Paylocity for Finance (Airbase)

Paylocity for Finance is the current brand for Airbase, a spend management platform that Paylocity bought for about $325 million. The deal closed on 1 October 2024. It puts accounts payable automation, physical and virtual corporate cards, employee expense reimbursement and guided procurement with purchase orders in one system. All of these run on a shared approvals engine that routes requests by department, spend category and dollar amount. Since the acquisition, Paylocity has been joining the product to its HCM and payroll platform, so customers can see payroll and non-payroll spending together. Before the deal, Airbase was aimed at companies with roughly 100 to 5,000 employees and had more than 500 clients. That makes it a better fit for mid-market finance teams than for very small firms. It syncs with accounting and ERP systems such as Oracle NetSuite, Sage Intacct and QuickBooks rather than keeping its own general ledger. Pricing is not published. Buyers get a custom quote based on company size, transaction volume and modules, and reviewers describe it as historically costlier and slower to set up than self-serve rivals like Ramp and Brex. The main limitation is that it is a spend tool, not an accounting system. Its roadmap now also depends on Paylocity's integration priorities.