Expense management
Requirements:
Provide users with expense accounts; tie physical or virtual expense cards to accounts; set spending limits for employees or use a “pre-pay” model to ensure consistent budgeting; include full FX functions for travelling employees or international teams; connect directly with existing internal accounting services.
Toqio’s solution:
We provide a company with the ability to manage all its expenses easily using one comprehensive system; all employee expenses can be monitored, including non-digital payments; processes can be defined for different and varying approval processes; expense limits can be set for pre-defined roles or specific users and can be overridden in certain cases; FX integration to cover expenses in numerous currencies.
Lending repayment
Requirements:
Able to create customer trust accounts in large quantities at a reduced cost; increase loan repayment reconciliation to an extremely high degree; improve visibility of customer transactions; ensure there are early warning indicators of potential fraud cases; reduce human intervention as much as possible in the reconciliation process; reduce resource overhead.
Toqio’s solution:
Offer accounts that can be assigned clear user roles and responsibilities; include four-eye checks and automated sweeping processes to maximize security; reduce human actions required to carry out lending repayment.
Treasury & payment operations
Requirements:
Easy to create new accounts within a corporate ecosystem; manage diverse roles and permissions and assign them to various accounts; automate as many approval processes as possible to avoid having one gatekeeper creating log jams; correct resource allocation for day to day tasks; ability to make bulk payments; link two or more accounts of the same currency and set balance threshold requirements for them (sweeping); offset multiple, same-currency account balances in order to generate interest fee savings which would otherwise be applied to overdrawn positions (pooling).
Toqio’s solution:
Set up a build with multi-tiered roles and responsibilities; manage payment operations in a central system, including creating multiple accounts in various currencies; initiate and monitor transactions from start to finish; offer bulk payment creation as well as sweeping and pooling; include four-eye checks for payment authorizations; reduce cost of corporate accounts.
What our customers say
Toqio has helped us to offer our business customers a wide array of payment solutions, from card payments to money transfers, with an excellent, fully digital experience. And all this in record time and saving us in excess of €1.4 million. From a business perspective, this has allowed us to improve our customer engagement dramatically, as well as our ability to offer them financing more quickly, thanks to our better understanding of their businesses.
José Molina, Founder and CEO, Crealsa
