Velos launches new expense app

31 August 2023

Our Velos business expense card, used by thousands of our customers, now comes with its own app, Velos Expense. The app makes it easier to manage expenses in one place and review company spending as it happens. It seamlessly integrates with more than 20 accounting and enterprise resource management (ERP) software providers, including Quickbooks, Xero, Sage and Microsoft Dynamics 365.

Velos Expense logs the transactions instantly whenever an employee makes a purchase with their Velos card. If further validation is required, employees can record additional transaction details by scanning receipts with their camera in the app. Optical Character Recognition (OCR) extracts the data and automatically populates recognised fields, such as purchase date, total amount and VAT.

Velos cards work through the Mastercard® network, meaning they can be used at most stores, restaurants, hotels, airlines and car rental agencies, as well as online sellers.

Stuart Alsford, Head of Velos, said: "As Radius proudly unveils its latest innovation, the Velos Expense app, we empower users to take control of their business spend like never before. With seamless integration, intuitive features and real-time purchase tracking, our app streamlines expense reporting, ensuring a smooth and efficient process for all. This marks a significant milestone in our commitment to simplifying expense management and we are excited to witness the positive impact it will bring to our customers."

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