Alaan transformed the way CarSwitch handled petty cash and reimbursement inefficiencies
CarSwitch is on a mission to digitize buying and selling of used cars in the region, based on three core principles; great value, trusted quality, and all online. They are trusted by thousands of customers across the United Arab Emirates and Saudi Arabia. As the number of cars on the roads of the Middle East increased, so did the business volumes of CarSwitch, which eventually led the finance team to realise that there was a need to move away from a manual reimbursement approach to a more efficient, centralized expense management system.
Cumbersome reimbursement process and difficulty in procuring corporate card solutions
Being a start-up at heart, CarSwitch understood the importance of optimizing time-consuming processes. While the company was growing at a tremendous pace, the efficiency of its internal finance processes was not – hindering its ability to reach peak potential. They were finding it next to impossible to procure hundreds of cards for staff, the finance team was managing such expenses with petty cash and a cumbersome reimbursement process that became a monotonous task and hampered team productivity. CarSwitch was looking for an online platform to manage its day-to-day and operations-related expenses and came to the knowledge of Alaan.
Unlimited free cards with centralized reimbursement control
“Switching to Alaan saved CarSwitch about one week of work every quarter for our finance team, not to mention better visibility and control over business spend” said Irfan Anwar, Finance business partner. With the convenient Alaan app, the company was able to automate expense management, making it easier and faster for the team members to submit, verify, approve and track expenses. Managers could now easily access and review expense reports from almost anywhere,
“Switching to Alaan saved CarSwitch about one week of work every quarter for our finance team, not to mention better visibility and control over business spend!”
By issuing Alaan Visa cards for the teams, CarSwitch eliminated petty cash and cumbersome reimbursements and was able to issue 20+ cards instantly, which could be used anywhere. Today, Alaan cards are used across teams at CarSwitch for software, marketing, and field expenses making it an essential part of their internal financial processes.