Volopay overview
Volopay offers innovative financial management solutions for businesses of all sizes, startups, small businesses, or enterprises. The company has quickly become a leader in the digital payment space, providing businesses with a secure and convenient way to manage their financial transactions.
Volopay’s commitment to security is one of its defining features, as the company takes several steps to ensure the safety of its users’ data and funds. This includes using advanced encryption technology, regularly monitoring transactions for suspicious activity, and providing 24/7 support to its customers.
What is Volopay?
Volopay offers a range of products and services designed to streamline the financial management process for businesses. Its primary product is a digital payment platform allowing businesses to send and receive payments, track expenses, and manage their cash flow from a user-friendly interface. The platform integrates with various popular accounting and banking tools, making it easy for businesses to keep their financial data up-to-date and organized.
In addition to its payment platform, Volopay offers a business debit card that can be used for purchases and cash withdrawals, giving businesses a convenient way to access their funds and make payments on the go. The card is linked directly to the company’s digital payment platform, allowing businesses to track their spending and manage their finances in real time.
Also, Read: RazorpayX Reviews and Pricing
Volopay reviews
Volopay users talk about the product both positively and constructively. Volopay features and functionality is at the center of such conversations. These features include:
1. Credit line and debit card
Volopay’s credit line and debit card are designed to help businesses manage their expenses more efficiently and provide complete control and visibility over their spending.
Reviewers have mixed opinions about credit and debit card features. Some have found them beneficial, while others have faced specific issues. Based on a review on G2, users have faced some difficulties in paying through Volopay’s cards. On the other hand, some users have loved the access to virtual credit cards to make payments.
Learn more about what users say about Volopay’s expense management in their reviews.
Pros and Cons of Volopay credit and debit cards
| Pros | Cons |
| Easy to expense using virtual cards | Card denials by payment portals (G2) |
| Good for handling high volume of forex payments | Confusing visibility (Software Advice) |
| Cash rebate on Volopay virtual card | Debit card doesn’t support USD (GetApp) |
2. Expense management
Volopay’s expense management helps businesses track expenses, generate reports, and manage budgets. It automates many of your financial processes, reducing the time and resources required to handle expenses manually. It also provides greater visibility into spending patterns and helps identify areas where costs can be reduced or eliminated.
Learn more about what users say about Volopay’s expense management in their reviews.
Pros and Cons of Volopay expense management
| Pros | Cons |
| Good solution for managing fuel expense | Lack of knowledge base to support expense management on Android/iOS application (G2) |
| Reliable expense tracking | Expense tab’s UI can improve (G2) |
| Ease of auditing and logging expenses | System hangs some times (G2) |
Suggested Read: What is Expense Management?
3. Accounts payables
Volopay’s accounts payable tool helps businesses manage the money it owes to its suppliers or vendors for goods or services that have been received but not yet paid for.
At Volopay, accounts payable is one of the core product features. It helps businesses manage their accounts payable effectively to avoid cash flow problems and prevent damaged relationships with suppliers or potential legal issues.
Learn more about what users say about Volopay’s accounts payables in their reviews.
Pros and cons of Volopay’s accounts payables feature
| Pros | Cons |
| Easy to make payments with set limits | System sometimes hangs while uploading receipts (G2) |
| Effective payment tracking | Ability to approve items in bulk needs improvement (G2) |
| Faster payment processing | Needs a daily, or weekly summary of expense claims (G2) |
Future Read: 10 Best Accounts Payable Software
4. Accounting automation
Volopay platform’s accounting automation uses technology to streamline and automate accounting processes. This includes automating tasks such as data entry, invoicing, and financial reporting, which can help reduce the workload of accounting professionals and improve the accuracy and efficiency of financial management.
With automation, Volopay helps businesses achieve:
- Improved accuracy
- Increased efficiency
- Cost savings
- Better financial visibility
- Increased compliance
Learn more about what users say about Volopay’s accounting automation in their reviews.
Pros and Cons of Volopay accounting automation
| Pros | Cons |
| Enhances ease of making claims | Approval system can improve (G2) |
| More efficient accounting | Tutorial to leverage automation would help |
| Auto-sync to accounting software | Some users had to manually top up credit card limit |
Quick Read: Expense Management Automation Process
5. Multi-currency payment
Multi-currency payments refer to the ability to process payments in different currencies. Volopay’s multi-currency payments enable businesses to receive and make payments in the customer’s or supplier’s currency without needing manual conversion.
There are several reasons why Volopay’s multi-currency payment is beneficial for users. It helps businesses deliver an improved customer experience, process payments with reduced currency risks, build better supplier relationships and increase market reach.
Learn more about what users say about Volopay’s multi-currency payments in their reviews.
Pros and Cons of Volopay multi-currency payments
| Pros | Cons |
| Cashback for foreign currency spend | Lack of support for multi-currency to save exchange rates when there’s a refund (G2) |
| Can easily manage a high volume of forex payments | Issues in changing currency on Ledger set up (G2) |
| Instantaneous payments | Exchange rates can be lower (G2) |
6. Integrations
Volopay’s integrations allow businesses to connect their financial systems and tools to streamline accounting, payments, and entire finance operations.
These integrations can connect to financial tools, including accounting software, payment gateways, and expense management tools. It allows businesses to centralize their financial operations and data in one place, making it easier to manage and analyze financial information.
Integrating payment gateways help businesses to streamline payment processes and reduce the risk of errors or fraud. Integrations are an essential part of the platform’s value proposition.
Learn more about what users say about Volopay’s integrations in their reviews.
Pros and Cons of Volopay integrations
| Pros | Cons |
| Easily integrates with accounting software like XERO, and Netsuite | Integrations aren’t smooth |
| Ability to integrate multiple business cards in one account | Some people faced issues in syncing with accounting software (G2) |
| Integrates with multiple gateways | Buggy integrations |
Volopay pricing
Volopay follows a quotation-based pricing model. Its pricing is available on request and is based on a business’ needs and requirements. According to SaaSworthy, Volopay has three pricing structures based on an organization’s requirements: premium, all-in-one, and enterprise.
1. Premium cards
Volopay provides a business with premium physical cards per user and unlimited virtual cards. It offers a 5% cashback on every transaction the user makes. Below are some of the benefits that users get with this package.
- Employee reimbursements
- Xero and Quickbook integration
- Auto approvals
- Access to optical character recognition OCR technology
Premium cards plan comes at a custom pricing. You can reach out to Volopay to get a quotation on it.
Suggested Read: 5 Best corporate credit cards in India
2. All-in-one
Volopay offers everything in premium cards and adds money transfers to domestic and international geographies in its all-in-one plan. Moreover, the company charges zero fees on domestic and international payment transfers.
Below are some other benefits of the all–in–one plan.
- Multi-currency wallets
- Custom workflows
- Custom approval policies
- Enforceable budgets
All-in-one plan is available at a custom pricing. You can reach out to convey your need and get a quote from Volopay’s sales team.
Did you know? Volopay charges ~1.6% for cross-border payments when you spend in a non-SGD currency in a different country. The brand also charges ~3.1% on cross-currency payments when you spend in a non-SGD currency in Singapore.
3. Enterprise
The enterprise plan consists of all features in the all-in-one and premium cards plan. In addition, it provides additional bookkeeping services. Volopay offers custom integration with HR tech and other software, including Netsuite integration.
You can get custom-designed cards if you go with the enterprise plan. Its pricing is available on request, and you can contact Volopay’s team for a quote.
Top 5 Volopay alternatives
A glance at top Volopay alternatives
| Name | Pricing | Rewards | Credit Limit | Merchant locking | 24/7 customer support | Overall rating out of 5 |
| Joining fee- ₹0 Card fee- ₹0 Annual fee- ₹0 | Direct Cashback | High/scalable | Yes | Yes | 5 | |
| Joining fee applicable (contact for info) | Credits/ Cashback | High | Yes | No | 4 | |
| Set-up fees applicable (contact team for info) | Credits/ Discounts | Dynamic | Yes | No | 3 | |
| HDFC Corporate Credit Card | Annual and renewal fee- varies depending on offer to offer | Reward points for miles | Determined by bank | No | Yes | 3 |
| Registration and maintenance fee applicable | Reward for spending | High/ Scalable | No | Yes | 4 |
Take a deep dive into exploring Volopay alternatives and find the software solution that perfectly suits your organization.
Why Happay EPIC Card is the best alternative to Volopay?
Happay EPIC card is a corporate credit card that serves as a versatile and comprehensive payment solution, empowering businesses to streamline their expense management processes. It offers a customizable and integrated payment tool that combines purchase, travel and entertainment, and supplier cards in one platform.
Below are some of the notable features of the Happay EPIC Card.
- The spend management technology powered by AI offers comprehensive control over your expenses.
- Gain macro and micro visibility into your spending with the intelligent dashboard.
- Enjoy the convenience of on-the-go accessibility with mobile apps available for Android and iOS devices.
- Take advantage of credit period, which can extend up to 45 days.
- Trust in security measures, which include ISO 27001 certification, PCI DSS compliance, and 256-bit SSL encryption.
- Benefit from dedicated physical cards as well as unlimited virtual cards.
- Protect yourself while shopping online with single-use burner cards.
- Lock down specific merchants with virtual cards enabled with merchant locking.
- Make informed decisions with advanced spend analytics and custom reports.
- Get real-time support from the customer service team, which includes advanced chatbot features.
- Exercise more significant control over your cards with a toggle on-off feature for locking and unlocking.
- Allocate and track your budget effectively with our preset card limits.
- Personalize your cards with name embossing to suit your preferences.
- Seamlessly integrate our technology with third-party platforms, such as Quickbooks, Tally, SAP, Oracle, Microsoft Dynamics NAV, and iON.
Happay EPIC card vs. Volopay corporate card
- Comparing the Happay EPIC card to Volopay, both are excellent financial management platforms for businesses. Still, the Happay EPIC card offers a more premium corporate credit card tailored to larger businesses.
- It provides additional benefits such as no joining, annual or card fee, no deposit or collateral needed, zero forex markup that increases savings, merchant locking that allows higher control over employee spending, and mobile-first accessibility.
- On the contrary, Volopay charges ~1.6% for cross-border payments when you spend in a non-SGD currency in a different country. The brand also charges ~3.1% on cross-currency payments when you spend in a non-SGD currency in Singapore.
- Happay EPIC card also offers a range of powerful features like merchant locking, central credit card control, and two-factor authentication that guarantee maximum security and control.
- Additionally, the Happay EPIC card provides seamless business payments, accounting integrations, robust budget tracking, third-party ERP integrations, advanced spend analytics, and intelligent dashboards.
Conclusion
The Happay EPIC card is an excellent alternative to Volopay, especially for larger businesses that require a more comprehensive and flexible expense management solution.
It offers a range of powerful features and benefits that can help businesses automate their financial operations, reduce costs, and increase transparency and control.
FAQ’s
Volopay’s pricing depends on a specific package or plan that best suits your business needs.. They offer different plans with varying features and pricing, so it’s important to consider which plan suits your business needs.
The cost of a Volopay subscription depends on the specific plan and features that a company selects. You can reach out to Volopay to know its subscription price.
Volopay offers some key benefits to its users.
1. Simplifies financial management: Volopay streamlines financial management by providing a central platform for managing payments, expenses, and invoices. This can save businesses time and effort, as they no longer need to manage these tasks across multiple platforms.
2. Enhanced control and transparency: With Volopay, businesses have enhanced control and transparency over their finances. The platform allows them to set budgets, track expenses in real time, and approve or reject expenses submitted by employees.
3. Cost savings: Volopay can help businesses save money by providing insights into spending patterns, identifying cost-saving opportunities, and negotiating better rates with vendors.
4. Time savings: By automating routine financial tasks, Volopay can save businesses significant time, allowing them to focus on other core business activities.
5. Improved employee experience: Volopay provides a user-friendly platform for submitting expenses, managing payments, and tracking reimbursements. This can improve their overall experience and reduce the burden of manual expense reporting.
6. Enhanced security: Volopay prioritizes security and data protection, ensuring that sensitive financial information is kept secure and confidential.
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