Customer Testimonial: Carer Solutions

In this exclusive interview, Carer Solutions' Chief Financial Officer, Adam Shnider, talks about his expense management experience before Budgetly. 

Watch as Adam explains how he managed to cut down reconciliation time to just half an hour a week - freeing up time for his staff to focus on more important matters. 

See our video with Adam below. 

Click here to read the full case study with Carer Solutions. 

Budgetly helps Aussie businesses, NDIS service providers, and non-profits reduce tedious administrative work in expense management through our prepaid corporate cards and expense management software.

Interested in having a chat with our team? Schedule a demo with us today, or watch a 10-minute recorded demo. 

Full video transcript

Speaker: Adam Shnider

Position: Head of Finance 

Company: Carer Solutions

(0.00) At Carer Solutions, we've made it our mission to work alongside people living with disability. We offer a one-of-a-kind Direct Employ service where people can bypass agencies and employ support workers that they know and trust. We ease the strain on partners by taking on employment obligations such as payment of wages, superannuation and work cover on their behalf. 

(0.26) Before we would use Budgetly, we used to share two credit cards amongst a team of 15 to 20 people. So the credit card could have been in one person's name but they may have no knowledge of the transaction, and then you're trying to find who may have had the card on that any given day. 

(0.43) If we had expense reimbursements, people may or may not be supplying receipts for them; may or may not be giving a description for the transaction itself either. It could take days to be able to reconcile credit card statements. It could take hours to be able to process expense reimbursements. 

(0.58) I heard about Budgetly through a colleague of mine, he was aware of the pain points that we had as a business and suggested a demo with Budgetly would solve all of our problems - a half hour demonstration and I was sold! It's quick and easy to set up. It's quick and easy to provide access to the right people. When you're ready to make a transaction you open up the app and you select the budget. And as soon as you've done that, you're ready to use the card. It reminds you to attach receipts so you don't have to hold on to anything to submit at the end of the month. And the portal is so clean. It's so easy to use. You really can't get it wrong. 

(1.34) I did have exposure to some of the other… let's call them expense management systems. They didn't quite address the needs that we had as a business. Most of them still require the access to a credit card and credit cards have ridiculous limits. The ability to restrict or grow the budget as needed…it's just… it makes so much sense to use Budgetly.

(1.57) In the past, it would take us probably about a day, maybe even more, to do a credit card reconciliation, and a few hours to process expense reimbursements. To have to do that each and every month, it's quite time-consuming. Instead using Budgetly, it takes us about half an hour a week to do our reconciliation for weekly transactions, and maybe an hour at the end of the month to upload those transactions all into our financial software.

(2.30) Over the course of a month or a year, those time savings of, you know, a week or two weeks of having an employee freed up to focus on other things it makes a huge difference. It takes the complexity out of expense management and throws it out the window. That also provides us with greater control as a finance department because we can set the budget for any individual and for any department, and we can adjust it as time goes.

(3.00) For any other, you know, Head of Finance, or CFO, or any other finance professional looking for a solution to expense management - the ability that you have to control that level of spend, to assign it already before you have to go to your month end processes, and know that the transactions will be going to the right profit and loss accounts, there'll be sitting in the right budgets - everything is set up for you to succeed. 

Budgetly makes that happen for you.

Watch a 10-minute demo today - https://hubs.li/Q01kxY6D0