4 reasons to meet Navan at World Finance Forum in London
Ed Brooks
•28 Aug 2024
As companies place increasing importance on visibility and control of spend, finance leaders are prioritising solutions that help them achieve this. At Navan, we’ve built a solution that puts accounting and finance teams in control of their company’s travel and expense (T&E) spend through proactive policies, real-time data insights, and automated expense management.
On 5 September, the World Finance Forum in London will bring together finance leaders from across industries to explore the pressing issues they are facing, and the cutting-edge solutions to overcome them. We’ll be attending the event — here are four reasons why you should meet us there.
1. Control overspending
Navan keeps finance and accounting teams in control of company spend with features that stop overspending by flagging or blocking out-of-policy transactions in real time.
With Navan, finance and accounting teams can:
- Build customisable and transparent spend policies into the travel and expense platform to proactively keep spend in check.
- Personalise spend policies based on whether employees are on a trip, their role, expense type, and more.
- Issue virtual cards with pre-set spend amounts to manage spend before it happens.
- Flag overspend immediately to employees.
“In 2021, auditors told us we didn’t have enough visibility or control of our expenses. Navan changed that—we can now see exactly what everyone’s spending. From a financial control perspective, it’s so much better.”
2. Get real-time visibility of spend
Navan’s tech-first, integrated T&E solution gives finance and accounting teams full visibility of T&E spend across the whole company. Whereas transaction data takes several days to settle on other platforms, Navan provides visibility into spend instantly.
In one dashboard, finance and accounting teams can:
- Get real-time insights into the company’s entire T&E spend.
- Create reports with ease in Navan’s intuitive data dashboards.
- Keep forecasting and budgets up to date and accurate.
- Reap the benefits of high platform adoption rates that mean all travel data is centralised in one platform.
“We have full visibility, the dashboards are really clear, and we get the data we need with one click.”
Yordan Stoyanov, Senior Manager Financial Processes at SumUp.
3. Streamline finance processes
The days of repetitive and manual accounting tasks for expenses and travel payments are over. Navan automates expense management from swipe to reconciliation, boosting productivity and optimising savings, so finance and accounting teams can use their time for more strategic tasks, like financial analysis and planning.
With Navan, finance and accounting teams:
- Save time by automating expense management and eliminating manual expense reports, approvals, and reconciliation.
- Can quickly reimburse employees in 25+ currencies, across 45 countries.
"Since switching to Navan, our finance teams save about two days a month managing spend. They no longer need to manually review expense reports, enforce spend policies, or administer reimbursements."
4. Get the benefits of Navan — without changing corporate cards
With Navan Connect, you can keep your existing corporate card benefits while enjoying the added layer of real-time control, automatic reconciliation, and built-in approval flows on every Visa or Mastercard transaction.
Connect Visa or Mastercard corporate cards to the Navan app to automate expenses, issue virtual cards for specific purchases (for supported cards), or allow employees to use their personal cards and be reimbursed. Navan Connect is now available across more than 250 global banks.
Ready to find out more?
Find out how London-based software company 1E saved 160 hours per month on expense management and saved 16% on travel spend since partnering with Navan.
We’d love to tell you more about how Navan makes travel and expense management easy. Contact mthompson@navan.com to schedule a meeting at the event.
We look forward to seeing you there!