Case Study
Vornado Realty Trust
The Challenge As one of the largest owners and managers of commercial real estate in the US with a variety of proprietary internal accounting systems and speciic rules for diferent divisions, Vornado needed an expense management system that could scale to its very complex entity system. For nearly a decade, Vornado’s accounting processes had been paperless across the board— except for expenses. The manual expense process was cumbersome and time-consuming. Employees had to log into the company intranet, download the expense form and ill in each line item, which the document would then tally. Then, the employee had to print the expense form, attach receipts and manually give them to the approver or multiple approvers. Once the expense report was approved, AP would come in as the “clea