How One Company Made Reporting Expenses Less of a Hassle
Oribe makes high-end hair and beauty products, but its system to handle employee expenses was the equivalent of a comb-over in a windstorm -- a tangled mess. Sid Katari, CFO of the New York-based company, saw piles of forms and receipts, and employees frustrated by 30-day reimbursement times, and he got nervous. The company was growing fast -- in the past five years, workforce shot up from 50 to 200 and revenue grew annually by an average of 46 percent -- and “in a year or two,” he says, “our expense system was going to break.”
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