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Customer Story – Syft

How Syft got rid of their admin and expense headaches with Pleo

The Challenge

Before using Pleo, Syft’s fast growing team had many challenges with their spending processes. They were disjointed and required a lot of manual inputting and reconciliation. This meant it was a very time consuming for their admin team and could lead to inaccuracies in their reports.

The Solution

Syft found Pleo to be the very first solution they had come across that offered a full end to end tracking and reconciliation process from spending, to reconciling with their accounting software. To sum up, Pleo seemed to offer everything their company needed.

The Result

There are 3 main benefits that Pleo provides to Syft:

  • No more reimbursements:

    Syft doesn’t have to reimburse their employees who had made company expenses with their private cards anymore, a process they found unscalable.

  • Real-time spending tracking:

    Novo found Pleo gives them a great insight into spending habits of their departments, which helps them with financial forecasts.

  • All receipts in place:

    The finance and operation team doesn’t need to chase receipts from employees as all the receipts are automatically matched with the right transactions.

What Pleo provided

Quick onboarding

Use your current bank and get going in a matter of minutes.

Payment cards for employees

Generate virtual or plastic Pleo cards for all employees.

Spending limits and rights

Define custom rights and limitations for each employee.

Receipt matching

Categorisation and matching of receipts happen as you pay.

Real-time dashboard

Stay on top of all company spending in real-time.

Accounting integrations

Avoid repetitive procedures, connect Pleo with your accounting software.

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