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Austrianova achieved 70% faster audits with 99% compliance rate with Volopay
Compliance rate
Audit-ready documentation and reporting with better compliance rate
Faster audits
Grant reporting preparation time reduced with faster audits
FX savings
Leakage reduced on international imports with FX savings
Austrianova is a biotech company based in Singapore embracing leading world quality standards for the production of cell-based products. Their area of expertise is in Cell Biology, GMP-grade Cell Products, and Encapsulation of Living Cells.
â—ŹÂ Lack of access to creditÂ
â—ŹÂ Lack of corporate cards for subscription management
â—ŹÂ Manual reimbursements
â—ŹÂ Invoice management and approval workflows
Volopay corporate cards can be issued and activated in order to manage subscription payments. Employees are empowered to manage subscriptions without the risk of double charges or duplicate subscriptions, and cards can be issued for specific vendors and frozen when they are no longer required.
Volopay offers lines of credit to help up-and-coming businesses manage business operations without running into funding obstacles. With competitive interest rates and payment plans, as well as flexible terms, these offer a more accessible solution than traditional bank loans.Â
Volopay’s reimbursement module allows employees to file claims and attach receipts quickly, and the approval workflow enables managers to approve reimbursement on the go without excessive delays.Â
Volopay has automated workflows to manage invoices and schedule payments to prevent delays. Users can take advantage of competitive rates, automated invoice logging and matching, as well as automated transaction logs to make the process more efficient instead of relying on manual payment triggers.Â
Austrianova reconciles lab consumables 50% faster with 20% less misuse
Austrianova's patent filings are always on time with 80% faster invoice processing
Austrianova's HSA fees are paid without error their regulatory delays are gone
Austrianova joins a host of Singaporean biotech companies using Volopay, becoming one of many that enjoy remarkable improvements in expense management.