Case Study: Mazars Thailand achieves tighter spend control and faster approvals with ApprovalMax

Spend control for a multi-entity company in the renewable energy sector from construction to operation

Mazars Thailand, an international firm providing audit and advisory services, was assisting a renewable energy company that was facing significant challenges during its construction phase. The client, which operated multiple entities, struggled with a manual, paper-based approval process for supplier bills. This led to delays in payments, difficulties in tracking spending against strict project budgets, and a high risk of missing critical reporting deadlines required by its bank to secure continued financing. They turned to the vendor, ApprovalMax, for a solution to automate their financial controls.

By implementing ApprovalMax's automated approval workflows, the client resolved its inefficient processes. The solution provided multi-tiered approvals with instant notifications, enabling key personnel, including a frequently traveling CEO, to authorize transactions on the go from their phones. This resulted in no more late supplier payments, granular spend tracking, and on-time reporting. ApprovalMax delivered clarity, control, and transparency to their entire process, ensuring compliance with financing terms and creating a fully auditable trail for both construction and ongoing operational phases.

Mazars

Jonathan Fryer

Accounting and Payroll Outsourcing Partner