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

Icehouse saves 40+ hours a week with ApprovalMax

The Icehouse, a New Zealand-based investment firm, faced a significant challenge with its outdated, paper-based invoice approval process. Despite using Xero for accounting, the manual system required a full-time employee to manage paperwork and took three to four days for an invoice to be approved. The company turned to ApprovalMax to automate and streamline its financial operations.

By implementing ApprovalMax, The Icehouse established a multi-tiered, automated approval matrix integrated with Xero and Dext Prepare. This solution reduced their invoice processing time by 80%, saving over 40 hours per week and achieving an estimated yearly ROI of 7,900%. The results included estimated yearly savings of $62,400 NZD and a fully transparent, trackable accounts payable process.

Icehouse