Why Moneybox doesn’t chase team members for receipts anymore
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
