The Receipt Bank Blog

All our receipt management is now done on the go" - a testimonial by Tim Dew, Founding Partner at Mount Parnassus Partners

Previously, it used to take two days every quarter for my PA and I to input all the expenses for our company manually. The process included putting everything in chronological order, categorizing everything and then entering it into spreadsheets.

Not only was this process very time consuming but also extremely tedious - it had a huge negative impact on the business from lost time. Invariably, keeping on top of these receipts would fall down the list of priorities which meant that VAT claims would be delayed which had a small but significant impact on cash flow. Any discount on the VAT return wouldn’t show until 6 months after the purchase.

I heard about Receipt Bank through a friend. It’s reduced the time spent and taken the stress out of all finances. Hidden benefits include a better management of all internal finance systems.  Cash flow has improved and we’re much more productive now that we aren't losing all that time.

All our receipt management is now done on the go. It’s been revolutionary - I would liken it to getting a smart phone and being able to put appointments in your diary on the fly - doesn't seem like much until you have to do without!