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VaynerMedia Accelerates Hiring with TripActions Liquid™

VaynerMedia gains real-time visibility and improves forecasting ability in switch to TripActions.

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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.

Challenges

  • Three different T&E solutions with no native integration
  • Poor visibility with spend
  • Spend reporting delayed for up to a month
  • Poor user experience

Results with TripActions

  • Single, unified T&E solution
  • Real-time visibility into all spend globally
  • 100% of flights paid using TripActions Liquid™
  • 97% of TripActions Liquid charges require zero review

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Automated Expense Reconciliation

“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.

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Real-time Visibility

“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.”

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Employee Perks with TripActions Lemonade

“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.”

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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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