From Revolut to Payhawk

About Quantive

With more than 600 clients worldwide, Quantive is the most powerful Objectives and Key Results (OKRs) platform that enables organisations to connect strategic priorities and daily execution. Closing a €9 million Series A financing round led by CRV, the company powered the evolution of its platform into an enterprise success system that helps customers amplify goal achievement and accelerate growth.

OKRs evolved from the DNA of goals and management by objectives (MBOs) at Intel in the 1970s. They migrated to Google in the late 1990s and the rest of Silicon Valley. OKRs are the best way for companies to establish focus and alignment around a shared purpose and embed transparency into the culture of an organisation to engage and excite everyone to deliver their best work.

We had a chance to talk to Polina, CFO at Quantive. She shared why they chose Payhawk over Revolut and why.

When did you start using Payhawk?

"We finally made an account with Payhawk at the beginning of the year 2020, but it was not until these past few months that we really started using it. We switched from Revolut to Payhawk not only because with Payhawk it’s easier to meet compliance requirements, but also because we get all the support we need."

What do you like most about Payhawk?

"I love the customer care!

If I ever find myself struggling with the platform, I just pick up the phone, call the Payhawk team and they are on it. Their customer support is the thing I value most. Everyone is so responsive – the Payhawk team is able to help me solve my issues even post working hours on weekends or holidays.

Product-wise, I really like the mobile push notifications that alert me whenever a card expense occurs. I’m advising everyone from the team to have those enabled because they are super effective.

What’s more, not long ago, I decided to check exactly how much we at Quantive were using the Payhawk platform. First, I checked if the team is scanning and uploading expenses documents. This is extremely important to us as our accounting team needs to track, store, and manage everyone’s receipts and invoices. And I was pleasantly surprised – everyone had uploaded their receipts. This is a major milestone. So, thank you for making the accountants’ lives easier!"

As a finance manager, what do you think of Payhawk’s web platform?

"I think that Payhawk offers the best combination of a payment platform and an expense management tool. It includes many layers and processes – your product is just perfect for mid-size companies.

Also, Quantive is currently working with an external accounting firm. The accounting firm recently told me that they love how they receive the information from Payhawk. The information is consolidated, with links to all the documents – this is of huge convenience to them and again makes the work of a regular accountant painless."

Sometimes customers are nervous to give payment cards to employees. How would you convince finance managers of company card benefits?

"In my opinion, all employees who go on business trips should have such cards. If you fear that people will use up all company funds, just set low spending limits, like 100 Euros.

This is a convenient, paperless, and totally secure process. If needed, you can freeze the card in a minute. Finance managers can administer limits and access to all expenses in real-time. So, my advice would be – if a finance manager has any concern over providing other employees with payment cards, they should just start with lower spending limits.

What we previously did at Quantive was to make bank wire transfers before trips. This occasionally led to delays in payments. That’s why having Payhawk corporate cards makes everyone's life easier."

Your next steps

If Quantive's story sounds familiar and you're ready to introduce smart paperless expense management and robust card controls, book a personalised demo today.