Fueling Greystone GT’s spend visibility
After evaluating several solutions, Ryan and his team chose Payhawk for our ‘all-in-one’ platform. Our platform combines corporate card payments, purchase orders, subscription management, and more in one place for better visibility and efficiency.
By incorporating both procurement and card payments into a single system, they’ve enhanced transparency and control, which are essential for managing the high-volume, high-cost transactions typical in motorsport.
Ryan describes:
I particularly like Payhawk’s line item functionality. It breaks down invoice details and splits them into lines. We can then analyse these line items in much more detail than with a traditional PO system.
Since adopting Payhawk, the Greystone GT team has gained vital visibility and control over its global procurement operations. It can now track expenses in real time from anywhere in the world.
“With Payhawk, we can now see exactly what’s being spent and by whom.”
‘Revving up’ supplier relationships with clarity and control
Since implementing our solution, Greystone GT has centralised procurement and enforced a formal process for managing purchase orders, ensuring that a validated PO backs every purchase and payments are only processed once all documentation is in place.
And with numerous high-cost purchases across multiple suppliers and regions, Ryan leverages our platform to better control supplier expectations.
“We’ve become quite strict with suppliers,” says Ryan. “If they don’t provide a valid purchase order, we simply send their invoices back and ask them to try again.”
The above approach ensures that supplier management involves robust procedures from start to finish by eliminating wasted time on incomplete orders.
Plus, with full visibility and control over all supplier transactions, the finance team can scale operations while keeping costs in check. The result? Stronger, more efficient supplier relationships that perfectly align with Greystone GT’s high-performance operations.
