The Summary
Lambda School is best known for its innovative funding solution that allows students to avoid financial risk by paying for courses after Lambda helps them land high-paying jobs. But in the business office, the Lambda finance team was frustrated by old-school systems for spend and expense management.
Not only did their corporate card lack controls, it also made reconciliation difficult. According to Stephanie, “Recoding departments and expenses was so cumbersome with our corporate card that I would just export transactions into Excel, fix the coding, and import it into QBO rather than use the sync function.”
She said implementing BILL Spend & Expense was straightforward, but some employees who were used to having no controls are still getting used to spending limits. “BILL provided really good documentation,” Stephanie said, “which I incorporated into our process instructions for clarity.”
