Challenges faced by our clients before Volopay
1. Borrowing company cards
Employees that are out visiting customers and traveling around Singapore had to rely on their private funds for company expenses. When they were in the office, they borrowed the cards mostly from one of the partners.
2. Messy procedures and no spending overview
The company experienced issues trying to figure out all the purchases. There was also a lot of signing and approving processes in place. The condition became worse due to no real-time insight into company spending.
The Solution
As one of our clients puts it, Volopay helped their company - “put their money where their mouth is” by not just talking about employee trust, but actually empowering them with Volopay cards so they purchase what is needed for the team or their clients, without the unnecessary approval processes.
New culture after Volopay
1. While every employee is given a Volopay card to buy the things they need for work, real-time limits are in place, so the partners can feel safe at any time.
2. The amount of work with expense reports for the bookkeeper declined heavily. The fact that all employees can spend more time on their primary job is something that companies value a lot.
3. Seeing spending as it happens in real-time gave a clear overview of all transactions and provided companies with context about every purchase made with Volopay.