Hopefully, this might give you a few ideas to get the best out of Pleo.
As you hire a lot of new people, how do you make sure to control all their company spending?
I’m a team manager for Engineering in Pleo, where I can stay on top of all my team spending. We enable and encourage our new hires to buy their own equipment they need for work with their new Pleo card as soon as they start.
That way they can get the “Pleo experience” of not doing expense reports right away.
Your team probably has a bunch of software subscriptions, how do you keep track of those with Pleo?
This is probably one of the best features of using Pleo for our team.
When we introduce a new service, the employee that needs it, just subscribes with their own Pleo virtual card. We can then see easily see what services we are using as team, who is using them and how much we are are paying for that.
As the team grows, this is crucial, since having the overview over all expenses and invoices makes us a whole lot more organised.
With experience working in bigger companies, even super-tech-savvy ones, Marie-Louise has tried a lot of platforms for expense reporting, but none of them come close to Pleo, she says. One of the first account managers at Pleo, she’s now head of sales enablement.
There are quite a few of those, so not sure where to start! It depends a bit of industry and the customer we are talking to.
If it’s a company that has a lot of people out of office, like an event or video agency, they really love the simple way they can issue and control cards, set the limits and just catch receipts on the go. They don’t get that feature with any other commercial cards elsewhere.
Tech-savvy companies, digital agencies and consultancies on the other hand love the way they can go fully receipt-less with Pleo and empower their employees.
They know everyone hates expense reports and moving to Pleo makes their company more agile and their staff a lot happier.
And then, whatever the industry is, we have the finance people.
They are just in love with our accounting integration and the easiness to access and sync all data, including project codes and receipts to their accounting software. It saves them a lot of manual work.
As we are visiting our new and existing clients around the whole UK, our team is often on the road.
Storing receipts or filling out forms to claim your money back for tickets or expenses is normally one of the biggest hassles for sales people. It can eat up a few days in a year.
Our team just uses their Pleo company cards, snap their receipts and they’re done.
Do you have a favourite Pleo feature?
I must say that the thing I find really cool and often overlooked, because of all the other features, is the Analytics view. As a team manager, I’m able to get a very detailed insight into our team spending behaviour, highlighting who and where we spend the most, who is the most diligent with receipts and so on.
It’s so good it could be a standalone product.
Corporate cards were, and still are today in a lot of places, reserved only for senior management. It was seen, for a long time, almost as a sign of prestige.
Once you would reach the certain level within a company, you would be rewarded with the trust and autonomy by getting your card.
And for a long time, it made a lot of sense.
Corporate cards are not easy to get, as banks traditionally require a lot of paperwork, and finance teams have to rely on the end-of-the month balance statement to see all the transactions that occurred.
This means that reconciling gets very messy and non-compliant spending can happen under the radar.
As a result, the process of issuing cards for purchasing is seen as decentralising control and that is something that generally concerns procurement and finance teams.
But cards coupled with a technology solution like Pleo, open doors to getting much more control and visibility than before as everything can be seen in real-time.
This fact coupled with the changes we are seeing in how companies operate today, makes spreading trust and autonomy achievable across the whole company a lot easier. And according to most research today, it is what your employees are actually motivated most by.
We have different teams set up in Pleo based on departments. Managers of those teams are then responsible for the expenses of their own team.
I still have an overview over all spending, but use the analytics view to follow the spending patterns and have better overall oversight.
Expense tags are a very valuable feature for us, as we can track not just department spending, but specific projects in more detail.
Automatic reminders within Pleo makes sure employees attach missing receipts, so we don’t have to ping them. Having all things in place is crucial for us and makes our yearly audit a lot easier.
Make it easier to stay on top and control all recurring payments within Pleo by using our virtual cards. This way, you can see who runs which subscriptions, add invoices and see how much it costs.
A great way to welcome a new employee to your team is to empower them to buy the things they need for work with their own card. That way, they can get in the habit of taking care of their own expenses and adding the receipts instantly.
To have a better overview over all company spending, whether that is just by user, team or the whole company, use the Analytics feature. You can follow the spending patterns in detail across your different tags, teams or merchants.
Whether you have billable expenses, want to organise spending across different clients, internal or external projects, or any other dimension you prefer, we recommend using the Tags feature. We’ve written about how to use it before, but it’s a feature that can give Pleo extra powers.