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September 20, 2024

Aspire and GoCorp collaborate, share insights to boost employee experience and company productivity

Written by
Ekky Pramana
Last Modified on
September 20, 2024

Aspire, a leading B2B financial management platform, and GoCorp, a part of the on-demand Gojek platform that focuses on serving the B2B segment, have launched a collaboration to share insights with business entities in Indonesia regarding steps to streamline financial operational processes, enhance efficiency, and provide a positive working experience for employees.

In a situation where competition for talent is growing fiercer, companies continue to seek ways to improve the employee experience in response to the challenges posed by The Great Resignation phenomenon. A 2021 study by McKinsey & Company stated that using technology to enhance productivity, including one of nine values that can improve the employee experience to address this phenomenon. Increasing a sense of ownership is also crucial for employee retention.

Aspire and GoCorp collaborate to hold a series of events aimed at educating companies on enhancing employee engagement and productivity with the aid of technology. These events provide valuable insights and practical guidance to maximize employee productivity, maintain expenditure management efficiency, and grant employees the freedom to act more dynamically in performing their tasks without sacrificing the company's financial control.

Smart financial management is the key to a healthy company, and one aspect of this is ensuring that all expenditures are under control. Aspire and GoCorp offer a unique solution that enables companies to track expenses in real-time.

With Aspire's financial management software, companies can avoid payment bottlenecks, ensure smooth operations, and empower employees to maximize their productivity. Employees can make company purchases using Aspire corporate cards, making the reimbursement process easier. Companies can also track their expenses in real-time to avoid excessive spending and assist in making decisions based on the current financial situation of the company.

Meanwhile, GoCorp through its features offers a more efficient process of company expenditure management with improved visibility and monitoring, automated reporting, as well as direct integration with easier transportation, food, and delivery service ordering through the Gojek app.

Stella Darmadi, Head of Marketing for Transport at NeXT Mobility Gojek Indonesia, stated, "For companies, GoCorp provides a comprehensive business expense management solution to enhance operational efficiency and productivity. Through a real-time integrated dashboard with expenditure transactions, companies have control to monitor their business expenses with better visibility. This dashboard also helps companies control expenditures to align with budget planning and corporate regulations."

"From the perspective of employees or direct users, the main advantage of GoCorp lies in its integration with the Gojek ecosystem. The process of employee adoption and adaptation to using GoCorp is relatively easy, as Gojek services are already familiar to almost the entire Indonesian population, including the employee segment. Technically, employees who are already registered in the system simply need to change the payment method in their Gojek app to 'GoCorp,' and afterward, they can immediately access various available services, including transportation, food ordering, and delivery. With GoCorp, employees can access various services needed to support their work while simultaneously being free from the complexity of reimbursement submission and waiting for reimbursement money, allowing employees to be more productive and focused on their core tasks," added Stella.

"We are optimistic about our collaboration with GoCorp in providing insights and solutions for financial management for companies, enhancing productivity, and providing insight into employee mobility," said Ferdy Nandes, General Manager of Aspire Indonesia.

"Aspire expands the services offered by GoCorp to various other aspects of company expenditures, such as digital marketing costs, media and inventory purchases, business travel expenses, and utility expenditures."

"By leveraging the expense tracking capabilities of Aspire and the integrated expense management of GoCorp, companies can gain comprehensive visibility into their operational costs and make strategic decisions to achieve success."

The collaboration between Aspire and GoCorp in this endeavor provides new insights for businesses to optimize their operational aspects, enhance productivity, and maximize the potential of company talent. Aspire and GoCorp plan to organize further events for professionals in the HR and Finance fields to provide additional education on productivity optimization and employee well-being. This way, even more organizations/companies can implement these steps.

About Aspire

Aspire is an all-in-one financial platform or software for businesses. Aspire has served over 15,000 startups and SMEs in Southeast Asia, helping companies and business practitioners save more time and costs through multi-currency accounts, debt and receivable management solutions, expenditure and income management, all within a single platform.

Headquartered in Singapore, Aspire currently has over 400 employees in four countries and is also backed by global-level Venture Capital firms, including Sequoia, Lightspeed, and Y-Combinator.

About GoCorp

GoCorp by Gojek is a business cost management solution designed to assist companies in efficiently controlling and managing employee transportation allowances, delivery expenses, and food orders. Accessed through the Gojek app and integrated with a real-time dashboard, GoCorp simplifies the management process and provides better control over company expenses. Currently, GoCorp has helped more than 1,000 companies in Indonesia, Singapore, and Vietnam optimize expenditure operations and enhance business efficiency.

About Gojek

Gojek is a leading on-demand platform in Southeast Asia and a pioneer in the multi-service ecosystem model, including transportation, food delivery, logistics, and more. Gojek was founded on the principle of utilizing technology to simplify daily life by connecting consumers to the best providers of goods and services in the market.

The company was established in 2010 with a focus on courier and two-wheeler transportation services, before launching its app in 2015 in Indonesia. Since then, Gojek has grown into a prominent on-demand platform in Indonesia, expanding its operational areas to Vietnam and Singapore. Currently, Gojek has more than 2.6 million driver-partners. Gojek is a part of the GoTo Group, the largest digital ecosystem in Indonesia, consisting of Gojek, Tokopedia, and GoTo Financial.

Gojek is committed to consistently providing solutions to address the challenges faced by everyday society, while also helping to improve the quality of life for millions of Gojek app users in Southeast Asia, especially in the informal sector and Small and Medium-sized Enterprises (SMEs).

The Gojek app can be downloaded via iOS and Android.

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Frequently Asked Questions

How can Aspire support the unique financial needs and challenges of mid-sized businesses?

Aspire offers a comprehensive suite of expense management solutions tailored for mid-market companies. This includes sophisticated corporate cards, advanced budget controls, and streamlined claims and approval policies, all designed to enhance financial efficiency.

How quickly can a mid-market company integrate Aspire's solutions into existing systems and workflows?

Integration with Aspire's expense management solutions is swift and seamless. Mid-market companies can swiftly implement corporate cards with tailored features, set up nuanced budgets, and establish streamlined claims and approval processes, ensuring minimal disruption to existing workflows.

How does Aspire compare to competitors for international money transfers?

Aspire excels in international expense management with FX fees up to 2x cheaper than traditional banks.

Global payments are offered by various providers through business accounts. Read our article to know more about types of business accounts and how to choose the best one for your business. There are many banks and fintech companies offering business accounts to businesses in Singapore. We have covered them all in our blog, you can click the links to view accounts offered by various banks such as DBS, OCBC, Maybank etc.

However, if you are a start-up or a growing business, chances are you may not meet the eligibility criteria for most of these banks or find their charges to be expensive for your liking. You can consider opting for Aspire multi-currency account for global payments which offers you all the benefits, with eligibility criteria which are less stringent. Read our article on bank charges in Singapore for a quick and easy comparison.

What level of customization does Aspire offer to meet the specific financial requirements of mid-market clients?

Aspire understands the diverse financial needs of mid-market clients and provides a high level of customization to tailor solutions accordingly. This includes the ability to customize corporate cards with specific spending limits, rewards, and benefits that align with the unique requirements of each client.

Additionally, Aspire's budgeting features are adaptable to accommodate the distinct financial structures of mid-market enterprises. The platform also allows for fine-tuning approval policies, ensuring they align with the specific workflows and compliance standards of individual mid-market businesses. This commitment to customization empowers mid-market clients to optimize their expense management in a way that best suits their financial goals and operational preferences.

Is there a minimum balance required for Aspire Business Accounts?

No minimum balance is required to keep your SGD, USD, EUR, GBP and IDR Accounts activated.

Can Aspire's corporate cards be customized to cater to the specific needs of consulting teams on the go?

Yes, Aspire's corporate cards are highly customizable. Consulting teams can benefit from tailored spending limits, travel-centric perks, and real-time transaction tracking, ensuring that the cards meet the unique requirements of professionals on the move.

How does Aspire support budget management for consulting projects and travel expenses?

Aspire's platform offers sophisticated budget controls that consulting companies can adapt to project-specific needs. This includes setting project budgets, tracking expenditures, and receiving real-time insights to ensure that expenses align with project goals.

What are Aspire Corporate Card FX rates?

At Aspire, we want you to pay the lowest rates in the market.
- Zero card activation fees
- Zero card transaction fees
- Best FX rates, up to 2x cheaper than banks

How does Aspire help consulting companies enforce expense policies and approvals for travel expenses?

Aspire streamlines the claims and approval process, allowing consulting companies to establish and enforce expense policies seamlessly. Customizable approval workflows ensure compliance with company policies and industry regulations.

Is Aspire's platform scalable for consulting companies of varying sizes?

Yes, Aspire's platform is scalable and caters to consulting companies of all sizes. Whether you're a boutique consultancy or a larger firm, the platform's features can be adapted to meet your specific travel and expense management needs.

How can I open a business account in Singapore?

For a business account in Singapore, Aspire is an excellent choice. With a focus on startup and SME needs, Aspire offers a seamless and transparent banking experience.

Benefit from their user-friendly online platform, no minimum balance or account opening fees, and dedicated support for businesses of all sizes.

Aspire is designed to streamline your financial management, making it an ideal partner for entrepreneurs in Singapore.

How long does it take to open an Aspire business account?

Registration with Aspire takes less than 10 minutes which you can do via our website or mobile app.

Once registered, we will get back to you within 5 business days on whether your account has been activated or if we need further documents from you.

Our account verification process varies according to the nature of your business. In exceptional cases, it can take up to 7 days to process your documents.

How can Aspire's corporate cards benefit my startup?

Aspire's corporate cards offer a range of benefits for your startup. Earn 1% unlimited cashback on qualified spends, simplify expense management, enjoy streamlined transactions, and gain real-time insights into spending. With customizable limits, integration with accounting software, and enhanced security features, Aspire's corporate cards are designed to empower your startup's financial efficiency and provide added convenience for your team.

Is Aspire suitable for both early-stage and established startups?

Absolutely, Aspire caters to the needs of both early-stage and established startups. Whether you're just beginning your entrepreneurial journey or have an established business, Aspire offers tailored financial solutions to help streamline your operations.

From managing expenses and optimizing workflows to providing valuable financial insights, Aspire's platform is designed to adapt and scale with your business as it grows. The flexibility and scalability of Aspire make it a suitable choice for startups at various stages of development.

Is there a minimum balance required for Aspire Business Accounts?

No minimum balance is required to keep your SGD, USD and IDR* Accounts activated.

However, we recommend keeping your subscription plan amount available on your balance to ensure you're up to date with your payment every month.*

To create a recipient or make any transaction on your IDR Account, you'll need to have a minimum balance of IDR 10,000 on your account.

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Ekky Pramana
is a seasoned writer specialising in business finance and management. With a writing history at Tech in Asia, Teknoverso, and various other publishers, he leverages his market expertise to empower and educate first-time founders in managing their businesses better.
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