Payhawk vs Fyorin

Payhawk offers Visa-powered debit and credit cards with expense controls, as well as OCR for receipt scanning, but places limits on the number of cards that can be issued depending on the pricing tier. In contrast, Fyorin provides Mastercard and Discover cards with high default limits (up to €200,000), unlimited card issuance and dynamic issuance via API, and the unique ability to link multiple virtual cards to a single physical card for on-the-go flexibility. Fyorin delivers actual cash back rather than points, and its partnership with Discover eliminates airline surcharges and secures acceptance with low-cost airlines, a significant advantage for travel-sector businesses.

Fyorin provides comprehensive expense management that focuses on accuracy and automation throughout the entire expense lifecycle. While Payhawk uses OCR technology for data extraction from receipts and categorisation. Fyorin goes a step further with automatic reconciliation of expenses and claims based on the claim period rather than expense date, avoiding inaccuracies and accruals. Pre-approved claims that automatically fill in with transaction details eliminate redundant approval processes and keep your business operations agile for both employees and finance teams. The web portal makes receipt upload simple, and all expense data syncs in real-time with leading ERPs. Fyorin's approach eliminates reliance on often incomplete or delayed card transaction data, providing finance teams with timely, accurate expense information.

Unlike Payhawk's multi-entity support that's primarily focused on payables and expense management, Fyorin delivers the experience across the entire financial operation spectrum. With the 360-degree visibility of total cash positions across multiple banks and entities and the ability to manage and rebalance these positions as needed, users can manage FX exposure, optimise liquidity, as well as manage day-to-day financial processes-payables, receivables and expenses, all from a single platform. This comprehensive approach eliminates silos between entities and provides finance leaders with an enhanced governance and control over their global operations, something Payhawk's more limited multi-entity functionality cannot match.

While Payhawk offers invoice data extraction and basic matching with ERP records, it lacks a full end-to-end accounts payable experience with payment execution from the platform. Fyorin delivers a comprehensive payable automation, from invoice through payment execution to automated reconciliation. This eliminates the need to switch between tools or rely on manual payment runs. Fyorin supports bulk payments, merged payments and automated reconciliation through direct integration with leading ERPs. Beyond AP, Fyorin extends automation to accounts receivable processes, enabling businesses to issue invoices, collect payments in multiple currencies, and automatically reconcile incoming funds and segregate them into sub-accounts, creating a truly unified financial operations platform rather than just an expense and payables tool.

Payhawk operates with a tiered pricing model that separates features into basic card functionality, expense tools, and enterprise capabilities, with certain, more advanced features such as ERP integrations with Netsuite and Microsoft Business Central, as a paid add-on. Card issuance limits are tied to subscription levels, potentially increasing costs as companies scale. Fyorin offers a more transparent, usage-based pricing model without limits on card issuance and with handy modules which can be switched on or off depending on the need. Fyorin's integrated approach combines cards, expenses, payables, receivables, and treasury functions in a single platform with ERP integrations included as standard, providing better value and predictability for growing businesses.