Dathena Sciences calmed the chaos of chasing employees for expense details with Volopay
Before switching on to Volopay, Dathena was facing the following spend challenges in the company:
The Dathena team used bank debit cards from a single account for all their employee expenses. This posed a great risk as all the transactions were happening from a single account, and managing those was a mess for the managers.
The managers/accountants had to run to after their employees requesting them to submit their expenses receipts on time. However this is something the employees were always a little less proactive towards, and this made end-of-the months no less than mayhem for the accounting teams.
Industry: Location: Employees:
IT Singapore 51-200
'Volopay has managed to cater to our organization's needs and is always open to working on feedback to make the system experience better for the user. The ever-helpful nature of the account manager and customer service is no short of excellence'
In January 2020, Dathena came to know about Volopay and onboarded right away after the product demo. After onboarding, they distributed individual Volopay cards to their employees. The managers were able to prefix budgets into individual cards as per requirement and also track the spending in real-time. On the employee side, they could just request funds with a few clicks and the managers were able to approve/reject them on the go.
Jeanie (Accountant at Dathena) said "With Volopay, we can assign budgets for the cards and have the expenditure approved by their manager before finance processes them. It has helped to ease the approval level and better accountability of the expenses by the card owners while the company is able to monitor the spending".
With Volopay, now the team didn't have to run after their employees for their expenses receipts. The employees just uploaded the expense details on the app itself, easing the month-ends for the accounting department.
Moreover, the ability to sync all the transactions with Xero, helped them eliminated the necessity for more data entry, thus saving them significant working hours that were previously spent attaching the supporting and creating the entry in the accounting system
Streamlined expense flow: With individual cards for every employee and real-time approvals before payments, the way team Dathena made their expenses was simplified and organized effectively. Employees had a greater understanding of their budgets while managers could enforce the expense policies with great control.
Employees' spend independence: The employees feel empowered as they could make spending decisions on their own, and didn't had to pass through multiple desks for making a single expense, all of this, without the managers compromising on control.
Real-Time Visibility: The managers were able to track all the expenses in real-time, and could ask their employees for more spend details, if required, all of this on a single dashboard.
Savings (Money): With the introduction of the Bill Payment feature, Volopay provided us with cheap FX rates allowing us to save significantly on our domestic and international transactions.
Savings (Time): With the elimination of manual data entry, team Dathena was able to save considerable working hours and the managers were able to focus on tasks that really mattered. This improved the overall productivity of the company.
What Volopay provided Dathena
Physical and virtual cards for all the employees, therefore they spend and you track in real-time
As soon as you onboard on to Volopay, we assign a dedicated account manager who is always there to help you with the platform.
Volopay integrated all their expenses to the accounting software they used daily, thus automating their entire financial process.
Classification and matching of receipts as you pay. So now no hunting for missing receipts!
A user-friendly and intuitive dashboard to track all your employee expenses in real-time.
Sign up in minutes and shift all your business expenses to Volopay in just a few hours.
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