GOALS

• Wants to empower employees with corporate cards while maintaining strict control over spending limits and usage policies to prevent overspending
• Aims to improve cash flow management by gaining real-time insights into company expenses and automating payment processes to optimize working capital
• Seeks to integrate all financial operations into a single platform to have a holistic view of the company's financial health, enabling data-driven decision-making.

Frustrations

• Concerned about the lack of visibility and control over employee spending, leading to unexpected expenses and budget overruns
• Finds it time-consuming to manually track and manage company expenses, leading to delays in financial reporting and analysis
• Frustrated with the inefficiencies of traditional banking and payment methods, seeking a more modern and streamlined approach to managing company finances.

GOALS

• Wants to automate the expense reporting process to eliminate manual data entry, reduce errors, and ensure timely reimbursements for employees
• Aims to improve budget adherence by setting clear spending limits, tracking expenses in real-time, and generating alerts for potential overspending
• Seeks to streamline the accounts payable process to reduce manual work, improve vendor relationships by ensuring timely payments, and minimize the risk of late payment penalties.

Frustrations

• Spends significant time reviewing and approving employee expense reports, often dealing with incomplete information, missing receipts, and policy violations
• Struggles to track actual spending against budget allocations effectively, leading to surprises and difficulty making necessary adjustments
• Faces challenges in managing a high volume of invoices, often dealing with manual data entry, paper-based approvals, and difficulty tracking payment statuses.