Business Spend Management & Expense Allocations for Alternative Asset Managers

"Stavtar saved us north of $1 million for sure. It's a no-brainer - this is such a low-hanging fruit for any firm of our type in terms of what Stavtar brings to the table."

"With Stavtar, we've actually been able to reduce our accounting team that focuses on accounts payable by 4."

"Before Stavtar, our expense allocation workflow was managed in Excel. The volume of invoices we received on an annualized basis is measured in the thousands. In the past, we threw bodies at the problem."

"Our accounting department was just trying to keep their head above water not to drown because we didn't have an automated process. Stavtar enabled us to streamline our operations and ensured that we were no longer upsetting our vendors by being late on our payments. Our allocation process is now robust and well-documented."

"With Stavtar, we're able to handle expenses in a more effective and more immediate fashion. It doesn't take the same amount of people internally to complete a request."

"What we really liked about Stavtar is the fact that it's a SaaS solution that is highly customizable. The workflows can be designed for each one of our vendors."

"Historically, we would have situations where Bloomberg terminals were cut off because we didn't pay Bloomberg on time. We don't have a reputation in the industry of being a company that doesn't pay bills on time. It just becomes really challenging. With Stavtar, we'e no longer in violation of our payment terms."

"The allocation part is very sensitive because the SEC focuses on expense allocation; can you back up your expense decompositions? With Stavtar, I can produce that."