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Why Moneybox doesn’t chase team members for receipts anymore

author

Cerrith Moore, Head of Finance

200 employees

7.5 hours saved per month

98% of receipts collected

46 subscriptions managed

Company

Moneybox is an award-winning app which helps everyone save and invest for their future by making it easy for people to get started, and providing the tools and information they need to confidently work towards their financial goals. www.moneyboxapp.com

Headquarters

London, England

Industry

Savings & investments

Key challenges

  • Hard-to-manage company credit cards
  • Unclear approvals for credit card purchases
  • Lack of control over receipts
  • No real visibility over spending
  • Fast growth, with processes that wouldn’t scale

Solutions

  • Employee debit cards to replace company cards
  • Expense reimbursements directly from Spendesk
  • Spend processes that employees control - not finance
  • Automated software subscriptions

Key results

  • Clear approval workflows for all spending
  • Finance team free from chasing receipts
  • Full visibility and control over company spending
  • Payments and reimbursements in a click
  • Time and money saved on expenses

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