OfferZen
Managing team spend and creating transparency on company expenses with Programmable Banking
OfferZen is a job marketplace for software developers. They are a remote-first company, with employees across South Africa and Europe. Every team member has access to a shared team card to spend money and is given heuristics around how to spend, with the ultimate goal that everyone is empowered to do their job better.
The Problem: Manually managing employee purchases and compiling spend data
Empowering employees to independently spend money requires a way to track expenses, without taking up valuable time from employees. OfferZen found that their finance team was spending hours every month trying to track and manage purchases.
The Solution: Immediate expense claims and categorisation, and spend data formatting
The OfferZen team built Roz – a simple app that uses Investec Programmable Banking and is affectionately named after the character from Monsters Inc. It works like this:
All teams are given access to a shared Programmable Banking card to make purchases.
This information is fed into the app, which the finance team has administrative control over.
The app updates the spend claims automatically and creates a CSV export into the format required for upload into their accounting software.
Winning with Programmable Banking
Employees are empowered to categorise their own spending, a process that would usually take the finance team a lot of time.
Recurring expenses are automatically categorised each month.
The CSV export saves the finance team from having to manually compile this information.
If you want to use this solution for your business, the open-source project is available here.
Read more about how OfferZen uses Programmable Banking to manage team spend here.
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