Case Study: Parkos Improves Card Management and Finance Operations with Payhawk

From manual accounting to seamless financial operations - Parkos' revolution

Parkos, the Amsterdam-based travel marketplace helping millions find airport parking, was struggling with manual accounting, limited budget control, and a clunky approval process as it scaled. Before Payhawk, the team shared a small number of physical corporate cards, which created risk and inefficiency when employees needed to make payments on the go.

Payhawk implemented a spend management solution integrated with Exact Online, including automated accounting, virtual and physical cards with controls, custom approval workflows, OCR receipt capture, and custom fields mapped to the ERP. As a result, Parkos automated manual bookkeeping, improved card management and expense control, and cut its time to close the books from over 30 days to 14 days, while also speeding up finance operations with real-time spend insights and faster support from Payhawk.

Parkos

Steven Packer

Head of Finance