In control of marketing spend

Virtualrunners.de is the coolest virtual running events platform for keen runners who cannot run marathons outdoors. The platform eliminates the perceived feeling that you are running alone.

Headquarter

Germany

Industry

Marketing

Employees

10+

Started using Payhawk

May 2020

Challenges

Card issuance

Control

Features they love

  • Cards
  • Spend policies
  • Support
person_icon

“It was quite difficult to track 4-5 credit cards. If something was wrong, It took a lot of time and effort to figure it out.”

Kishor Sridhar, founder of Virtual Runners

featured-image

Dream Big

Kishor Sridhar lives with his wife and three children in Munich. He grew up (mostly) in Germany as the son of an Indian scientist and a German employee. Kishor spent some time living in India, the USA, and Russia, and is a true embodiment of a citizen of the world. His passions include the modern art of the 20s and 30s and he enjoys German and international classical literature. 

 

When it comes to his professional career, Kishor likes to transfer his diverse interests into successful business ventures. Writing, lecturing, researching, consulting is part of the successful endeavors he excels in. Virtualrunners.de is a platform for runners built by runners. When COVID-19 took away collective running, they decided not to put up with the new normal. Their platform allows people to continue enjoying the freedom of running and connect you with each other in a unique community.

Kishor invests his energy in exploring the big picture. For him, slowing down to tackle menial tasks is a waste of one’s life. 

 

The Challenge

Before switching to Payhawk for his expense management, Kishor covered his advertising expenses on 5 different credit cards split across different teams. He even gave access to these funds to external advertising agencies so that the process was smoother. At the end of every accounting period, finding out how much he spent was nearly impossible. There are numerous transactions from different sources with no additional information attached to them. If you wanted to do a quick estimate, you would have spent the effort of building a full-blown report.

 

“It was quite difficult to track 4-5 credit cards. If something was wrong, It took a lot of time and effort to figure it out.”

 

video_image
icon

Founder Kishor Sridhar tells the story of Virtual Runners

The Solution

Kishor started looking for an expense management solution that would allow him to keep the flexibility of the cards but at the same time focus on transparency, control, and ease of use. The ability to track spending in real-time, coupled with higher credit limits, was the missing ingredient he needed. For Kishor, the two pillars when it comes to managing money are transparency and control. Kishor chose Payhawk for one simple reason. 

 

“Payhawk’s platform is like a cockpit that provides me with the ability to manage advertising spend in a controlled and transparent way. The flexible card management allows me to monitor all spending in real-time and provides me with peace of mind when I need to give access to funds to external employees.”

 

Focused on delivering value, rather than looking for expenses, Kishor launched VirtualRunners and is helping people stay connected with what they love.

 

Transparency and control

The ability to treat your company’s money like your own makes spending easier to track. It removes the tricky element of not remembering which employee authorized payment or subscription renewal. The final touch of this is that you are the owner of the information. With a few simple clicks, you can set up custom filters to help you see what’s your spending. Having this, now you have everything to see whether the channels you are using are helping or not.

 

big image
icon

With Payhawk you can control your marketing spend on all your platforms and your clients.

Anything you are missing with Payhawk?  

He would like to have instant transfers so there is no need to transfer money from his bank account. We have that in our roadmap, by the end of 2020 we can deliver this to him and all our Visa customers. 

 

If you want to learn more about how we can help you with your company expense management, don’t hesitate to book a demo with us. We will be happy to answer all your questions.

Not Company mail

Get the whitepaper now!


Terms of Use


Select

icon

Download now