Coronation Fund Managers

coronation-fund-managers-header

Locations:

Applications:

Industries:

London-based Coronation Fund Managers is an independent, specialist fund manager founded in 1996 providing sophisticated investment solutions to institutional clients.

Challenges faced with expense management

Most Coronation employees are frequent travellers and as the business has expanded, the amount of travel has increased proportionally.

Clinton Martin, Chief Financial Officer, explained some of the complexity that the organisation faced; a process that was creaking under the strain until Webexpenses was introduced:

 

Once a month, the finance department would update a spreadsheet with the latest foreign exchange rates, and we’d email this to each employee. Each staff member would input their expenses, print out the claim and send this for approval to their line manager. This often caused delay, as line managers were themselves, frequent travellers. Accounts staff would then input the data line item by line item to the company’s core financial software, Access Accounts. This was a frustrating and time-consuming task.

How Webexpenses helped

Martin explained that the benefits of a web-based solution were immediate, in the first instance in the front office. “The feedback that we received from the front office staff was extremely positive. Where previously they input expenses only once they returned to the office, they now enter their expenses wherever they are in the world. The exchange rate functionality is particularly useful, and they have been keen adopters on the feature that lets you send expenses by SMS.”

The benefits in the back office are also substantial, he explained: “The process was immediately transformed. The time savings in the accounts department are significant and we are able to post the consolidated data to Access quickly and easily. Where we previously input only summary data, we now include all data, including the description, which includes client details. Our auditors are particularly impressed by that feature. We also make use of the feature that allows us to flag expense items that exceed predefined category limits. This allows us to pay extra attention to certain items.”

Browse Other Case Studies

All
  • All
  • Area | Americas
  • Area | APAC
  • Area | EMEA
  • Area | Global
  • Consulting & Services
  • Consumer Goods & Entertainment
  • Education
  • Finance & Insurance
  • Food & Hospitality
  • Manufacturing & Equipment
  • Medical & Bioscience
  • Natural Resources & Environment
  • Non-Profit
  • Supply Chain & Logistics
  • Technology & Software
  • Video

Munster Rugby

Founded in 1879, Munster Rugby is one of the most successful and best supported rugby clubs in the world with...

Read More

Procure4

Procure4 is a team of supply chain management specialists working across Europe, USA and UAE to deliver cost base reduction...

Read More

Nextira One

The company’s sizeable field-based implementation and maintenance support team previously submitted expenses using an excel spreadsheet that was then printed...

Read More

Woolmark

Woolmark was founded in Australia in 1937, and has since grown to become a truly global organisation.

Read More

Coleg Cambria

Read More

Museum of London

The Museum of London, which tells the story of London from 450,000 BC to the present day, has recently adopted...

Read More

CIPP

The Chartered Institute of Payroll Professionals (CIPP) was established as an official industry body in 1985 when the Institute of...

Read More

GapConsulting

As the company’s consultants spend a large part of their time working at customer sites, the expenses process was previously...

Read More

USAlliance Financial

Serving over 90,000 members worldwide, including the employees of American Express, PepsiCo, and IBM, USALLIANCE Financial is a multi-faceted $1+...

Read More

Henry Schein

The UK based arm of Henry Schein is split into four divisions and approximately 400 employees make expense claims on...

Read More

Admiral Insurance

Admiral Insurance are a worldwide organisation, they have branches in Europe, Canada and the USA.

Read More

Probrand

IT service provider and value added reseller Probrand has built its reputation on a track record of helping businesses to...

Read More

Pets at Home

Pets at Home is the UK’s leading pet care specialist, providing pet owners with everything they need.

Read More

Swiss Post

In line with its desire to be a highly sustainable company, Swiss Post Solutions Ltd. in the UK made the...

Read More

Gamma Solutions

Read More

VTCT

VTCT are a Government-approved awarding organisation, with a focus on the advancement of education.

Read More

TransMedia Dynamics

Media asset management company TransMedia Dynamics are a worldwide organisation, they have offices in the UK, US, Australia and Malaysia.

Read More

Underground Coffee Roasters

New Zealand based coffee company, Underground Coffee Roasters provide cafés, shops and barista training – they have a passion for...

Read More

Global Action Plan

Global Action Plan is the UK’s leading environmental change charity and, since 1993, has helped businesses, schools and communities reduce...

Read More

Smart Training and Recruitment

Read More

Pongo Power

Pongo Power, INC. is a Brooklyn based physical fitness company that provides physical education about anatomy, physiology, and sports science...

Read More

Merz Pharma UK Ltd

With an expanding product range supported by active research and development, Merz Pharma UK Ltd. has a passion for pushing...

Read More

Inspirations Paint

The paint supply specialist introduced Webexpenses in 2017 and immediately saw improvements in the managing of their expenses.

Read More

Adecco Group

The Adecco Group is the world’s leading provider of HR solutions.

Read More

IOP Publishing

Read More

Miele

Miele was behind the curve with adopting new systems, this was also the case for our handling of expenses. There...

Read More

White Stuff

Sociable and ethical clothing retailer, White Stuff has stores all over the UK and Europe.

Read More

Healthcare at Home

Healthcare at Home is the UK’s largest provider of home healthcare services with around 1,500 employees and caring for more...

Read More

Alzheimer’s Research UK

Prior to using Webexpenses, Alzheimer’s Research UK were using a highly manual process that wasn’t able to keep up with...

Read More

Arrow Business Communications

Arrow Business Communications have offices across the UK, Managing expenses efficiently is important to them with many approving managers working...

Read More