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Copart wins ROI Award

The Bottom Line.

Copart, the nation’s largest reseller of total-loss vehicles, deployed ExpenseWatch.com modules for online Expense Reports, Purchasing and AP Invoice Management for financial automation controls and to reduce operating expenses. Copart has created a nearly paperless approval workflow routing and expense management system.

The Results

ROI: 888%
Payback: 1.4 months

Direct Benefits:

  • Reduced rogue spending
  • Negotiated better pricing with vendors
  • Save money—paper, printing, personnel

Indirect Benefits:

  • Quicker reimbursements and daily time savings
  • Faster approvals—from days to hours

Copart Eliminates Cumbersome Manual Expense Management Processing

Copart was buried under piles of papers as it manually tracked, updated and monitored internal expense reporting, purchasing and invoice approval processes. It lacked a system for expense automation, from travel and entertainment expense reporting, processing company purchases, tracking PO approvals, and invoice approvals and workflow. The manual system caused numerous challenges, including:

  • No spend visibility
  • Too much time getting approvals
  • People-intensive expense analysis and daily financial reports on expense management

Expense Control Automation

The Nucleus Research case study identifies many areas where Copart achieved significant direct and indirect benefits from automating its expense control processes, such as spend policy enforcement and compliance, automated approval routing and decreased payment and approval cycles. It also identifies key lessons learned when implementing an on-demand, software-as-a-service application.

Download a free copy of the award-winning Nucleus Research case study—a $700 value—to learn how ExpenseWatch.com allowed Copart to automate expense controls, improve productivity, reduce costs and increase profits.

Sales and Information

sales@ExpenseWatch.com
(P) 866.399.2824
(F) 866.552.7675

Technical Support

customersupport
@ExpenseWatch.com

(P) 866.399.2824

Employment

careers@ExpenseWatch.com

Become a Partner

partners@ExpenseWatch.com

Corporate Headquarters

620 W. Germantown Pike
Suite 220
Plymouth Meeting, PA 19462
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