Year-end is fast approaching and here at Float we’re continuing to roll out features to help you manage company spend efficiently. From new security measures to ensuring your heard-earned money works even harder for you, November saw exciting additions to spend management with Float. Read on to learn what’s new in the platform.
Float’s New Notifications Centre 🔔
With so much on-the-go for the Finance Team, staying in the loop is a necessity for managing company spend. We’ve been listening to your feedback and we’re thrilled to introduce enhancements that puts the reins of your company’s spend management notifications firmly in your hands. You’ll now have greater autonomy and choice over which notifications you receive (and who at the company receives them). Whether it’s account updates, approval requests, or daily receipt reminders, you can now cherry-pick the notifications that truly matter to your business. We’ve also introduced some new notifications to help you better stay on top of your Spending Power in Float:
- Choose to keep all Admins in the loop, so your team doesn’t lose visibility if a Primary Admin is out of office
- Get notified about Spenders’ card declines, so you can ensure critical business payments go through on time
- Set custom thresholds and be alerted when Spending Power falls too low, so you always have enough cash on hand to pay vendors
Check out your updated Notifications Centre today and easily manage your notifications, so they best match your company’s workflows.
Now Earning 4%
As of December 1st, we’re making your dollars work even harder for you. Float customers are now earning 4% interest on their CAD and USD cash balances. The best part? There’s no need to lift a finger – your existing Float Accounts for your pre-funded cards automatically kick into earnings mode. Similar to cashback* your well-deserved rewards will be paid out like clockwork on the first of each month. Keep an eye on your inbox for a special rewards email on January 1st and in the meantime feel free to log in to your Banking Hub anytime to see your company’s earnings to-date.
Putting Security First: Float is Now PCI-DSS Certified
At Float we believe that your financial security comes first. Following our recent SOC 2 Certification, we’re proud to announce another significant milestone – Float is now officially PCI-DSS Certified. What does that mean for you? In simple terms, it signifies that Float adheres to the highest standards of security in the storage, processing, and transmission of cardholder data. We stand tall as one of the few Canadian financial technology companies with both SOC 2 and PCI-DSS certificates, highlighting our commitment to your security every step of the way. We hope you choose Float not just for a faster month-end, but for the peace of mind that your financial data is in safe hands.
A Faster November Month-End
The updates to your financial management journey don’t stop at new notifications and earnings. We’ve also continued to simplify your accounting processes for a faster month-end. We hope with these latest enhancements, closing November’s books have never been smoother:
- Spenders can now add receipts to transactions at any time
- Additional Docs are easily viewable and updatable
- Re-exporting transactions to QBO or Xero at month-end? No more duplicates – the original transaction gets updated seamlessly
Spend less time on administrative tasks and more on what truly matters. A final reminder that your old Ready to Export page is going away December 15th. If you haven’t used the new Transactions Export page in your Accounting Hub yet, this is your sign to try it out!
Until Next Time 👋
As we approach year-end, precision, control and efficiency become bigger themes for Finance teams. At Float, we’re excited to continue to unveil new updates that are redefining spend management. Whether it’s with our new accounting automations or flexible spend notifications, we want to alleviate the stresses your team encounters in their day-to-day. If you’re not a Float customer (yet) signing up is simple. Get started for free or book a demo to connect with our sales team. Happy managing, finance professionals!