.svg)
Start simplifying your business spend with Alaan 🚀
Unlimited cards
Up to 2% cashback
No minimum balance
Customer Stories
Fujairah Gold (Vedanta)
How Fujairah Gold simplified their employee travel expenses using Alaan
240+
Hours saved per month
Xero
Accounting Integration
Government expenses
Highest spend category
Key Takeaways
With Alaan corporate cards, Fujairah Gold got
- Real-time visibility of company-wide expenses
- Automated receipts instead of paperwork
- Faster reconciliation saving time for both employees and teams
Together, this helped the finance team save over 240+ hours per month.
About
Fujairah Gold FZC, a subsidiary of Vedanta Resources Plc, is a premier precious metals and copper refining company headquartered in the Fujairah Emirate of the United Arab Emirates.
The company's facilities are equipped with cutting-edge equipment and adhere to the highest international standards, ensuring the production of premium-quality precious metals and copper products.
The problem
Heavy reliance on traditional methods with no convenience and control
Fujairah Gold was using traditional expense management processes. The reliance on physical cash, petty cash systems, and personal credit cards for business expenses led to several challenges. These included:
- Manual processes: Time-consuming manual entry of expenses and reconciliation of physical receipts.
- Lack of visibility: Difficulty in tracking employee expenses and ensuring compliance with company policies.
- Security risks: Concerns about the security of cash and personal credit card transactions.
- Limited control: Inability to enforce spending limits and monitor employee behaviour.
The solution
Smart corporate cards provide convenience to employees and control to the finance team
To address these challenges, Fujairah Gold partnered with Alaan. With our corporate cards and expense management platform, the finance team at Fujairah Gold could address the challenges they were facing, such as:
- Virtual Cards: The ability to issue virtual cards to employees for specific purposes, eliminating the need for physical cash or personal credit cards.
- Mobile App: A user-friendly mobile app that allows employees to easily capture expenses, attach receipts, and submit expense reports.
- Automated Reconciliation: Automated matching of expenses to receipts, reducing the risk of errors and saving time.
- Real-time Insights: Detailed analytics and reporting to provide visibility into spending patterns and identify potential areas for cost savings.
- Policy Enforcement: Built-in controls to enforce spending limits and ensure compliance with company policies.
Conclusion
Fujairah Gold simplified its financial operations by implementing Alaan's expense management platform. The company experienced a significant reduction in administrative burden, improved efficiency, and enhanced transparency. Alan's solution empowered Fujairah Gold to focus on core business activities while maintaining strong financial control.
Want to simplify your business finances, too? Get in touch with Alaan!