Close Books Faster with Automated Bookkeeping

AP (Accounts Payable) automation is the process of using software to streamline and automate the tasks associated with managing a company’s payments to vendors and suppliers. This includes automating invoice processing, approvals, and payments. Float’s Bill Pay product helps businesses of all sizes automate Accounts Payable and streamlines AP by integrating AI-powered document extraction, custom approval workflows, and seamless payment methods like EFT, ACH, and Global Wire transfers — Try Float’s Bill Pay today for free.

Float’s accounting automations help businesses close books up to 8x faster. Float saves time by auto-coding transactions, capturing receipts instantly, and syncing with accounting software like QuickBooks, Xero, or Netsuite.

Float’s corporate card has the same acceptance rates as a traditional Visa or Mastercard corporate credit card. However, unlike a traditional corporate credit card, Float operates on a Charge Card or Prepaid funding model. Charge Card is different from Credit Card, as the balance has to be repaid fully at the end of the month, whereas a credit card charges an interest rate and allows you to carry over the balance into a future month. You can apply (*Conditions apply. Book a demo to learn more) for unsecured, 30-day credit terms with high limits up to $1M, no credit checks and personal guarantees. Prepaid model offers 4% interest on all deposits with no cash lockups with account opening in < 24 hours.

Float captures and manages receipts by allowing users to upload them through multiple methods: via the mobile app, email forwarding, or by texting a photo of the receipt. Once uploaded, receipts are automatically matched to corresponding transactions. Float also sends instant reminders to cardholders to submit receipts after a purchase, ensuring compliance and making reconciliation seamless.

Yes, you can create custom rules for transaction coding in Float. These rules allow administrators and bookkeepers to automatically categorize transactions by assigning GL codes, tax codes, vendors, and other accounting fields based on the merchant. Float also enables you to pre-categorize a card (Physical or Virtual) directly to any accounting GL, Tax code or Vendor. This helps streamline the accounting process by ensuring consistency and saving time with automated coding for recurring transactions.

Unlike traditional cards that get you to spend more, Float is the only corporate card in the world that helps businesses spend less. Through a combination of financial rewards like our 1% cashback, 4% interest on deposits, no FX fees with our USD cards and time savings of at least 8 hours per employee Float’s customers on average save 7% on their spend.