We’re excited to announce the release of SiFi v2.5.0, packed with powerful new features and improvements that will take your financial management to the next level. This is the largest update in SiFi’s 2024 journey, focused on giving customers greater control, transparency, and efficiency in managing their funds. Whether you're overseeing corporate budgets or personal finances, these updates will provide you with the tools you need for better decision-making and smoother operations.
💼 Funded Budgets: Your New Financial Superpower
Managing your finances just got easier with the introduction of Funded Budgets. Think of them as "sub-wallets" within your main SiFi wallet, allowing you to allocate specific funds to particular budgets. This ensures that every transaction or card payment tied to that budget draws directly from the allocated funds, giving you more control over your spending.
For organizations, this feature is especially valuable for budget managers. With clear visibility over fund allocations and the ability to easily transfer money between budgets and the main SiFi wallet, you can ensure your team has access to permitted funds, while keeping an eye on overall financial health.
🏦 Domestic SARIE Transfers: Seamless Banking Integration
We’ve also added support for Domestic SARIE Transfers, enabling SiFi customers to send money from their SiFi wallet directly to any bank account in Saudi Arabia. This new feature provides control, transparency, and automatic accounting updates, simplifying your financial workflows and making it easier to manage transfers between platforms.
Whether you're making payments, reimbursing employees, or handling transfers, Domestic SARIE Transfers ensures fast, reliable, and fully accounted transactions.
❌ Declined Card Transactions: Clear Visibility and Guidance
No more mystery around declined transactions. With the new Declined Card Transactions feature, you can now view a dedicated list of all declined payments. But we didn’t stop there—we’ve added suggested actions to help you resolve issues quickly and avoid future declines. Whether it's a low balance or security restriction, this feature keeps you informed and in control.
👥 Onboard External Auditors
We’re committed to making financial management easier for everyone, everywhere. That’s why we’ve introduced the ability to onboard external auditors. With this feature, you can bring in financial experts manage your account transactions, ensuring seamless reconciliation with your accounting or ERP system.
🚀 Additional Improvements
We’ve also made several key enhancements to improve your experience:
- Receipt Upload and Viewing: You can now upload receipts directly from the table view and easily view them as images or PDFs with a simple hover.
- Streamlined Reimbursement Workflow: We’ve removed unnecessary steps, making the process faster and more intuitive.
- Enhanced Budget Management: Budget managers can now create cards without being limited by available budget balances, giving you more flexibility in managing your financial resources.
- Improved Account Statements: We’ve simplified account statements by removing unnecessary balance details and improving the display of internal transfer information.
- Incoming Transfer Details: To provide more clarity, we now show bank names, logos, and sender details for all incoming transfers.
🔍 Coming Soon: What’s Next for SiFi
We’re not stopping here! Stay tuned for upcoming features that will provide even more control over your finances, including merchant restrictions, enhanced universal accounting exports, and improved card settings for added security. We’re also working on updates to make temporary and permanent limit requests easier to manage.
At SiFi, we’re always striving to improve your financial management experience by adding features that matter most to you. This latest release is a huge step forward, and we’re excited for you to explore these new tools and improvements. As always, we’re committed to helping you achieve your financial goals with ease and confidence.
Stay tuned for more updates, and thank you for being part of the SiFi journey!