See what Jeeves’ Vice President of Finance has to say about how using the platform played a crucial part in enabling its rapid global expansion.
See what Jeeves’ Vice President of Finance has to say about how using the platform played a crucial part in enabling its rapid global expansion
See what Jeeves’ Vice President of Finance has to say about how using the platform played a crucial part in enabling its rapid global expansion
Maintaining control over expenses across multiple countries and legal entities is a daunting challenge for rapidly-scaling companies. Recognizing this, Shalom Hassan, Vice President of Finance, knew the finance team had to completely leverage the company’s own platform to ensure seamless global scalability.
The Jeeves platform served as a centralized hub, effortlessly integrating global corporate cards, accounts payable, and spend management, facilitating rapid hiring and expenditure without additional platform adjustments.
As a growing company, the Jeeves team is constantly welcoming new employees. Traditionally, introducing team members to new tools and software requires significant time. That isn’t the case for Jeeves.
“Onboarding new team members to Jeeves is important. Not only does it allow employees to dive into the actual product we’re offering our customers, but we also want to ensure everybody’s able to work from day one,” explains Shalom.
“Getting them set up on Jeeves is simple. We add them as a free user, assign an approver, issue them physical and virtual cards with spend controls, and their physical card will arrive in the mail a few days later. With virtual cards, they're able to order to use it to order supplies like a work laptop - instantly.”
Not only does the Jeeves platform help with expanding the team, but it also expedited the company’s expansion into Brazil and Colombia. Without Jeeves, the finance team would have had to set up local bank accounts, corporate cards, and location-specific payment methods for each country.
With Jeeves, they were able to create BRL and COP accounts with Jeeves Cash, a product that offers the ability to open global business accounts in a fraction of the time. Jeeves Pay, the company’s accounts payable solution, allows the finance team to pay vendors across 150+ countries and 40+ currencies at market-leading rates and speed.
Leveraging Jeeves as its sole spend management platform served as a critical advantage to the team’s continuous growth, especially into 2023 as the economy took a shift in direction from previous years. Jeeves’ finance team has a streamlined spend management process, allowing employees to submit expenses seamlessly through the app.
What would traditionally require manual data entry and the hassle of manually chasing down receipts was now replaced by one-click receipt submissions and automated reminders, saving valuable time for both the employees and the finance team. The benefits of Jeeves for the finance team didn’t stop there.
Despite operating across seven countries, the team was empowered with real-time control across the whole team. Jeeves Cards and Jeeves Pay leverage built-in spend policies and automated approval workflows, mitigating the risk of overspending and ensuring compliance with financial policies.
The simplified process not only enhances the user experience but also contributes to a positive, healthy organization culture around fiscal responsibility. As a result, the team has more bandwidth for strategic financial planning and analysis.
Part of the Jeeves team in the Mexico City office.
Jeeves has proven to be a game-changer for its own finance team, revolutionizing expense management within the organization. The ability to scale to seven countries within the span of a few years is a reflection of the tangible benefits that Jeeves has brought to its own financial operations.
The tool has empowered the finance team to focus on strategic initiatives, turning their attention from tedious data entry to value-added financial analysis. As Jeeves looks towards the future, the team is excited about being the guinea pig for the upcoming products and features the company has in store. The Jeeves platform has become an integral part of the organization’s global growth strategy, supporting not only the current operations but also laying the foundation for future expansion.