European Fintech Payhawk Assists VEDA with Streamlining Accounting Processes

In the world of fintech and accounting, some partnerships are built on shared vision and innovation. That’s the case with VEDA, a firm focused on tech accounting, and the innovative spend management platform at Payhawk.

It started with a chance meeting. Danny from VEDA Accounting caught sight of Payhawk CEO, Hristo Borisov’s tech-savvy style, and an initial conversation turned into an implementation and then a full embrace of Payhawk technology at VEDA.

VEDA’s Founder, Maggie Stancheva, recently explained how their partnership has transformed VEDA’s operations and helped their business thrive.

As noted in the update:

“At VEDA, we’re more than just an accounting firm; for our customers, we’re partners in financial growth. Based in Bulgaria and the UK, we specialize in providing tailored services that empower all sorts of businesses to thrive. We have seen it all, from fledgling start-ups with their first seed funding to blooming scale-ups. A fun fact about VEDA is that we knew Payhawk way before it was cool – long before it achieved its unicorn status.”

As mentioned in a blog post:

“Their journey to a market leader was incredible to witness. We have been privileged to partner with them many steps of the way, leveraging their cutting-edge technology to elevate our services. Their innovative approach and commitment to excellence have significantly impacted our efficiency and customer satisfaction, reinforcing our belief in the power of strategic partnerships.”

As explained in the update:

“As professional accountants, our main focus is on delivering value to our clients. However, Payhawk flips the script, allowing us to boost our operational efficiency even further. Gone are the days of slow, manual expense management here at VEDA. Payhawk’s automation has literally revolutionized our workflow, turning tedious tasks into seamless processes and streamlining our working methods in general. This efficiency means we can now devote more time to what truly matters to us – driving our clients’ success. The Payhawk platform is helpful here, too. The advanced analytics tools help us uncover valuable insights and trends hidden within financial data, further improving the services we can offer our clients. In addition, Payhawk helps us significantly minimize the risks of human errors.”

The team further noted that they “did not simply choose Payhawk; they embraced it.”

What they love about the platform is “the user-friendly interface and the constant innovation, like the recently improved accounts payable features and flawless accounting software integration, including integrations with several business tools like CRM systems, inventory management software, and e-commerce platforms.”

These are a “game-changer” for them and their clients.

Making technology recommendations is “a significant responsibility for VEDA as we strive to provide our clients with the best solutions.”

With Payhawk, they trust its ability to “enhance the strong client relationships we have cultivated.”

They’re also convinced that the future of accounting “is paperless; therefore, they’re impressed by how Payhawk contributes to the concept of the paperless office environment.”


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