With the launch of this new suite of products, Pleo is setting a clear vision for the future of the business, deepening its offering and cementing its transition from a single expense-led product to a holistic business finance platform and ensuring suitability for larger companies within the mid-market space.

Pleo’s new partnership and integration with business management and accounting platform Oracle NetSuite, allows businesses to automatically export all transactional data and automate expense reconciliation within Oracle NetSuite. NetSuite is the number one ranked cloud enterprise resource planning (ERP) provider and serves over 36,000 companies in over 217 countries. By integrating Pleo into NetSuite’s platform, spend reconciliation is automated, helping businesses to save time, drive efficiencies, reduce human error and provide greater insight into their overall cash flow. 

“We’re delighted to have accredited the Pleo NetSuite integration.” said Guido Haarmans, group vice president, SuiteCloud Developer Network and Partner Programs, Oracle NetSuite. “This new SuiteApp extends our robust solution for businesses and Pleo’s dedication to easing financial management and providing better visibility and analytics to businesses is aligned with our own, making us natural partners as they continue to deepen their product offering.”

Built for NetSuite is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provides partners with the information, resources, and methodology required to help them verify that their applications and integrations meet NetSuite standards and best practices. The Built for NetSuite program is designed to give NetSuite customers additional confidence that SuiteApps, like Pleo, have been built to meet these standards.

In addition, Pleo’s new dedicated Vendor Cards enable finance teams to gain greater control and visibility over their recurring digital services payments by allowing them to centralise and limit payments to one or a group of vendors on one virtual card. With 65% of Pleo customers highlighting that subscriptions account for at least a third of a company’s total spend, the Vendor cards are designed to unblock spending and eliminate any surprises by allowing for limiting payments, adjusting spending limits, changing cardholders when an employee leaves, all without cancelling subscriptions. This gives businesses the control they need and far greater clarity in their recurring digital services payments, ensuring they are maximising their benefits and return on investment.

Pleo is also launching its own Overdraft, solving businesses’ cash flow challenges when they need it. As a result, businesses can access faster cash injections, and reduce time spent on managing liquidity across different accounts.

Jeppe Rindom, CEO and Co-Founder, at Pleo, said: “Our mission at Pleo is to alleviate stress and make spend management effective and empowering for businesses. We have listened to what our customers really need, so by adding these new capabilities to our platform, we are taking our offering to the next level and providing businesses with the most comprehensive spend management tool in the market.”