How TenneT Reduced Costs and Improved Efficiency with MXP

The challenge

Inefficiencies in their old workflow brought TenneT to the realisation that their processes needed a facelift. The old system that they used wasn’t built for control, it simply processed expenses. They required something more efficient and compliant that was tailored to their business.

They noticed that their manual processes created a heavy administrative burden and increased the risk of human errors. Tracking and controlling costs was challenging due to the lack of real-time visibility.

The search for a solution

When TenneT was looking for an expense solution, the main challenge was finding a specific expense program to meet their exact business needs.

While searching for a vendor, TenneT prioritised a solution that was easy to use and put policy control in the hands of employees which saved time for controllers. They sought a scalable solution that could grow with their business while maintaining compliance with GDPR, SOC 2, and other regulations.

In addition to VAT recovery, TenneT required a more user-friendly solution for employees and a flexible expense management tool to keep up with growing compliance requirements and European legislation.

Cost-effectiveness and strong ROI were key considerations to ensure a smooth implementation and ongoing service.

The solution

During the vendor evaluation phase, TenneT had high expectations and carefully evaluated every potential solution (including Mobilexpense.)

MXP by Mobilexpense emerged victorious due to its ability to streamline expense management, increase financial oversight and improve tax compliance.