How Zoho Expense saves days worth of expense reporting busy work for a growing logistics software company
When manually reporting expenses began taking up a week's worth of time, the finance team at LogiNext solutions realized they needed a more efficient system of tracking and managing their expenses.
With many years of experience in the logistics optimization space, Dhruvil Sanghvi started LogiNext Solutions with the primary goal of optimizing the movement of goods for companies who have been struggling with logistics. Founded in 2014, LogiNext has grown from a five member team to 150 members, all of them dedicated to helping businesses reduce the cost of moving their goods. They offer services like real time tracking and analytics, serving customers from a variety of industries including e-commerce, retail, and manufacturing.
Manual expense reporting proved to be costly
Before Zoho Expense, expense reporting at LogiNext was done manually. From capturing expense information to recording reimbursements, everything was done on paper. This method wasted lots of time--the finance team had to spend four to five days each month just collecting expense reports from all of the employees.
In addition to being time-consuming, this process was also highly erroneous, resulting in mistakes and loopholes that took up even more of the finance team's time. What was supposed to be a small part of their job turned out to be a much larger, unnecessary one, directing the finance team's energy away from more important work.
Dhruvil finds Zoho Expense
Dhruvil and the team wanted to automate their expense-reporting process, and so they set out to find out the ideal software for their business. Having been a Zoho customer for almost two years now, Dhruvil decided to give Zoho Expense a shot.
"I have used Zoho products before and I have liked what (they) had to offer," he said."We were searching for a good expense reporting software on the web and thought, why not start with Zoho? That's how we found Zoho Expense, and we are glad we did."
"After we implemented Zoho Expense in our company, we have literally managed to bring down the expense reporting errors to zero. The finance team now doesn't have to run behind employees for the receipts. Since the approval process is now streamlined, there are no loopholes in the system whatsoever.With Zoho Expense, they have saved a lot of man hours, especially for the finance team."