Customer Story
Dathena - Case Study
- EXPENSE AWARENESS: Employees are now more aware of their cost spending. They have access to the funds as agreed in the budget.
- SAVINGS- TIME AND MONEY: Reduction in the time spent by the finance team on invoice processing and remitting payment.
- AUTOMATION: Direct interface between systems makes the process efficient as duplication of manual work is reduced.
The Challenge
- The Dathena team used bank debit cards from a single account for all their employee expenses. This posed a great risk as all the transactions were happening from a single account, and managing those was a mess for the managers.
- The managers/accountants had to run to after their employees requesting them to submit their expenses receipts on time. However this is something the employees were always a little less proactive towards, and this made end-of-the months no less than mayhem for the accounting teams.
The Solution
Jeanie (Accountant at Dathena) said "With Volopay, we can assign budgets for the cards and have the expenditure approved by their manager before finance processes them. It has helped to ease the approval level and better accountability of the expenses by the card owners while the company is able to monitor the spending".
With Volopay, now the team didn't have to run after their employees for their expenses receipts. The employees just uploaded the expense details on the app itself, easing the month-ends for the accounting department.
Moreover, the ability to sync all the transactions with Xero, helped them eliminated the necessity for more data entry, thus saving them significant working hours that were previously spent attaching the supporting and creating the entry in the accounting system
The Result
Streamlined Expense Flow:Â With individual cards for every employee and real-time approvals before payments, the way team Dathena made their expenses was simplified and organized effectively. Employees had a greater understanding of their budgets while managers could enforce the expense policies with great control.
Employees' Spend Independence:Â The employees feel empowered as they could make spending decisions on their own, and didn't had to pass through multiple desks for making a single expense, all of this, without the managers compromising on control.
Real-Time Visibility The managers were able to track all the expenses in real-time, and could ask their employees for more spend details, if required, all of this on a single dashboard.
Savings(Money):With the introduction of the Bill Payment feature, Volopay provided us with cheap FX rates allowing us to save significantly on our domestic and international transactions.
Savings (Time):With the elimination of manual data entry, team Dathena was able to save considerable working hours and the managers were able to focus on tasks that really mattered. This improved the overall productivity of the company.
What Volopay provided Dathena
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