Who at awork uses finway? About 25% of the workforce. Mainly management, team leads, and the Operations & Office teams.
How do people use finway? It varies greatly.
All members of management and team leads have their own finway debit cards, which they can use to make purchases within their predefined budgets. These are typically used for subscriptions and tools within their departments, but can also be used for business travel and entertainment expenses, for example. The relevant receipts are then uploaded to finway by the respective individuals. When on the go, this is very easy to do using the finway app.
Vicky is the only power user at awork who uses finway on a daily basis. Her main tasks include daily invoice entry, importing incoming and outgoing payments, and monitoring transaction matching. This allows her to see immediately where receipts are missing and know right away where she needs to follow up. For the monthly closing, which she prepares together with her tax advisor, she exports all invoices to DATEV. Here, the card statement (the Wallet) also offers a major benefit, as it is very clear and can be exported in the required format with a single click.
The biggest game-changer when working with finway? The approval process.
As soon as invoices are entered and cost centers are assigned, the workflow configured in finway is triggered. This sends a notification to the relevant employees that an invoice addressed to them or their cost center is ready for approval. This not only saves a tremendous amount of time but, above all, makes Vicky’s job much easier: she always has complete transparency—who needs to approve it, and who is responsible? This ensures that the documents can be submitted to the tax advisor on time and in full.