Case Study: Sharesies automates approvals and EOFY audits with ApprovalMax

How Sharesies automated their approvals process & EOFY audits

Sharesies, a New Zealand-based investment platform, faced the challenge of scaling its manual, email-based invoice approval process to keep pace with significant business growth. Their small finance team needed a scalable, efficient, and audit-friendly solution that integrated seamlessly with their existing cloud-ERP, Xero. To solve this, they adopted the accounts payable automation solution from ApprovalMax.

By implementing ApprovalMax, Sharesies automated its approvals, creating a system that could easily grow with the business. The solution provided clear audit trails and native integration with Xero, which drastically improved efficiency. The results were substantial; the company now processes over 300 invoices per month just in New Zealand, a twelvefold increase from their pre-automation volume. This has made their end-of-financial-year audits simple and freed the finance team to focus on high-value analysis and forecasting.

Sharesies

Hannah Korner

Corporate Accountant