The Howdy Glossary

Pleo is an expense management software that automates expense report generation and simplifies employee spending through pre-paid company cards managed via a central dashboard. Employers fund these cards with set limits and restrictions, enhancing control over budgets and policy compliance. Employees can make purchases, categorize spending on-the-go, upload receipt images for verification, and generate real-time reports, streamlining purchasing processes and ensuring financial transparency.

Founded by Jeppe Rindom, a former McKinsey consultant, and Niccolo Perra, a former Mastercard employee in 2015, Pleo aims to revolutionize expense management by simplifying employee spending and automating reporting processes. By providing pre-paid company cards controlled through a centralized dashboard, the platform allows for efficient budget management and compliance with company policies. Its intuitive interface enables employees to perform essential tasks such as categorizing spendings and generating real-time reports seamlessly.

Pleo faces competition from other providers like Expensify, Concur, and Zoho Expense but stands out due to its unique features such as pre-paid company cards with centralized control. This approach offers unparalleled budget control through customizable spending limits while enhancing financial transparency with real-time tracking. Pleo's user-friendly design makes it an ideal choice for businesses aiming to optimize their financial operations efficiently while improving compliance with corporate policies.