VaynerMedia gains real-time visibility and improves forecasting ability in switch to TripActions.
VaynerMedia, which was founded in 2009, employs 800-plus people—many of whom are the most progressive, consumer-obsessed creators in the industry—and has offices in New York, Los Angeles, Mexico City, London, Singapore, Tokyo, Bangkok, and Sydney. It’s a fast-growing company that had some unique issues to solve, particularly with travel and expense (T&E).
The company had previously used three different solutions for its T&E: American Express for corporate cards, Expensify for expense management, and SAP Concur for booking travel. As a result, getting visibility and trying to monitor reconciliation were headaches; those processes also took up costly amounts of employee time and energy.
But then VaynerMedia turned to TripActions for a smooth, all-in-one travel, corporate card, and expense management solution—and the decision has paid off.
Results with TripActions
“With TripActions Liquid, the vast majority of transactions fly right through. If we had to manually reconcile 10,000 transactions with the Amex/Expensify solution, we now have to reconcile five with Liquid. The other 9,995 fly right through from transaction to report,” said VaynerMedia’s VP of Finance, Mike McGee.
“People are our value,” said McGee. “The content that our people create is what creates value for our clients. In the red-hot creative hiring market, we need to win talent quickly. With accurate, real-time reporting, TripActions Liquid removed the bottleneck around the most urgent decision-making task within the company: hiring.”
“Every perk counts in this current hiring environment, especially when hiring creators who are in such high demand,” said McGee. “If you’re a talented creator, everybody, whether it be a creative agency or people in-house, wants to bring you in. With more and more people becoming global citizens and loving travel, it’s an absolute perk to be able to offer TripActions Lemonade for personal travel. I would say, especially for people of my generation, that a perk that encourages and simplifies travel matters more than anything else.”
We're global and we're growing exponentially. Since 2019, we now have a presence in Canada, London, Europe proper, Singapore, Australia, Thailand, Japan, and Mexico. Thanks to TripActions Liquid, we have real-time visibility no matter the country. We’re now able to confidently report T&E day one or two into the month, expediting our ability to forecast.
- Mike McGee, VP of Finance, VaynerMedia
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