Simple Pricing for Your Stage of Growth

Float’s financial platform is trusted by thousands of Canadian companies to save their teams time and money each month. 

From smart corporate cards with custom limits and controls to easy-to-use employee reimbursements, Float’s all-in-one approach to modern financial management benefits companies across industries and teams of all sizes. 

But while our customers’ average savings are the same (7%), their business needs are not.

We know that as our customers scale, their need for controls, custom automations, dedicated support, and financial flexibility have often grown alongside their operations. That’s why we’ve created simple and transparent plans on Float, built for Canadian teams of every size so you’re never paying for more than you need. 

Below is a breakdown of the features in Float’s three plans, so you can choose the one that works best for your stage of growth (or figure out when it’s time to upgrade). 

But first…

What is Float?

While Float offers corporate cards and reimbursements, we’re neither a bank or basic expense management software! 

If you’re with a Big 5, you likely know that banks tend to charge high annual card fees and have limited software – meaning manual expense reports and lengthy card reconciliations. While point solutions like expense software can help automate some pieces of the puzzle, they can be difficult to implement, have expensive per user costs, and still create delays in receipt collection and financial reporting. 

That’s where Float comes in. With unlimited virtual cards powered by custom limits and controls, finance teams can proactively enable team spending while getting real-time reporting and automated receipt collection. Paired with easy-to-use employee reimbursements, you can control your company spending in one platform and eliminate tedious administrative tasks.

No annual card fees and no steep per user costs. Float’s monthly plans scale from free to contract-based with optional integration add-ons, so you can choose a plan that best suits your business needs. 

The Essential Plan

Best For: Small teams looking to streamline receipt collection and accounting reconciliation. 

In a Nutshell

Float’s Essential Plan is free to use, offering small Canadian teams a simple way to manage company spend. The team can issue unlimited virtual corporate cards to the company’s spenders through single-level approvals, while streamlining receipt collection. Accounting is made simple either with seamless syncs to QuickBooks Online or Xero, or through Custom Exports. Get started for free.

Plan Highlights

  • 5 physical corporate cards
  • Up to 10 users and unlimited virtual corporate cards
  • Automated receipt collection and matching
  • Accounting sync with QuickBooks Online, Xero, 
  • Custom card limits and controls 

When to Upgrade

The team grows beyond 10 users and needs more complex approval and expense policies, as well as stricter card compliance. 

The Professional Plan

Best For: Growing teams looking to use custom approval workflows and spend controls to manage spend across the company (all while saving time). 

In a Nutshell

Float’s Professional Plan offers a fully integrated spend management solution for growing Canadian teams. You get everything in the Essential Plan (and more). Issue unlimited physical and virtual corporate cards to the team with custom multi-level approval workflows and smart card controls to prevent unwanted spend. Custom Submission Policies and Accounting Automations work together to code transactions for you and streamline the close process. The Professional Plan is $299 CAD a month. Start your free 30-day trial today. 

Plan Highlights – Everything in Essential, plus:

  • Up to 50 users and unlimited physical cards
  • Real-time reporting and savings insights
  • Multi-level spend requests and approvals
  • Card compliance rules for cardholders
  • Basic employee reimbursements
  • Pre-Funded one day transfers and Charge Card eligibility
  • Available to add on: HRIS and NetSuite integrations, SAML SSO 

When to Upgrade

The team grows beyond 50 users and now has more complex user management and security needs. 

The Enterprise Plan

Best For: Teams who have scaled, seeking a full suite of spend management features and financial flexibility. 

In a Nutshell

Float’s Enterprise Plan is the best option for Canadian teams who have scaled. Along with Float’s smart card corporate cards, accounting automations and customized spend management features, you’ll get white glove support with Float’s Implementation Team to migrate to Float with ease. As a larger business, you’ll also be assessed for faster underwriting, higher limits, and greater access to credit. To get our Enterprise Plan book a demo with our Sales Team. 

Plan Highlights – Everything in Professional, plus:

  • Dedicated onboarding team and premium ongoing support
  • HRIS integrations for user management
  • User provisioning and SSO
  • NetSuite integration with multi-entry support
  • Eligibility for Custom Charge Card Services terms with a dedicated underwriting team

Calculate your Potential Savings

No matter the plan, you’ll save through financial rewards, time savings, and efficiencies by eliminating unwanted spend. Calculate your ROI by moving to Float at the link below where we provide you with real customer-reported savings benchmarks compared against your existing solution.

Ready to Get Started?

Customers reported an average savings of 6.8% on their total spend with Float – and that’s just the beginning.*  To get Float for your team you can start for free on the Essential Plan, start a 30-day free trial of the Professional Plan, or contact sales to book a demo and learn more. Visit

*Based on a user survey. 

A Better Way to Manage your Company Subscriptions with Float

As teams adopt more and more software tools, you can imagine how often auto-renewal payments get mixed in with other charges on your corporate cards and go unnoticed.

A recent study found that most companies spend approximately $10,000 per employee per year on software subscriptions. 😯 With this amount of money being paid out to vendors on an annual basis, there’s a huge risk of missing questionable charges, hidden fees, or price increases. 

Pro tip: Looking at a list of your subscriptions is one of the best places to find cost savings! 💲

As a best practice, we recommend reviewing big ticket vendors and purchases regularly. Start by doing the following:

👍🏼 Ensure tools and platforms are being used

👀 Look for ways to control costs

💵 Set a budget and stick with it

Let’s go over how to review your current subscriptions to help you achieve greater accountability, transparency, and autonomy over company spending. 

Step 1: Make a list of your subscriptions ✏️

  • Create a spreadsheet listing all of your subscriptions, and be sure to include the team owner, cost, plan type and payment frequency and update it throughout the year

Step 2: Set up a virtual Float Card by vendor 💳

  • To make subscription payments easier, Float allows you to set up an unlimited number of virtual corporate cards for your vendors, which allows you to:
    • Assign daily, weekly, monthly, and yearly card limits
    • Instantly pause or cancel cards
    • Request and approve card top-ups
    • Automatically capture receipts and match to transactions
    • Track spending in real time

Step 3: Automate your subscription spend monitoring 🤑

  • Using Float’s Savings Insights to get monthly suggestions on how to save money on your company’s software spending and notifications of any unexpected billing increases, or double charges.
  • Monitor spending using our Reporting feature, to track spend trends over time and spot anomalies as they happen

Subscribe to Float’s management method 👀

There’s no doubt that we all love subscriptions – shoutout to Netflix! 🍿 When it comes to your business, they serve as a convenient way to pay for some pretty cool tools that support your day-to-day operations. But we also recognize that it can become overwhelming to manage these expenses at times. Luckily, Float’s virtual corporate cards can help. By assigning a virtual card per vendor, you’ll be able to stay on top of your monthly purchases and save money along the way. 🤩

To learn more about our smart spend software and how we can help you improve the way you manage your company’s subscriptions, book a demo with us today! Our team is happy to walk you through all of our incredible features.

Get export-ready faster with Float’s Accounting Workboard

In 2023 we launched our new Accounting Hub for customers – a central spot to streamline their month-end process within Float. We introduced Transaction Exports to give finance teams easy-to-use workflows to export their transactions to their accounting software at scale. And we’ve seen the results! In our recent survey Float customers have reported closing their transactions and reimbursements up to 8x faster at month-end

To keep the momentum going, we’re bringing a new Accounting Workboard to the hub – a dynamic view of your transaction review process with intelligent and personalized tips to help you close faster. 

Float’s Accounting Workboard is where accountants and controllers can go to track their progress closing the books and spot unusual transactions quickly. With personalized insights, Float helps you save on time and unwanted spend each month as you gear up to transfer transactions to your accounting software. Read on to learn what’s new in Float’s Accounting Workboard.

✅ Track Transaction Export Progress

Your progress bar at the top of your Accounting Workboard visually shows you how many of your transactions for a given close period still need to be confirmed, are ready to be exported, or have been exported to your accounting software. In a simple click you can dive into a list of each transaction group.

You can also click to see a list of non-compliant transactions (ie. transactions that aren’t compliant to your company’s unique Submission Policies). This is especially helpful as you gear up to export in bulk at month-end!

🖱️ One-Click Compliance Filtering

We’ve also made it simple and quick to filter your non-compliant transactions. With a single click you are able to access lists of transactions that are:

  • Missing receipts
  • Missing a GL code
  • Missing a tax code 

Sometimes things slip through the cracks and employees need an extra nudge to upload their receipts before you finish your transaction export. After clicking your list of transactions missing receipts, you can filter further by Spender or Manager. You can then select all the non-compliant transactions belonging to an individual employee or perhaps a team, click ‘Copy transaction links’ and send it to them or their manager with a direct link for them to action on! If all looks well (eg. small coffee purchases that don’t need a receipt), you can also mark transactions as compliant, so they’re ready to export.

Finally, you can also quickly access a list of transactions that may have failed to export previously to ensure every transaction makes it to your accounting software reliably.

🚩 Flagged Transactions

At Float we’ve built our platform with secure spending in mind. With existing features like Reporting & Insights, we’ve heard from 74% of respondents that they were saving unwanted spend with Float in our recent customer survey. Flagged transactions are a new added layer to protecting your spend. 

Your new Accounting Workbaord will surface flagged transactions you may want to take a second look at, as you close the books. First, you can set custom settings to track larger than expected transactions. In a click you can see all purchases made over a custom limit set by your team, to stay aware of potential unwanted spend. 

We’ll also flag irregularities amongst your merchants and GL codes. Using automated insights,, Float will show you transactions that are uncommonly larger or smaller than the rest of transactions with that GL code. For example, based on your company’s spend patterns, a $2000 transaction for Travel Parking may seem odd and get flagged. Transactions tagged with an unexpected GL code (ie. spend with a merchant historically associated with a different GL code) will also be flagged for quick review.

Lastly, we’ll also give you a list of transactions where the tax percentage paid is not matched to a typical Canadian provincial tax rate. This helps you make sure you haven’t over-reported (or under-reported) taxes. 

💳 Merchants without Rules

We launched Transaction Rules to the Float platform to make categorizing spend that much easier. For transactions made with a given merchant, you can automatically attach an Accounting Vendor, GL code, tax code, or tag, so the transaction is export-ready without manual entry on your part or the spender’s part. 

For example, if employees in your organization book travel frequently, you can automate Air Canada transactions to always be coded to your travel GL.

We’ll flag the top 5 merchants your company spent on in a given period, currently without a Merchant Rule, so you can quickly set up new rules and save more time at the next month-end!

Take it For a Spin

If you’re an existing Float customer simply log in and head over to your Accounting Workboard to start using your personalized insights. Not yet a Float customer? You can book a demo to learn about our suite of Accounting features and smart corporate cards. 

Find Efficiency with Float’s Accounting Hub

At Float we know finance teams are constantly seeking new ways to streamline processes, enhance accuracy, and achieve greater efficiencies. That’s why we’ve created the Accounting Hub – a dedicated space for the controllers and accountants on your team to review, automate, and export all company transactions quickly and seamlessly. 

Float’s one-stop solution is designed to simplify export workflows and help you to regain control over your company’s spend data. In fact, in our recent poll Float customers reported closing their books up to 9x faster with Float and 2.5x faster on average. 

Below we’ll introduce you to game-changing features and tips in Float to help you find speed and accuracy as you close the books each month-end.

Review 👀

The power of Float’s Accounting Hub starts with its ability to filter and review transactions by specific time periods with ease. You can quickly identify discrepancies and ensure transaction data is compliant and accurate before syncing to your accounting software.

Easily Find Non-Compliant Transactions

As you prepare to close the books at month-end you can filter transactions by the designated month and then further by Compliance Status. Get a list of transactions that aren’t compliant with your company’s Submission policies and identify which team members to follow-up with.

You can also filter out non-compliant transactions from your exports, ensuring only those properly coded and with receipts attached move on to your accounting software.

💡Pro-tip: When you message a spender about a transaction missing information, you can send them a Transaction Link to bring them right to the transaction in question. This eliminates any more confusion or unnecessary back and forth.

Split Transactions

As you review transactions, you may encounter one that needs to be allocated across different line items (like software invoices shared by multiple departmental budgets). You can select any transaction in your Accounting Hub, click ‘split transaction’ and enter the amounts you would like to enter as their own line items. Then assign the appropriate GL code, tax code, description or tag to finish split the transaction.

Update Transactions in Bulk

There’s no need to waste time updating transactions one at a time. You can filter and select transactions in bulk and assign the group the same vendor, team, GL code, or Tax code in a few simple clicks for a faster month-end.

Automate 🚀

With Account Hub, you can also put accounting processes on autopilot. This reduces those time consuming, routine tasks and the risk of human error, while freeing up time for more strategic work. By issuing smart corporate cards to automating expense categorization, Float ensures transactions are coded accurately while cutting down manual work and saving you time.

Pre-Code your Float Cards

As you prepare to close the books at month-end you can filter transactions by the designated month and then further by Compliance Status. Get a list of transactions that aren’t compliant with your company’s Submission policies and identify which team members to follow-up with.

You can also filter out non-compliant transactions from your exports, ensuring only those properly coded and with receipts attached move on to your accounting software.

Set Up Transaction Rules

Float can also help you automatically categorize your transactions based on merchant names. By clicking on ‘Manage Transaction Rules’ in your Accounting Hub you can set up a custom rule that codes a corresponding Accounting Vendor, GL Code, Tax Code, or Tag to specific Merchants saving you and your team tons of time.

Export 🔄

Effortless exports is the heart of Float’s Accounting Hub – built to support scale with the ability to quickly sync export-ready transactions to your accounting software in bulk.

Smart Accounting Syncs

If you use one of our supported integrations ( Oracle NetSuite, QuickBooks Online, and Xero), our smart two-way Accounting Sync means your Chart of Accounts gets mapped in Float so reconciliation is a breeze. By navigating to your ‘Ready to Export’ page you can quickly sync all compliant transactions for your close period directly to your accounting software in one click.

Custom CSV Exports

It’s still very simple to export transactions to alternative accounting softwares like Sage or Microsoft Dynamics. You can build your own custom export templates in Float, formatted to match your specific accounting software. You can download your export-ready transactions at month-end as a CSV and upload them to your accounting software without any additional manual tweaks.

Put Float into Action 🎬

Float’s Accounting Hub aims to help finance professionals eliminate tedious reconciliations and have more efficient month-ends. Bringing automation to transaction reviews and exports has already saved Float customers valuable time and money each month-end – and we’re just getting started. 
For a quick demo on the new Accounting Hub with Lauren from our Product team you can watch this video.

If you’re an existing customer head over to your Accounting Hub to try out the tips and tricks above. You can always click on the ‘Take the Tour’ button in your top menu for a refresher on your new hub. Not a customer yet and want to learn more about how Float’s Accounting Automations can power your team? Our sales team is happy to chat. Book a demo or get started directly today.

Get Fast Transfers to Float

Whether you’re a startup, small business, or established firm, cash flow is the lifeblood of the business. Optimizing money in and out of the company to keep cash on hand as long as possible is often top of mind for customers in their spend management strategies. 

That’s why we introduced Fast Funding – one business day transfers when moving money to Float – for eligible customers on Float’s Professional Plan.

In Canada, where bank transfers typically take a minimum of three business days to reach their destination, Fast Funding goes beyond the status quo to bring customers reliable access to the funds they need to spend for their companies. Transfers to Float are fast-tracked to quickly access available funds, so your team doesn’t have to worry about interruptions to spend.

How it Works ⚙️

1. Connect your bank account(s)

The first step to becoming eligible for Fast Funding is connecting to your bank(s) in Float’s Banking Hub. Once connected, customers will automatically be reviewed on the basis of each account type (CAD or USD) to see if they qualify for accelerated transfers to Float. If eligible, you’ll be notified by email and in-app to swiftly transition to Fast Funding.

2. Fund Your Float Account

Once you qualify for Fast Funding, all of your transfers will be eligible for a one business day transfer time. Once you initiate a transfer we’ll confirm if the transfer qualified for an accelerated payout and when the estimated arrival date is.

3. Stay Eligible

Float uses your secure banking connection to assess your good standing for Fast Funding. This connection refreshes monthly. To stay eligible for accelerated transfers, simply keep your bank connection up-to-date and respond to any prompts to refresh your connection in the Banking Hub.

Earn 4% on Your Transfers

When you transfer funds to your Float Account you earn 4% interest on your cash balance (from the first dollar). That’s better-than-bank rates with no lockups or penalties to withdraw your funds. That means you can choose to spend your earnings on your Float cards or withdraw your funds at any time if you need to.
Curious to know how much your business could earn with Float’s high-interest yield accounts? Use our Earnings Calculator to estimate your annual savings.

Put Float into Action 🎬

For a quick demo on all things Fund Management in Float, you can watch this video from our Product team.

If you’re an existing customer who hasn’t used Fast Funding yet, head over to your Banking Hub and connect to your bank account(s) to see if you’re eligible. Not a customer yet and want to learn more about Fast Funding or earning a 4% return with Float Yield? Our sales team is happy to chat. Book a demo or get started directly today.

Introducing the Float Mobile App

The much-anticipated Float mobile app is here! 

Float cardholders can now easily manage their individual spending on-the-go, from card requests to receipt capture to reimbursements. Managers and Administrators can also manage company and team spend from anywhere, with timely push notifications on business spend and simple approvals in-app.

Let’s dive into what makes Float’s new app so game changing for business spending in Canada. (Already a Float customer? Be sure to download the app here).

Seamless Requests and Approvals

Spenders can now request new spend for business payments in just a few taps right from their phone – especially useful for those impromptu purchases that pop up when you’re on-the-go and away from a desktop. You’ll be able to:

  • Request a net new Float corporate card (this is a great option to segment spend for a new vendor or a one-time purchase
  • Request a card limit increase for a purchase on an existing Float card (either recurring or temporary)
  • Submit expenses for reimbursements as soon as you spend for speedier repayments 

When Spenders submit new requests on the app they’ll be prompted to select a Submission Policy as usual, so they’re spending within the guardrails of your company’s unique expense policies.

💡Pro-tip: Be sure to turn push notifications on to stay in the know! Managers get notified right away via push notification to quickly approve new requests. Once approved, the Spender is also notified immediately via push and brought back to the app to access their new card details.

Simplified Business Spending

We wanted to give Spenders easy visibility into their individual spending, while enjoying a frictionless experience making business purchases. On the new mobile app you can see all of your spend in one simple view and access card details simply to make business payments wherever you are.

  • No more wondering what you have left to spend across your Float cards. Quickly view your physical and virtual card limits (for CAD and USD spend)
  • Access your card details securely from your phone to pay vendors online
  • Add your card details to your phone’s mobile wallet to conveniently tap to pay

We’ll send Spenders push notifications whenever a transaction goes through on one of their Float cards, so they are always aware of their spend (and can upload receipts and expense details as soon as a purchase is made).

Hassle-free Compliance

Your company’s expense policies don’t need to be a mystery to Spenders. With policies implemented directly on Float Cards, they can easily make purchases for the business within your guidelines. 

With card controls like custom limits and merchant controls, Float automates the expense process, meaning no more receipt chasing at month-end. Spenders can tap into their Float Card details within the app, and view the Submission Policies and Approved Categories applied to their card spending by the Finance team to make informed spending decisions on behalf of the company. 

  • Spenders get prompted to add receipts, tags, and codes from their phone as soon as they spend to stay compliant
  • Spenders can snap a photo of a receipt with their phone’s camera or upload a photo from their camera roll (before those receipts go missing)
  • Spenders can easily view all non-compliant transactions that they need to take action on

Spenders get reminded via push to upload receipts along with any other information your company’s Submission Policy requires (like vendor, GL codes, or purchase descriptions) to make closing the books easier for the Finance Team.

Smart spend management that fits in your pocket

If you haven’t rolled out the new mobile app to your team yet, don’t wait. The app is available to download for free on the App Store and on Google Play. We’ve created this one-pager for your Spenders to help get them set up on the app. Not yet a Float customer? Book a demo or sign up today to start simplifying spending for your team.

The Month-End: November

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.

Animation of 4%

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!

The Month-End: October

We’re transitioning out of October’s spooky season, but for many finance professionals the real scare remains – a time-consuming month-end. However, we’re here to put your financial fears to rest, and this month we’ve got all treats and no tricks for our customers at Float.

Transaction Splits for All

Transaction Splits is now available for Float customers on both the Professional and Essential plans (including Managers and Spenders too). That means every Float customer can now split different amounts to different accounts, and cardholders can now split their own transactions too. To enable Transaction Splits for Managers and Spenders, head to the “Settings – General Account” page in your Float Administrator dashboard. Spenders will be notified to log in to Float and itemize transactions for easy export. It’s all about simplifying your financial process.

Close Faster with Custom Accounting

Float’s new Accounting Hub is designed to streamline your financial close. We’ve introduced enhanced functionality to ensure your accounting syncs are tailored to your unique business needs, so you don’t have to burn the midnight oil at month-end. Customize columns you see to match your workflow, ensuring you only see what you need. Get insight into non-compliant transactions making sure every transaction is above-board and ready for export. Once reviewed, open exported transactions directly to Xero, QBO, and NetSuite – no need to fumble around with different tools. If you haven’t yet, be sure to check out your new Accounting Hub today to make your next month end with Float that much faster.

The Mobile App You’ve All Been Waiting For

You asked and we answered. The Float mobile app is on the horizon and we couldn’t be more excited. This app will allow your team to manage finances on the go, offering convenience and efficiency. Your team will soon be able to:

  • Request spend and reimbursements with just a few taps
  • Capture receipts directly within the app, reducing the need for receipt-chasing at month-end 
  • View all their transactions, complete with compliance status, in one simple view

The mobile app will streamline how your team spends with a hassle-free experience. Stay tuned for the official announcement.

Until Next Time 👋

Float is your trusted partner in making managing your company spend less intimidating and more efficient. With features like Transaction Splits, our new custom Accounting Hub, and the upcoming mobile app, we’re here to support you in your journey to smarter spend management. 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!

The Month-End: September

In the finance team’s world, driving new efficiencies is critical. The faster you can close the books while maintaining accuracy, the more control and insight you gain. At Float, we understand how important this is, which is why we’ve revamped the Accounting Hub, along with introducing some other game-changers to elevate your financial management game.

Close the Books Faster with Accounting Hub

You know the drill. Every month you face the challenge of reconciling transactions, ensuring accuracy, and preparing for financial reports. The process can be cumbersome, but it doesn’t have to be. Enter Float’s Accounting Hub, a dedicated space designed to streamline the entire process at scale. Here’s what you need to know.

  • Review with Lighting Speed: Say goodbye to sifting through pages of transactions. With Accounting Hub, you can quickly review and analyze your transactions, ensuring accuracy and compliance. 
  • Automation at its Best: Automation is the name of the game in modern finance. With the Accounting Hub, you can automate repetitive tasks, reducing the risk of errors and saving valuable time
  • Seamless Export: Exporting transactions to your accounting software has never been easier. Whether you’re using Float’s Accounting Sync (QBO, Xero, or NetSuite) or a custom CSV template, exporting transactions is always a breeze.

Make this the month you embrace Float’s Accounting Hub and revolutionize your book closing process (your team will thank you).

Introducing Float’s Banking Hub

At Float we believe in building spaces that simplify your company’s spending. Our newest addition, the Banking Hub, is designed to do just that. This hub provides a single place to manage your company’s Spending Power on Float, which represents the funds available for any pre-funded Float Cards. What sets the Banking Hub apart?

  • Enhanced Connectivity: We now allow you to now connect multiple bank accounts with ease. This enhanced connectivity also opens the door to qualify for upcoming credit products and high limits. 
  • Transparency: Ever wondered when exactly funds will be available? The Banking Hub lets you see at a glance when your funds are expected to arrive, empowering you to make informed spending decisions
  • Effortless Transfers: Ensure your pre-funded Float Cards never run out of funds by setting up automated top-ups and pay-downs.

Ready to take control of your company’s spending? Watch our video on Funding with Float and discover how to optimize cash flow with your company’s smart corporate cards

Reimburse Employees Directly in Float

Reimbursements can be a headache for both employees and finance teams. That’s why we’ve introduced Reimbursements within Float. It’s incredibly easy for teams to submit out-of-pocket expenses, and the best part? Doing so with Float can create thousands of dollars in savings for your team. How?

  • Simplify Team Payments: Team members request spend all in one place (whether it’s spending on a Float Card or an out-of-pocket reimbursement), reducing the amount time spent managing employees on multiple platforms.
  • Save on Software: Every dollar counts when growing your business. Save on expensive expense management software by using Float’s Reimbursements and no additional cost per month. 
  • Eliminate Administrative Work: Finance teams can create custom Submission and Approval Policies to eliminate manual work. Employees simply upload their receipts and expense information, and their request automatically goes out for approval so the finance team can payout (and close) faster.

Curious about how Reimbursements work? Check out our video for an in-depth look at the submission, approval, and export process for out-of-pocket expenses. 

Until Next Time 👋

We’ll be back soon with Float’s latest product updates, events, and resources. If Float’s new Accounting Hub, enhanced Banking connections and Reimbursements could move the dial for your team and you’re not yet a Float customer, simply book a demo. Our sales team will walk you through how you can simplify your company’s spend management with Float.

3 Ways to Simplify Corporate Spend with Mobile Wallets

Most Canadians have become accustomed to the simplicity of mobile wallets for their consumer spending – but why hasn’t corporate finance caught up? 

It’s likely because Canada’s big banks promote a more traditional way of doing business, where only a limited few hold business credit cards (and share them) due to the risk associated with credit limits and the lack of visibility into spending. 

Thankfully, Float is now paving the way for Canadian finance teams to modernize their spending with smart corporate cards backed by intelligent software that allows companies to issue corporate cards to all team members, worry-free, with real-time visibility and control over company-wide spend.

By adding Float Cards to popular mobile wallet platforms like Apple Wallet and Google Wallet, you can experience the convenience of modern business spending, while enjoying full visibility, automation, and control for administrators, and a headache-free experience for your company’s cardholders.

Wondering how businesses like yours are using mobile wallets for their corporate card spending? Here’s how:

3 Ways Canadian Businesses Simplify Corporate Spend with Mobile Wallets

1. Avoid Shipping Delays

With Float, finance teams can create virtual cards for their team members that can then be easily added to mobile wallets. That means no waiting for physical cards to arrive by mail if an employee needs a card to make company purchases fast. 

2. Simplify Employee Onboarding

New employees can be assigned a virtual card while they wait for their physical card to arrive and seamlessly add them to their mobile wallets. Float Cards come with the added benefit of custom Temporary limits, perfect for one-time onboarding expenses with limits (and cards) that expire.

3. Tap-and-Pay

Making purchases while on business trips or on-the-go is now easier than ever before. Cardholders can simply add physical and virtual Float Cards (in CAD or USD) to their mobile wallet, while reducing card clutter and ensuring all their Float Cards are in one place. The convenience of tap-and-pay allows company spenders to quickly make company purchases without any hassle, with the added benefit of card controls that ensure transactions are within your spend guidelines.

💡Pro Tip for Easy Integration

To ensure a smooth experience when adding Float Cards to your mobile wallet, simply take a picture of your Float Card or the Card Details page. This simple step can save you time and eliminate any potential input errors, making the integration process even more straightforward.

From enabling controlled team spending to streamlining employee onboarding, and providing a seamless spending experience for users, mobile wallets can revolutionize the way businesses manage their expenses. With Float Cards in your mobile wallet, you’ll have the tools you need to simplify spending and take control of your company’s financials, all at your fingertips.

Start adding Float Cards to your mobile wallets today. Not Float customer (yet)? Book a demo with our team here and we can show you how Float can help simplify (and control) your company’s spend with smart corporate cards, business spend software – and mobile wallets!