Case Study: The Penn Group of Companies reduces reconciliation time by 73% with Navan

Real Estate and Construction Firm Reduces Reconciliation Time by 73% with Navan

The Penn Group of Companies, a real estate and construction firm, faced a significant challenge with its outdated, manual expense management processes. These labor-intensive tasks drained time from employees and accountants, who were burdened with matching credit card slips, tracking receipts, and manually reconciling expenses across multiple business entities and three separate corporate card programs. Seeking a solution, the company partnered with vendor Navan to reduce this administrative load while retaining its existing banking relationships.

Navan implemented its solution, including its Navan Connect card-link technology, which automated expense management without requiring the company to change its current bank cards. The results were substantial: Penn Group achieved a 73% reduction in reconciliation time, saving 62 hours company-wide each month. Accountants saved 8 hours each, and employees in the field saw their expense reporting time drop from 2 hours to under 30 minutes. Navan provided real-time visibility into finances and automated the coding of expenses to the correct categories and entities.

The Penn Group of Companies

Robert Oden Jr.

Staff Accountant