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Collaboration enhances financial operations with real-time automation and seamless NetSuite integration for European businesses.
Payhawk, an international expense management platform, has partnered with Novutech, a European digital transformation consultancy and NetSuite specialist, to deliver quicker, brighter, and more automated financial solutions for European businesses.
Through this collaboration, expense management will be streamlined by integrating Payhawk's real-time control and automation features with Novutech's extensive knowledge of customized NetSuite implementations.
Most businesses have difficulty realizing the maximum benefits of ERP systems. Just 20% of companies, as estimated by McKinsey, realize more than half of the potential benefits. Top vendors are now setting their sights on modular ERP configurations, employing best-of-breed solutions such as Payhawk in order to achieve better outcomes.
With Payhawk's native NetSuite integration, businesses can now automate 99.7% of expense exports with no human intervention. OCR technology auto-populates information, saving time and minimizing errors. Employees utilize Payhawk corporate cards, and finance teams gain real-time insight into company spending—expense reports, supplier invoices, and budgets.
Novutech, itself a Payhawk user, experienced significant gains. Processes were time-consuming and manual. After making the transition to Payhawk, the staff became more efficient and had improved control. Novutech will now extend these advantages to its client base in Europe.
"This partnership with Novutech is significant because they've witnessed the way Payhawk revolutionized their finance processes," said Valentin Gerbi, Country Director of France at Payhawk.
Maxime Lothe, Novutech CEO, commented, "Payhawk's receipt scanning using AI, genuine credit cards, and transparent NetSuite integration deliver tangible value from day one."
Payhawk and Novutech are jointly providing tailored, automated NetSuite solutions that enable finance teams to shift from data processing to analyzing it—enhancing speed, accuracy, and strategic decision-making.
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