Volopay assisted Accrets International in simplifying their accounts payable

Customizing IT services such as Cloud Computing Solutions and IT Infrastructure is important for many businesses to manage and operate their internal processes efficiently. Accrets International, as an organization, helps businesses build this infrastructure for them and continually maintain it. 

With this constant and recurring back-and-forth of operations, come many financial challenges for employees. 

● Reimbursement claims

● Syncing expenses to accounting software

● Personal funds being used for business expenses

Accrets International’s finance team faced a hard time working on reimbursement claims, verifying them, and then processing each claim individually. Additionally, in many cases, employees had to use personal funds for business expenses such as paying for online subscriptions, which increased the amount of reimbursement claims being processed.

There was also no easy way for the team to import all the expense data into their accounting software (Xero).

● Virtual cards to cover business expenses

● Reduced workload for the finance team

● Automatic sync of costs in accounting software

In order to reduce this workload and make the financial process more efficient, the company started using Volopay’s expense management system in order to have complete visibility of expenses across the organization. It also helped them track expenses in real time and reduced the workload of the finance team by automating many processes.

The ability to generate virtual cards from the Volopay dashboard and the Bill Pay dashboard removed the need for employees to use their personal cards for expenses, or to go through the tedious claiming process.

Finally, with the help of Volpay’s native integration that it has with Xero, their finance team was also able to automatically sync all business expenses to their accounting software.

Volopay assisted Accrets International in simplifying their accounts payable with virtual cards and the Bill Pay module, in reducing financial workload with an organization-wide expense management dashboard, and in automatically recording expenses into their accounting software.

The finance team saved almost 5 hours of their time every week and about 200-300 SGD every month was saved on payments using Volopay’s infrastructure.