The pain point all too often felt for international cross-border entities, especially small but fast-growing startups is the difficulty to manage employee expenses across multiple jurisdictions. This was especially the case for our clients [Expense Co.] In this article, we will discuss how we created a custom solution to address this issue and drastically improve the finance operation of our client.
Our client (Expense Co.) runs a tight but profitable operation helping Asian nationals migrate or invest in Europe. Based in Hong Kong, their operations span multiple countries across several continents.
In order to fuel the demanding growth required, they field a multi-jurisdictional sales team that accumulates expenses 10+ currencies. For their centralized finance department, it was imperative to track the transactions across the different currencies and ensure they are following the budget that was set out and safeguarding profitability. Previous to working with CanCan, they were using excel and several other manual processes, which lead to a massive headache in coordination and inaccuracies due to human error. CanCan stepped in with a customized solution to digitize their processes and bring all systems under one umbrella, increasing their efficiency greatly.
Features that cancan provides:
- Customized software suite to digitize your processes
- Expense management and approval system
- Flexible budgeting system that connects with the expense management module allowing for seamless tracking and notifications when the budget may be exceeded
- Support for over 20+ major currencies with the ability to add currencies as needed
- Easy export of data to excel for further analysis
If this is an issue your company is dealing with, suffer no more and book a consultation with CanCan today. Don’t let manual processes bottleneck your efficiency. Unleash your business potential with CanCan Digital Solutions and feel free to Contact us Now. Visit to know more about CanCan: https://cancangroup.com/
