Float Financial Solutions
Float Financial Solutions offers corporate cards with no personal guarantee, high-yield accounts, and comprehensive expense management tools, including a mobile app and real-time reporting.
Corporate Cards with No Personal Guarantee
Float Financial Solutions offers corporate cards that do not require a personal guarantee. This feature allows businesses to separate personal and business finances, ensuring that owners and employees are not personally liable for corporate card expenses. The cards can be both physical and virtual, providing flexibility and convenience for employees. These cards support transactions in both CAD and USD and come with custom card limits and merchant category restrictions to help businesses manage spending effectively.
High-Yield Accounts and Savings Calculator
Float Financial Solutions provides high-yield accounts that earn 4% interest on cash balances in both CAD and USD. This product aims to maximize the returns on idle cash for businesses. Additionally, the company offers a savings calculator designed to help businesses estimate potential savings, which can average around 7% on their spending. The combination of high-yield returns and cost-saving tools makes Float Financial Solutions a compelling option for financial efficiency.
Expense Management Software and Mobile App
Float Financial Solutions features robust expense management software that integrates with leading accounting platforms such as QuickBooks Online, Xero, and NetSuite. The software includes functionalities like automated receipt collection and matching, multi-level spend requests and approvals, and real-time reporting and insights. The company also provides a mobile app for on-the-go expense management, allowing users to manage expenses conveniently from anywhere.
Enterprise-Level Security and Fraud Prevention
Float Financial Solutions ensures enterprise-level security for its corporate financial products. The company uses advanced fraud detection and prevention protocols to protect sensitive financial data. Partnering with Tier 1 Canadian banks, Float holds customer funds in dedicated accounts to provide an extra layer of security. These measures collectively mitigate risks associated with financial transactions and safeguard customer assets.
Integration and Automation
Float Financial Solutions emphasizes seamless integration and automation to streamline business operations. The company's products integrate with popular accounting software such as QuickBooks Online, Xero, and NetSuite. Automated features include receipt collection and matching, spend requests and approvals, and accounting automations, reducing manual workload and improving accuracy. These integrations and automations help businesses optimize their financial processes efficiently.