The Fellows Group works with small and medium-sized businesses and non-profits that have outgrown their current finance support system. Their services help businesses implement changes to their finance operations to meet their business’s needs, such as transitioning leaders, building business reports, forecasting, and streamlining business administration.
Expense Reporting Challenges
Before choosing Tallie, The Fellows Group had used spreadsheets and the solution Expensify. But The Fellows Group was facing the following business challenges with expense management:
- Controlling expense budget
- Reconciling credit cards
- Implementing an approval process
- Ensuring accuracy of data
- Tracking expenses incurred on behalf of clients or non-employees
Results After Switching to Tallie
After switching to Tallie, The Fellows Group has saved 2-4 hours per month and started seeing a return on their investment within 1-2 months. The Fellows Group has also seen an improvement in their finance team’s productivity and morale.
The Fellows Group saw significant improvement in reimbursing employees, integration with their accounting and bill pay system, and managing and reconciling credit card transactions.
The Fellows Group chose Tallie over Expensify because of Tallie’s ease of use, automation, and award-winning integrations.
Ease of Use
After switching to Tallie, The Fellows Group could finally enjoy an expense management process that was easier for both employees and Tallie admins. With Tallie, employees can submit expenses by simply snapping receipt images with their phone and letting the system populate their expense reports for them. Admins can enjoy streamlined approval workflows, real time integrations with accounting and bill pay systems, and credit card reconciliation — all of which helps them more easily reimburse employees on time.
After switching to Tallie, The Fellows Group was able to automate expense workflows that had previously relied on spreadsheets — seeing efficiency and productivity gains as a result. Tallie automations include:
- Expenses automatically added to reports with their data populated
- Categorization of expenses based on The Fellows Group’s general ledger
- Expense reimbursements and credit card statement remittance through Bill.com
- Rule enforcement to stay compliant with expense policies
- Credit card expenses with receipts
- Detection of expense duplicates
Bill Pay and Accounting System Integrations
The Fellows Group cited “extremely easy” integrations with Bill.com, Quickbooks Online, Quickbooks Desktop, and/or Quickbooks enterprise. These activity-based syncs mean The Fellows Group can trust that their accounting data is always updated between systems, in real time. Learn more about Tallie’s award-winning integrations.
Additionally, The Fellows Group cited the below Tallie functionality as especially helpful for their expense reporting processes:
- The Tallie mobile app and mobile accessibility
- Credit card transaction management
- Analytics and data transfer
- Approval workflows
- Receipt processing
Explore how Tallie could save your small business time and money. Start a 14-day free trial today.