Introducing Openfloat's New Advanced Website and Mobile App

Introducing Openfloat's New Advanced Website and Mobile App

On 28 August 2023

Our digital disbursement and petty cash management platform Openfloat has taken a giant leap forward by launching an all-new website and mobile app. In the dynamic world of commerce, financial efficiency is the linchpin for business success, and the new website is set to change the game.

This revolutionary platform is set to transform how businesses manage their digital disbursement and petty cash management, empowering merchants with game-changing features that ensure they are always on the go. Let's dive into the exciting details of Openfloat's latest developments! 

An Advanced Website for Streamlined Management:  

Openfloat's new website is a testament to our commitment to improve financial management for businesses. With a sleek and user-friendly interface, navigating through the platform is effortless, saving valuable time for busy entrepreneurs. From disbursing payments to managing petty cash, every task is now streamlined, eliminating tedious administrative tasks and enabling business owners to focus on growth and innovation. 

Introducing Multiple Approver Option: 

Openfloat's innovative approach is evident in the introduction of powerful features that set it apart from traditional payment solutions. The introduction of the multiple approver feature heralds a significant advancement in financial control for cash disbursements. The primary objective of this powerful feature is to ensure meticulous oversight and proper authorization by management before any cash is disbursed.  

By integrating a multi-layered approval process, businesses can safeguard their funds, ensuring that disbursements are made exclusively for valid business purposes. This serves as a robust internal control mechanism, bolstering financial accountability and mitigating the risk of unauthorized or fraudulent transactions. With the multiple approver feature, businesses can rest assured that all disbursements are recorded, fostering transparency and strengthening the overall integrity of their financial operations. 

Enhanced Security Measures:   

At Pesapal, we understand the importance of secure financial transactions. Openfloat has implemented robust security measures across the platform. Encrypted data transmission and multi-factor authentication ensure that sensitive financial information remains protected from unauthorized access. With Openfloat, businesses can rest assured that their financial operations are always safeguarded. 


Accounting Made Simpler  


The new Openfloat website takes accounting to a whole new level of simplicity and efficiency with the introduction of the General Ledger feature. The General Ledger serves as a central repository for all financial data, categorizing and organizing transactions with precision. Businesses can now effortlessly track and monitor their financial health, gaining valuable insights into their cash flow and overall financial performance. With the General Ledger at their fingertips, businesses can make informed decisions, identify potential areas for improvement, and ensure compliance with financial regulations - all in a seamless and user-friendly manner. 

This powerful tool serves as a comprehensive hub, consolidating all financial data and categorizing it with precision. By having unlimited access to transactions and bills, accountants can easily track and reconcile financial activities, eliminating the need for cumbersome spreadsheets and manual data entry. This streamlining not only saves time but also significantly reduces the risk of error, fostering a more accurate and reliable accounting process. 

Openfloat Mobile App  

Mobile apps have emerged as a useful tool for business owners seeking real-time access to financial reports. With the power of mobile technology, business owners can access financial reports in real-time, irrespective of their location. Mobile apps have revolutionized financial reporting by providing instant access to critical information, including cash flow, profit and loss statements, balance sheets, and more. This real-time data empowers business owners to make informed decisions on the go, respond swiftly to market changes, identify opportunities, and address challenges promptly. With the convenience and efficiency of mobile apps, business owners now have the tools to stay ahead of the curve and drive their businesses towards success in an increasingly dynamic and competitive environment. 

Recognizing the growing need for real-time financial management and the power of mobile technology, we have also launched the Openfloat app on android phones. Business owners can now access the Openfloat solution from the convenience of their smartphones or tablets. Whether it's managing digital disbursements, tracking petty cash, utilizing the General Ledger, or leveraging other innovative features, the Openfloat app puts the full range of financial solutions right at the fingertips of entrepreneurs on the go.  

Seamlessly integrating with the website, the app offers a user-friendly interface, ensuring a smooth and efficient user experience. Business owners no longer need to be tied to their desks to stay on top of financial matters; with the Openfloat app, they can make informed decisions, manage finances, and drive their businesses towards success from anywhere, anytime. Embrace the future of financial efficiency with the Openfloat app and unleash the full potential of your business at your convenience. 

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Published In: Payments

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