Customer case
International close 5 days faster and FX leakage finally visible
Multi-currencyTechnology500 to 2,000 employees12 months of use
Result data
- -5 daysin the travel accounting close
- $52Kin FX leakage identified and renegotiated
- 100%of expenses with an auditable original amount
The story
- Challenge
- Dollar, euro and peso expenses filed in home currency by travelers, with estimated rates and manual checks at closing.
- What was done
- Automatic conversion at the expense-date rate, policy in local currency and headquarters consolidation into a group currency.
- Measurement period
- 12 months of use
In the customer's words
"We used to close the month with three FX spreadsheets and still nobody knew the real cost of a Miami trip. Now the report comes out converted, with taxes and spread broken out."
Company profile
- Sector
- Technology
- Size
- 500 to 2,000 employees
- Feature applied
- Multi-currency
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