Case Study: Coronation Fund Managers achieves faster, more accurate expense processing with Webexpenses

Coronation Fund Managers Ltd - Customer Case Study

Coronation Fund Managers, a London-based independent specialist fund manager, faced growing expense-management complexity as frequent business travel increased. Their process relied on monthly spreadsheets of foreign exchange rates emailed to staff, printed claims submitted for manager approval, and accounts staff entering expenses line-by-line into Access Accounts — a slow, error-prone workflow. Webexpenses was chosen to replace this manual system.

Webexpenses implemented a web-based expense management solution that lets employees submit expenses anywhere, includes built-in exchange-rate functionality, SMS submission and rules to flag items over category limits. The vendor’s solution delivered significant time savings in the accounts team, enabled quick posting of full, consolidated data (including descriptions and client details) into Access Accounts, improved auditability, and sped up approvals and reconciliations.

Coronation Fund Managers

Clinton Martin

Chief Financial Officer