Case Study: The Icehouse saves 40+ hours a week with ApprovalMax

How approval automation saves this investment firm 40 hours a week

Icehouse, a New Zealand investment firm, was facing significant inefficiencies in its finance operations. Despite using Xero for accounting, its invoice approval process was a time-consuming, paper-based system that required a full-time employee to manage and took 3-4 days to complete. The company turned to ApprovalMax to automate and streamline its financial approvals.

By implementing ApprovalMax, Icehouse established a multi-tiered automated approval workflow integrated with Xero and Dext Prepare. This solution drastically reduced their invoice processing time by 80%, saving over 40 hours per week and an estimated $62,400 NZD yearly. ApprovalMax provided a transparent, trackable process where many invoices are now approved within 24 hours, resulting in an estimated 7,900% ROI for the firm.

Icehouse

Sebastian McLarin

Financial Controller