Life before Payhawk
For TIER-Dott, managing finance operations before implementing Payhawk was a complex and inefficient process. The company relied on three separate tools to manage out-of-pocket expenses, corporate cards, and VAT tracking. This fragmented setup led to standard challenges, such as the time-intensive task of extracting and transforming data from multiple systems, and more critical issues like the inability to manage VAT reimbursement effectively. Ilia Shabrov, Head of Finance Systems shares:
We had three tools that weren’t fit for purpose. Managing them required manual interventions, and none of them provided the functionality we truly needed.
The lack of approval workflows and integration capabilities further limited their ability to streamline processes, leaving the team searching for a comprehensive solution that could consolidate their needs under one platform.
Choosing Payhawk
The decision to adopt Payhawk was driven by two primary factors: the inefficiencies of their existing tools and the potential for reclaiming VAT. Payhawk emerged as the preferred solution due to its superior functionality, promising product roadmap, and positive customer references. Ilia:
"During our evaluation, Payhawk’s functionality stood out. Their roadmap showed growth potential, and the positive feedback from reference calls solidified our decision."
Unlike its competitors, Payhawk demonstrated a commitment to continuous improvement. In the years following the adoption, Ilia observed significant updates and new features, reaffirming the company’s choice.
Nederlands (NL)
