Pleo

What is Pleo?

Pleo is a spend management platform for European businesses that combines company cards, expense management, reimbursements, accounts payable, and multi-currency cash management. Employees get cards with set limits, and finance teams see spend as it happens. The vendor reports 40,000+ customers across Europe.

Key features of Pleo

• Employee and vendor cards: physical and virtual cards with flexible spending limits.
• Expense management: real-time tracking and automated expense reports.
• AI expense review: flags out-of-policy spend, 100 reviews a month on Optimise.
• Reimbursements: fast employee reimbursements and mileage on Build and above.
• Accounts payable: automates supplier bills.
• Multi-currency cash: holding and conversion with savings on FX fees.
• Approval workflows: spend controls and approvals on Build and above.
• Accounting sync: automatic syncing of transactions to accounting tools.

How Pleo works

Finance issues cards to employees or for specific vendors, with limits and rules. Employees snap a receipt after a purchase, and Pleo matches it to the transaction and syncs it to the accounting system. AI reviews spend against policy, and finance handles reimbursements and supplier bills in the same platform.

Who uses Pleo?

Pleo serves startups and small teams (1 to 49 employees), medium-sized businesses (50 to 1,000), and enterprises (1,000+), mainly in Europe. Cards are issued under a Mastercard license, and Pleo Financial Services UK Ltd is authorised by the UK FCA under the Electronic Money Regulations 2011, according to the vendor.

Pleo pricing

Pleo's UK pricing is per user per month: Start at 8 pounds (monthly billing only, 1 user minimum), Build at 14 pounds billed yearly, and Optimise at 18 pounds billed yearly, each with a 3-user minimum on Build and Optimise. There is no free plan, though each plan has a Try for free button. Credit limits of up to 5,000, 20,000, and 100,000 pounds are offered to eligible customers.

Pleo integrations

Pleo integrates with Xero, QuickBooks, NetSuite, Odoo, Sage Intacct, Sage 200, Business Central, Exact Online, Twinfield, Visma e-conomic, DATEV, and SAP S/4HANA, and Optimise adds HRIS integrations.

Pleo alternatives

SAP Concur is a large enterprise travel and expense system with more configuration. Zoho Books is accounting software with expense features rather than a card program. Spendesk is a spend management platform with cards and approvals, comparable to Pleo. Expensify is an expense reporting tool known for receipt scanning and corporate cards.