VATIT
Self-service employee expense categorisation with Programmable Banking
VATIT is a leading tax firm in South Africa specializing in Corporate Income Tax, VAT, and other tax types.
The Problem: Manually managing and tracking employee purchases
The finance team would go through a monthly cycle to get all of the receipts from employees submitted - which would take almost 20 work days to complete. Both the bookkeepers and employees were spending a lot of time ensuring their accounting records were accurate.
The Solution: Immediate expense claims and categorisation
VATIT implemented a SlackBot, based on the OfferZen team spend project, which helps their employees claim and categorise their spends.
Every time an employee spends money on their card, the transaction is posted to the appropriate team Slack channel.
The employee to which the transaction belongs claims the purchase and categorises it.
Winning with Programmable Banking
The SlackBot has removed the need for the finance team to try to figure out who the spend belongs to.
Employees can categorise their own transactions immediately in the Slack channel.
The solution has reduced the workload overall and VATIT has significantly reduced their 20 work day recon process.
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