Case Study: Doverie Pension Assurance cuts month-end close to days with Payhawk

Doverie Pension Assurance cuts month-end close from weeks to days with Payhawk

Doverie Pension Assurance, one of Bulgaria's largest pension insurance companies, faced overwhelmed accounting teams and inefficient paper-based expense processes. This manual system slowed down month-end closing, increased the risk of errors, and consumed significant human resources. The company needed a better way to ensure transparency and control over company spending.

Payhawk implemented its expense management platform and corporate cards, which integrated seamlessly with Doverie's SAP ERP system. The solution automated data entry through OCR, provided customizable spend controls, and offered real-time visibility. As a result, Payhawk helped cut the month-end close process from weeks to just a few days and improved efficiency so that tasks previously requiring three people were handled by one.

Doverie Pension Assurance