tasks, reducing the need for manual data entry. This not only saves time but also minimizes errors, ensuring accurate financial records.
- Simplified Month-End: The automation features help streamline month-end processes, making financial reconciliation faster and less stressful.
- Cashback and Interest:
- Financial Benefits: FloatCard offers 1% cashback on card spend, providing a direct financial benefit for your business. Additionally, you can earn 4% interest on funds held in Float, maximizing your returns.
- Cost Savings: These financial incentives can lead to significant cost savings over time, making FloatCard a cost-effective choice for managing business expenses.
- Trusted by Leading Companies:
- Proven Track Record: FloatCard is trusted by thousands of leading Canadian companies. This trust is built on the platform’s reliability, efficiency, and the tangible benefits it provides.
- Customer Satisfaction: The positive feedback from existing users highlights FloatCard’s effectiveness in simplifying and optimizing business spending.
How to setup account?
- Visit the FloatCard Website:
- Go to floatcard.com and click on the “Sign Up” button.
- Register Your Business:
- Fill in the required details about your business, including your company name, address, and contact information.
- Provide any necessary documentation to verify your business identity.
- Create Your Account:
- Enter your email address and create a secure password.
- You will receive a confirmation email. Click on the link in the email to verify your account.
- Invite Team Members:
- Once your account is set up, you can invite team members to join. Enter their email addresses and assign appropriate roles and permissions.
- Link Your Bank Account:
- Connect your business bank account to FloatCard. This will allow you to fund your FloatCard account and manage transactions seamlessly.
- Follow the prompts to securely link your bank account.
- Create Corporate Cards:
- Issue physical or virtual corporate cards for your team members. You can set spending limits and controls for each card.
- Cards can be used immediately for business expenses.
- Set Up Multi-Factor Authentication (MFA):
- For added security, enable Multi-Factor Authentication (MFA) on your account. This will require a second form of verification when logging in.
- Automate Bookkeeping:
- Configure your account to automate bookkeeping tasks. This includes setting up integrations with your accounting software to streamline financial processes.
- Start Using FloatCard:
- Once your account is fully set up and verified, you can start using FloatCard for your business expenses. Monitor transactions in real-time and take advantage of the platform’s features to manage your spending efficiently.