PivotEQ | SEE A REAL BEFORE & AFTER STORY
Vantage Partners spells out the differences between their original manual process and automating with PivotEQ.Meet Carolyn!
Carolyn Conroy, Director of Financial Operations at Vantage Partners, oversees a lean finance team responsible for accurate, timely close. Before PivotEQ, credit card reconciliation required significant manual effort and constant follow-up. After implementing PivotEQ, her team automated reconciliation directly from Concur—freeing up time, reducing accrual risk, and improving day-to-day operations.
BEFORE
40+ Hours per Month
Reconciliation process – 100% Manual
Compare credit card statement to static report from Concur.
Chase cardholders – Weekly
CC transaction on statement but no expense report? Send an email.
Accrual situation end of month – Yikes!
500+ cc transactions still outstanding on average.
Carolyn’s popularity rating – : (
Let’s just say chasing cardholders was not great for team building.
Manual reconciliation drove excessive effort,
accrual exposure,
and inefficient cardholder follow-ups.
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“PivotEQ is the most time saving change we’ve made in finance!”
AFTER
30 Minutes per Month
Reconciliation process – 100% Automated
Credit card statement compares to Concur in real time.
Chase cardholders – Delegated!
Reminder emails sent to cardholders with outstanding cc transactions.
Accrual situation end of month – Near Zero
Fewer than 10 cc transactions outstanding on average.
Carolyn’s popularity rating – 5 stars
Improved working relationship between finance and cardholders.
Automated reconciliation reduced cycle time,
minimized accrual risk,
and improved operational efficiency.
